Business Context and Reporting Period
This Form 8-K Current Report was filed by Xponential Fitness, Inc. on November 16, 2024. The filing discloses corporate governance changes, specifically the appointment of a new director to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the election and appointment of Bruce Haase as a member of the Board of Directors and the Human Capital Management Committee, effective November 16, 2024.
Management Commentary and Compensation
Mr. Haase, age 63, brings significant industry experience, having previously served as CEO of Extended Stay America, Inc., chairman and majority shareholder of HomeWell Franchising, Inc., and CEO of WoodSpring Suites. His compensation package includes:
- Annual cash retainer: $80,000
- Annual RSU award: $110,000
- Annual cash fee for Human Capital Management Committee service: $10,000
Mr. Haase is also expected to enter into a standard director indemnification agreement.
Investor Verification Checklist
- Confirm the effective date of Mr. Haase's board appointment (November 16, 2024).
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Verify the total annual compensation value for the new director ($190,000).
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.