Christian Sedor
About Christian Sedor
Arhaus appointed Christian Sedor (age 42) as Chief Accounting Officer (CAO) on January 8, 2025, after serving as VP & Controller since April 2024 and holding prior roles in SEC reporting and accounting since June 2021; previously he was a Director in PwC’s Assurance practice . As CAO, he executed Sarbanes-Oxley 302/906 certifications for Arhaus’s FY2024 10-K and Q1 2025 10-Q as Acting Principal Financial Officer and Principal Accounting Officer, and he is listed as CAO on subsequent filings, underscoring his responsibility for financial reporting and controls . Company performance context during his finance leadership tenure: FY2024 net revenue $1,271 million, net income $69 million, and Adjusted EBITDA $133 million; the pay-versus-performance table shows TSR index 75.97 for 2024 versus 92.58 (2023) and 76.17 (2022) .
Company performance (context)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Net Revenue ($mm) | $1,287.7 | $1,287.7 | $1,271.1 |
| Net Income ($mm) | $137 | $125 | $69 |
| Adjusted EBITDA ($mm) | $223 | $203 | $133 |
| TSR index (initial $100) | 76.17 | 92.58 | 75.97 |
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Arhaus, Inc. | Chief Accounting Officer | Jan 2025–present | Principal Accounting Officer; led certifications and financial reporting oversight |
| Arhaus, Inc. | VP & Controller | Apr 2024–Jan 2025 | Led controllership amid FY2024 close and reporting |
| Arhaus, Inc. | Director of SEC Reporting; Sr. Director SEC Reporting & Compliance; VP of Accounting | Jun 2021–Apr 2024 | Built and scaled reporting/compliance post-IPO |
| PricewaterhouseCoopers LLP | Director (Assurance) | Pre-2021–Jun 2021 | Led assurance engagements; technical accounting experience |
External Roles
- No public-company board roles or external directorships disclosed in company filings .
Fixed Compensation
| Component | Detail | Source |
|---|---|---|
| Base salary (2025) | $310,000 | |
| Annual cash incentive target (2025) | 30% of base salary; payout determined by Compensation Committee based on performance goals |
Performance Compensation
- Arhaus’s executive incentive design (context for CAO plan eligibility):
- Annual Incentive Plan (AIP) for 2024 (for named executive officers) used two metrics: Adjusted EBITDA (before bonus) and demand; threshold payout 25% of target, maximum 200%; for 2024, demand achieved at target but Adjusted EBITDA below threshold, resulting in no AIP payout .
- Long-term equity plan utilizes RSUs (time-based, vesting in 1/3 annual tranches) and PSUs with a three-year performance period; 2024 PSU grants measured 50% on cumulative demand revenue and 50% on cumulative adjusted EBITDA (0–200% payout) with vesting at period end after Compensation Committee certification .
- 2022–2024 PSU cycle paid at 110.27% of target based on three-year performance (demand revenue at 102.14% and adjusted EBITDA at 103% of target) for named executive officers .
| Incentive type | Metric | Weighting | Target | Actual/Payout | Vesting mechanics |
|---|---|---|---|---|---|
| AIP (2024 NEOs) | Adjusted EBITDA (pre-bonus); Demand | Not stated | Threshold 25% / Max 200% of target | Demand at target; EBITDA below threshold; no payout | Cash bonus for year; paid following year |
| PSUs (2024–2026 cycle) | Cumulative demand revenue; Cumulative adjusted EBITDA | 50% / 50% | 0–200% payout vs targets | To be certified after 12/31/2026 | Cliff vest at end of 3-year period post-Committee certification |
| RSUs | Time-based | — | — | — | Vest 1/3 on each of first three anniversaries |
Note: Mr. Sedor’s 2025 award metrics/thresholds and any equity grant sizes were not disclosed; only eligibility and targets are provided in the appointment 8-K .
Equity Ownership & Alignment
- Beneficial ownership: Mr. Sedor is not listed individually in the 2025 proxy’s beneficial ownership table (lists directors and named executive officers); executive officers and directors as a group held 2,034,101 Class A shares (1.45%) and 87,115,600 Class B shares (61.95%) as of March 17, 2025 .
- Hedging/pledging policy: Arhaus prohibits Designated Persons from hedging Company securities and prohibits directors and executive officers from holding Company securities in margin accounts or pledging as collateral; pre-clearance and quarterly blackout windows apply, with four regular blackout periods each year .
- Reporting/controls: Management disclosed that as of September 30, 2025, disclosure controls and procedures were not effective at the reasonable assurance level due to material weaknesses, though financial statements were prepared in accordance with U.S. GAAP .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Appointment date | January 8, 2025 (CAO) | |
| In-company tenure | Joined June 2021; VP & Controller from April 2024 | |
| Prior experience | PwC Assurance Director | |
| Incentive eligibility | Eligible for annual cash incentives and long-term equity awards per Compensation Committee | |
| Severance/CoC | No individual severance terms disclosed for CAO; for context, NEOs (except CEO) have 6 months base salary + 6 months COBRA upon termination without cause; RSUs/PSUs have change-in-control acceleration protections if not assumed or upon qualifying terminations (company-wide plan terms) . |
Investment Implications
- Alignment and incentives: Base salary ($310k) with a 30% bonus target plus eligibility for multi-year equity (RSUs/PSUs) ties compensation to profitability (Adjusted EBITDA) and demand drivers used in plan design, supporting pay-for-performance alignment; company policy restricting hedging/pledging and enforcing trading blackouts reduces misalignment and near-term selling pressure risk .
- Retention and execution risk: Recent finance leadership transitions (CFO change in January 2025, arrival of new CFO by mid-2025) alongside disclosed material weaknesses in internal control as of Q3 2025 elevate near-term execution risk, placing added importance on the CAO’s remediation leadership; however, management asserts financial statements conform to GAAP .
- Performance backdrop: FY2024 softness (TSR index 75.97; Adjusted EBITDA $133mm) may reduce near-term PSU realizations versus prior cycles, but the design’s multi-year nature and demand/EBITDA focus offer upside leverage if 2025 guidance ($1.36–$1.40bn revenue; $140–$150mm Adjusted EBITDA) is achieved; monitoring upcoming equity grants, internal-control remediation progress, and any future insider transaction disclosures is warranted .