Anna Lieb
About Anna Lieb
Anna A. Lieb, 41, serves as Principal Financial and Accounting Officer; Secretary of HG Holdings, Inc. (STLY). She joined the company in September 2023 as Controller of HG Managing Agency, LLC and was appointed PFAO; Secretary effective May 31, 2024. She has 16+ years of finance and accounting experience in the insurance industry, previously at SiriusPoint Ltd. (Financial Controller and VP of SEC Reporting), Marsh & McLennan Companies, Inc. (Accounting Advisory and Policy Manager), and KPMG LLP (Audit Manager) . Company performance during her period of senior financial leadership included Total Shareholder Return falling from $59.57 in 2022 to $53.11 in 2023 and $40.43 in 2024, and net income of $3.659M in 2022 vs. losses of $(953)k in 2023 and $(249)k in 2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| SiriusPoint Ltd. | Financial Controller; Vice President of SEC Reporting | Mar 2019 – Aug 2023 | Led SEC reporting and financial control for a global insurer/reinsurer . |
| Marsh & McLennan Companies, Inc. | Accounting Advisory and Policy Manager | Nov 2013 – Mar 2019 | Accounting policy and advisory work for a global professional services firm . |
| KPMG LLP | Audit Manager | Not disclosed | Audit management experience; foundation in external audit and controls . |
Fixed Compensation
| Year | Base Salary ($) | Target Bonus % | Actual Bonus ($) | Notes |
|---|---|---|---|---|
| 2024 | 275,000 | Not disclosed | 61,000 | Includes a $25,000 cash retention bonus; salary increased to $300,000 effective May 31, 2024 . |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout ($) | Vesting Terms |
|---|---|---|---|---|---|---|
| Annual Cash Bonus | Not disclosed | Not disclosed | Not disclosed | Not disclosed | 36,000 (ex-retention) | Not disclosed . |
| Retention Bonus | Retention | Not disclosed | Not disclosed | Not disclosed | 25,000 | Cash; paid in 2024 . |
| Long-term equity (RSUs/PSUs) | None | — | — | — | — | No equity awards granted in 2024; no outstanding equity at year-end . |
Equity Ownership & Alignment
| As of Date | Shares Beneficially Owned | % of Shares Outstanding | Vested vs. Unvested Shares | Options (Exercisable/Unexercisable) | Shares Pledged |
|---|---|---|---|---|---|
| Mar 18, 2025 | — | — | Not applicable (no awards) | None/None | Not disclosed . |
| May 12, 2025 | — | — | Not applicable (no awards) | None/None | Not disclosed . |
- Stock ownership guidelines and compliance status are not disclosed .
- Company has not adopted an anti-hedging policy and states it has not adopted practices or policies regarding hedging or offsetting of company stock value by employees or directors, which is a governance red flag .
Employment Terms
| Role | Appointment Date | Contract Term | Severance (Salary+Bonus Multiple) | Change-of-Control Terms | Trigger (Single/Double) | Accelerated Vesting | Clawbacks | Non-Compete/Non-Solicit | Notes |
|---|---|---|---|---|---|---|---|---|---|
| PFAO; Secretary | May 31, 2024 | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not applicable (no outstanding equity) | Insider trading and code of ethics policies in place; clawback specifics not disclosed | Not disclosed | Appointment and responsibilities disclosed; detailed employment agreement terms not disclosed . |
Performance & Track Record
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Value of $100 Investment (TSR) ($) | 59.57 | 53.11 | 40.43 |
| Company Reported Net (Loss) Income ($) | 3,659,000 | (953,000) | (249,000) |
Additional operating trends:
- Total revenue: $11.108M (2023) → $11.513M (2024) .
- Segment mix (2024): Net title premium written $6.009M; Escrow/other title fees $2.501M; Management fees $3.003M .
- Internal control and disclosure certifications signed by Lieb for FY 2024 10-K and 2025 Q2/Q3 10-Qs, underscoring accountability for financial reporting and controls .
Compensation Committee & Governance Notes
- Compensation and Benefits Committee: Independent directors Peter M. Sherman (Chair) and Jeffrey S. Gilliam; met four times in 2024 .
- Executive compensation program for 2024 comprised salary and cash bonus; no long-term equity grants to named executive officers .
- Say-on-pay (2024 annual meeting for FY 2023 compensation): ~99.5% approval; committee considered stockholder feedback in setting 2024 compensation .
Investment Implications
- Pay-for-performance alignment: Cash-heavy compensation with a retention bonus and no equity grants or outstanding awards diminishes long-term alignment; absence of ownership and lack of anti-hedging restrictions add alignment risk .
- Insider selling pressure: With no beneficial ownership and no equity awards, near-term selling pressure tied to vesting is minimal; monitor future grants or Form 4 activity given evolving capital structure .
- Retention risk: The explicit retention bonus suggests retention was a focus; lack of disclosed severance/change-of-control protections and cash-oriented package could leave retention sensitive to external offers; watch future proxy/8-K 5.02 updates for contract terms .
- Execution risk: As PFAO; Secretary, Lieb’s continued certifications across 10-K/10-Qs indicate responsibility for controls during a period with modest revenue growth and persistent net losses, reinforcing the importance of financial discipline and segment strategy execution .