Scott Hsu
About Scott Hsu
Sheng-Kai (Scott) Hsu, age 44, has served as Chief Financial Officer (principal accounting and financial officer) of Armlogi Holding Corp. (BTOC) since January 13, 2025, after joining the company as accounting lead in July 2024; he holds a B.S. in Finance (Yuan-Ze University, 2005) and an M.S. in Finance (Johns Hopkins University, 2014), and is a CPA (since 2023) and CMA (since 2020) . Under his initial year of financial leadership, Armlogi reported FY2025 revenue of $190.4 million (+14% y/y), a net loss of $15.3 million ($0.37 per share), and ended the year with $13.6 million in cash, cash equivalents, and restricted cash, amid cost pressures tied to network expansion and freight costs .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Armlogi Holding Corp. | Accounting Lead | Jul 2024–Jan 2025 | Brought financial management expertise from manufacturing/wholesale sectors to strengthen reporting processes . |
| PARPRO Technologies Inc. | Finance Controller (North America) | Jul 2023–Jun 2024 | Managed finance teams across U.S./Mexico; ensured compliance with U.S. GAAP and international standards . |
| Absen Inc. | Accounting Lead | Aug 2019–Apr 2022 | Enhanced financial processes and systems . |
| BENQ Latin America Corp. | Finance role (title not specified) | Not disclosed | Prior experience contributing to process improvements (dates not disclosed) . |
External Roles
| Type | Organization | Role | Years | Notes |
|---|---|---|---|---|
| Public company boards | — | — | — | No external directorships disclosed in BTOC’s 2025 Proxy or Hsu’s 8-K appointment materials . |
Fixed Compensation
Employment Agreement (effective Jan 13, 2025)
- Base salary: $190,000 per year; at-will employment; remote work permitted; standard employee benefits; business expense reimbursement per policy .
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Salary ($) | — | 155,613 |
| Bonus ($) | — | — |
| Stock Awards ($) | — | — |
| Option Awards ($) | — | — |
| Non-Equity Incentive Plan Comp ($) | — | — |
| All Other Comp ($) | — | — |
Key agreement termination mechanics
- Company termination without cause: 15 days’ prior written notice; with cause: 2 days’ prior written notice (cause defined to include willful malfeasance, misrepresentation, or willful breach) .
- No severance multiple, change-in-control, tax gross-up, or non-compete provisions disclosed in the agreement .
- Separate indemnification agreement executed Jan 13, 2025 .
Performance Compensation
Annual/short-term incentives
- No target bonus percentage, performance metrics, or payouts disclosed for Hsu in FY2025; Summary Compensation Table shows no bonus or non-equity incentive plan compensation .
Long-term equity incentives
- Outstanding equity awards at FY2025 year-end: None for named executive officers (no RSUs/PSUs/options outstanding), implying no vesting schedules outstanding for Hsu .
- Summary Compensation Table shows no stock or option award grant values for Hsu in FY2025 .
Clawback and policies
- Company has a compensation recovery (clawback) policy effective January 10, 2024, compliant with SEC Rule 10D-1/Nasdaq; recoups excess incentive-based pay from executive officers over prior 3 fiscal years upon material restatement .
- SOX 304 forfeiture risk applies to CEO/CFO upon restatements due to misconduct .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (as of Oct 27, 2025) | No shares reported for Hsu in the Security Ownership table (45,443,079 shares outstanding) . |
| Vested vs. unvested shares | Not applicable; no outstanding equity awards disclosed . |
| Options (exercisable/unexercisable) | None disclosed . |
| Shares pledged as collateral | No pledging disclosure identified; anti-hedging policy prohibits hedging/short sales/publicly traded options . |
| Stock ownership guidelines | No executive stock ownership guidelines disclosed . |
| Trading/insider policy highlights | Insider Trading Policy prohibits hedging/monetization transactions and short-term/speculative trading in company securities . |
Employment Terms
| Term | Provision |
|---|---|
| Start date as CFO | January 13, 2025 . |
| Base salary | $190,000 per year . |
| Term | At-will; no fixed term . |
| Termination by Company | Without cause: 15 days’ notice; With cause: 2 days’ notice (cause defined) . |
| Benefits | Health insurance, vacation, sick leave per company plans; expense reimbursement per policy . |
| Work location | Remote permitted . |
| Severance | No severance multiple/change-in-control benefits disclosed . |
| Indemnification | Indemnification agreement dated Jan 13, 2025 . |
| Related party transactions | None with Hsu requiring Item 404(a) disclosure, per appointment 8-K . |
Performance Context (Company, FY2025)
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Revenue ($M) | 167.0 | 190.4 |
| YoY revenue growth | — | 14% |
| Gross profit (loss) ($M) | — | (3.0) |
| Net income (loss) ($M) | — | (15.3) |
| Cash, cash eq., restricted cash ($M) | — | 13.6 |
| Customers (active) | — | 505 |
Notes: Hsu became CFO mid-year (Jan 2025) and delivered the FY2025 financial commentary; costs tied to freight, labor, rental, and warehouse expansion pressured margins while the warehouse footprint grew to 10 locations .
Investment Implications
- Alignment and selling pressure: With no reported equity holdings and no outstanding equity awards at FY2025 year-end, Hsu currently has limited direct equity alignment and minimal mechanical insider selling pressure from vesting events; this may reduce “forced selling” risk but weakens pay-for-performance linkage unless future equity is granted .
- Cash-heavy, at-will contract with limited protections: Compensation is primarily fixed cash ($190k base), at-will, and without severance or change-of-control economics—cost-effective for shareholders but potentially elevates retention risk for a key control function if equity incentives are not introduced as the company scales .
- Governance and recourse: A compliant clawback policy and SOX 304 exposure for the CFO strengthen accountability around financial results quality; combined with anti-hedging restrictions, these are shareholder-friendly, reducing risk of misaligned pay outcomes .
- Execution backdrop: FY2025 saw double-digit revenue growth but a net loss due to cost inflation and expansion; the near-term signal is operating leverage and cost discipline will be critical under Hsu’s financial stewardship to improve margins and cash flow as the 10-warehouse network is utilized .
Sources: 2025 Proxy (DEF 14A) ; 8-K (Jan 15, 2025) and exhibits (Employment/Indemnification) ; Q4 FY2025 earnings call transcript ; CFO SOX certifications .