Alan Boehme
About Alan Boehme
Alan Boehme was appointed as a non-employee director of The Lovesac Company on August 27, 2025. He is a seasoned global technology and business leader with prior CIO/CTO and innovation chief roles at H&M Group, Procter & Gamble, and The Coca-Cola Company, and currently serves as Founder & President of Technology Transformation Group Inc. His expertise spans AI, cybersecurity, retail technology, and digital transformation, with a founding board role at Cloud Security Alliance and advisory roles to multiple technology companies . Tenure on the LOVE board began August 27, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| H&M Group | CIO/CTO/Innovation leader (role cited) | Not disclosed | Led large-scale technology transformations; omnichannel enablement |
| Procter & Gamble | Technology leadership (role cited) | Not disclosed | Delivered cost efficiencies; consumer engagement through advanced tech |
| The Coca-Cola Company | Technology/innovation leadership (role cited) | Not disclosed | Led digital transformation initiatives |
| Technology Transformation Group Inc. | Founder & President | Current | Advises on enterprise tech strategy, operational efficiency, innovation commercialization |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Cloud Security Alliance | Founding Board Member | Not disclosed | Cybersecurity standards and best practices |
| Multiple technology companies | Strategic Advisor | Current | AI, cybersecurity, retail tech advisory |
Board Governance
- Committee assignments: Not disclosed at appointment; Board committees are comprised solely of independent directors (Audit, Compensation, Nominating) .
- Independence and conflicts: Appointed as a non-employee director; no arrangements or related-party transactions requiring Item 404(a) disclosure were reported in connection with his appointment .
- Attendance norms: In fiscal 2025, the Board held eight meetings and no director attended fewer than 75% of applicable meetings; all then-current directors attended the 2024 Annual Meeting .
- Governance policies: Board maintains a director resignation (majority-withhold) policy and separates Chair and CEO roles (Chair: Andrew R. Heyer) .
- Compensation consultant and peer benchmarking are overseen by the Compensation Committee, with FW Cook serving as independent consultant .
Fixed Compensation
| Component | Amount | Vesting/Terms | Notes |
|---|---|---|---|
| Annual Cash Retainer | $75,000 | Paid quarterly in arrears | Director may elect RSUs in lieu of cash; RSUs vest on anniversary of grant |
| Equity Annual Grant (RSUs) | $125,000 | 50% vests at 1-year; 50% at 2-year anniversary | Specific to Boehme’s appointment grant; standard DCP annual grant is $125k RSUs vesting after one year |
| Committee Chair Retainers | Audit: $15,000; Compensation: $10,000; Nominating: $10,000 | Annual | Applicable if serving as chair; not disclosed for Boehme at appointment |
| Board Chair Retainer | $50,000 (for Chair) | Annual | Not applicable to Boehme; applies to Chair role |
| Meeting Fees | None disclosed | — | Company reimburses reasonable travel and out-of-pocket expenses |
Performance Compensation
| Instrument | Performance Metrics | Vesting | Notes |
|---|---|---|---|
| Director RSUs | None (time-based only) | As above | No director bonuses, options, or PSUs disclosed; RSU value tied to stock price via share calculation methodology |
Directors may defer settlement of Annual Grant RSUs under the 2017 Equity Plan; deferred shares are delivered within 60 days of separation from the Board or upon change-in-control as defined in the plan .
Other Directorships & Interlocks
| Company | Role | Status | Potential Interlock/Conflict |
|---|---|---|---|
| Public company boards | None disclosed | — | No public company directorships disclosed at appointment |
| Cloud Security Alliance | Founding Board Member | Current | Non-profit; governance/cyber expertise, no related-party exposure noted |
Expertise & Qualifications
- Core expertise: AI, cybersecurity, retail tech, omnichannel digital transformation, operational excellence .
- Industry experience: Consumer goods, retail, manufacturing; enterprise technology strategy and innovation commercialization .
Equity Ownership
| Item | Status | Details |
|---|---|---|
| Initial RSU Grant | Approved | $125,000 RSUs; 50/50 vest over one and two years |
| Shares Owned (Beneficial) | Not disclosed | Initial grant share count determined by average closing price over 30 days prior to grant (per DCP methodology) |
| Pledging/Hedging | Prohibited (with limited approvals) | Directors and NEOs prohibited from short-term trading, short selling, buying/selling puts/calls, hedging, or pledging without prior Board approval |
| Ownership Guidelines | Required | Non-employee directors must own at least 3× annual cash retainer within 5 years of joining the Board |
| Deferral Elections | Available | RSU settlement may be deferred under 2017 Equity Plan; delivery at separation or change-in-control |
Governance Assessment
- Positives: Appointment brings deep digital/technology expertise aligned with Lovesac’s omni-channel and innovation strategy; no related-party transactions reported at appointment; robust insider trading/anti-hedging/anti-pledging policies; director resignation policy strengthens accountability .
- Watch items: Committee assignments and attendance for Boehme not yet disclosed; ownership alignment will depend on RSU accumulation and compliance with 3× retainer guideline over 5 years; monitor for any future advisory relationships that could create perceived conflicts .
- Compensation structure: Standard non-employee director mix (cash retainer + time-based RSUs) with no performance-linked metrics; equity deferral feature supports long-term alignment without introducing complex performance hurdles .
RED FLAGS: None disclosed at appointment; specifically, no Item 404(a) related-party transactions and no option repricings or director-specific tax gross-ups reported .