The Lovesac Company Appoints Andrew Farag as CFO and Announces Keith Siegner's Departure

The Lovesac Company has announced a key change in its executive leadership. Andrew Farag has been appointed as the new Executive Vice President, Chief Financial Officer, and Treasurer, effective June 15, 2026. Mr. Farag brings extensive experience from his previous roles, including Managing Director at Riveron and Ankura Consulting Group, where he served as interim CFO and controller for the Company. His compensation package includes a base salary of $560,000, eligibility for an annual cash incentive, and significant restricted stock unit grants totaling approximately $1,241,000, along with a $255,000 signing bonus. Concurrently, Keith Siegner will resign from his positions as CFO and Treasurer, effective June 15, 2026, transitioning to a non-executive role until June 22, 2026. Mr. Siegner's departure is not attributed to any financial or operational disagreements. He will receive a separation package including 12 months of base salary continuation, accelerated vesting of certain equity awards, and subsidized COBRA benefits.