Savers Value Village names tech veteran Brian Ames as independent director

Rhea-AI Filing Summary

Savers Value Village, Inc. reported that director Duane C. Woods resigned from the Board and two committees effective August 25, 2025; the company stated the resignation was not due to any disagreement with the company or the Board. The Board appointed Brian Ames to fill the Class III director vacancy, with a term expiring at the 2026 annual meeting. Mr. Ames was also appointed to the Nominating, Governance & Sustainability Committee. His background includes leadership roles in consumer tech, gaming, media, climate tech and venture capital, including former Managing Director at Anthos Capital and prior presidency at Activision Blizzard Media. The Board determined Mr. Ames is independent under NYSE and Exchange Act standards. No related-party transactions were disclosed and Mr. Ames will enter the company’s standard director indemnification agreement.

Positive

• Board vacancy filled promptly by appointment of Brian Ames, avoiding a prolonged vacancy
• New director brings relevant industry experience in consumer tech, gaming, media, climate tech and venture capital
• Board determined the appointee is independent under NYSE and Exchange Act standards
• No related-party transactions disclosed, reducing potential conflict-of-interest concerns

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine board change; appointment brings tech and consumer experience, likely neutral to modestly positive for strategic oversight.

The resignation of an existing director with no disagreement disclosed limits governance risk concerns. The Board’s swift appointment of Brian Ames fills the Class III seat through the 2026 annual meeting, avoiding a prolonged vacancy. Mr. Ames’ background in consumer technology, gaming, media and venture capital could broaden the Board’s expertise in digital strategy and monetization, potentially informing growth initiatives. The independence determination and lack of reportable transactions reduce immediate conflict-of-interest issues. Overall, this is a governance update with limited direct financial impact in the near term.

Corporate Governance Expert

TL;DR: Director turnover appears orderly; new director meets independence standards and adds industry-relevant expertise to the board.

The filing documents an orderly transition: a voluntary resignation without dispute and an interim appointment recommended by the Nominating Committee. Mr. Ames’ acceptance of the standard indemnification agreement and the Board’s affirmative independence determination are consistent with good governance practices for a listed company. No related-party transactions or familial ties were reported, which simplifies regulatory disclosure obligations. This is a routine, low-risk governance development that strengthens board skillsets without raising immediate compliance concerns.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 25, 2025

___________________________________

Savers Value Village, Inc.

(Exact name of Registrant as specified in its charter)

___________________________________

Delaware (State of Incorporation)			001-41733 (Commission File Number)			83-4165683 (I.R.S. Employer Identification Number)
11400 S.E. 6th Street, Suite 125 Bellevue, WA 98004
(Address of principal executive offices and zip code)
(425) 462-1515
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common stock, par value $0.000001			SVV			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 25, 2025, Duane C. Woods, a member of the Board of Directors (the “Board”) of Savers Value Village, Inc. (the “Company”), resigned from the Board, the Nominating, Governance & Sustainability Committee of the Board (the “Nominating Committee”) and the Compensation Committee of the Board (the “Compensation Committee”), effective immediately. Mr. Woods’ departure is not due to any disagreement with the Company or the Board on any matter relating to the operations, policies or practices of the Company.

On August 25, 2025, upon the recommendation of the Nominating, Governance and Sustainability Committee of the Board, the Board appointed Mr. Brian Ames to fill the Board vacancy created by Mr. Woods’ resignation. Mr. Ames will serve as a Class III director of the Company for a term expiring on the date of the Company’s annual meeting of stockholders to be held in 2026, until his successor is duly elected and qualified or until his earlier death, resignation or removal. Upon the recommendation of the Nominating Committee, the Board also appointed Mr. Ames to the Nominating Committee.

Mr. Ames brings to the Board strategic expertise and extensive experience across consumer tech, gaming, media, climate tech, and venture capital. Mr. Ames is a Former Managing Director at Anthos Capital, a firm that invests in emerging consumer and technology companies. Prior to joining Anthos Capital in 2021, Mr. Ames was the President of Activision Blizzard Media, a leading platform gaming company, where he contributed in building the global advertising and technology business. Mr. Ames currently serves on the board of directors for the parent entities of VRChat, Breakthrough Energy Ventures and MoldCo. Mr. Ames previously served on the board of directors for The Coffee Bean & Tea Leaf between 2016 and 2017. Mr. Ames holds a B.S. from the Massachusetts Institute of Technology in Brain & Cognitive Sciences and an M.B.A. from Stanford Graduate School of Business.

The Board has affirmatively determined that Mr. Ames is an independent director pursuant to the listing standards of the New York Stock Exchange and those independence requirements established by the laws, rules and regulations issued pursuant to the Securities Exchange Act of 1934, as amended. There are no transactions between Mr. Ames and the Company that would require disclosure under Item 404(a) of Regulation S-K. Mr. Ames does not have any family relationships with any executive officer or director of the Company. Mr. Ames will enter into the Company’s standard form indemnification agreement for directors and officers. For a description of the Company’s standard form indemnification agreements, see the sections titled “Description of Capital Stock-Limitations of Liability, Indemnification and Advancement” and “Certain Relationships and Related Party Transactions-Indemnification of officers and directors” as set forth in the Company’s prospectus as filed with the U.S. Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act of 1933, as amended, on June 30, 2023.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						SAVERS VALUE VILLAGE, INC.
Date:			August 25, 2025			By:			/s/ Richard Medway
						Name:			Richard Medway
						Title:			General Counsel, Chief Compliance & Sustainability Officer and Secretary

FAQ

Why did director Duane C. Woods resign from Savers Value Village (SVV)?

The filing states Mr. Woods resigned effective August 25, 2025, and that his departure was not due to any disagreement with the company or the Board.

Who was appointed to the Board of Savers Value Village (SVV) and what is the term?

Brian Ames was appointed as a Class III director, serving until the company’s 2026 annual meeting or until his successor is elected and qualified.

Is the new director independent under exchange standards?

Yes. The Board affirmatively determined Mr. Ames is independent pursuant to NYSE listing standards and Exchange Act requirements.

Does Brian Ames have any related-party transactions with SVV?

No. The filing states there are no transactions between Mr. Ames and the company that would require disclosure under Item 404(a) of Regulation S-K.

Will the new director receive indemnification from the company?

Yes. Mr. Ames will enter into the company’s standard form indemnification agreement for directors and officers.