Business Context and Reporting Period
This Form 8-K Current Report was filed by Savers Value Village, Inc. on August 25, 2025. The filing addresses corporate governance changes, specifically the resignation of a director and the appointment of a new director to the Board.
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 changes and does not contain financial performance data.
Material Changes
- Resignation: Duane C. Woods resigned from the Board of Directors, the Nominating, Governance & Sustainability Committee, and the Compensation Committee effective immediately on August 25, 2025.
- Reason for Departure: The resignation is not due to any disagreement with the Company or the Board regarding operations, policies, or practices.
- Appointment: Brian Ames was appointed to fill the vacancy created by Mr. Woods' resignation. He serves as a Class III director with a term expiring at the 2026 annual meeting.
- Committee Assignment: Mr. Ames was appointed to the Nominating, Governance & Sustainability Committee.
Outlook, Risks, and Management Commentary
The Board determined that Mr. Ames is an independent director under NYSE listing standards. Mr. Ames brings strategic expertise in consumer tech, gaming, media, climate tech, and venture capital. His background includes roles as a Former Managing Director at Anthos Capital and President of Activision Blizzard Media. There are no disclosed transactions between Mr. Ames and the Company requiring disclosure under Item 404(a) of Regulation S-K, and he has no family relationships with executive officers or directors. He will enter into the Company's standard form indemnification agreement.
Key Facts for Investor Verification
- Confirm the effective date of Duane C. Woods' resignation (August 25, 2025).
- Verify Brian Ames' independence status and lack of conflicting relationships with the Company.
- Note that Mr. Ames' director term expires at the 2026 annual meeting of stockholders.
- Review the Company's standard form indemnification agreement referenced in the filing.