Cabell H. Lolmaugh

Chief Executive Officer and President at TILE SHOP HOLDINGS

Board

Since January 1, 2019

Age

45 years

Tenure

Joined TTSH in 2001 and advanced through various roles—including store-level responsibilities, Director of Pro Services, Director-Talent Development, Vice President of Retail Stores, and Senior Vice President and COO—before becoming CEO and President on January 1, 2019.

Also at TILE SHOP HOLDINGS

Joseph Kinder

Senior Vice President, Chief Merchant Officer

MBD

Mark B. Davis

Senior Vice President, Chief Financial Officer, and Secretary

About

Cabell H. Lolmaugh is the Chief Executive Officer and President of TTSH, bringing a disciplined approach to leadership, which is further underscored by his service in the United States Marine Corps.

He began his career at TTSH in 2001, steadily rising from hands-on, store-level roles to assume key leadership positions that have shaped the company’s operational and strategic direction.

His progression through roles such as Director of Pro Services, Director-Talent Development, Vice President of Retail Stores, and Senior Vice President and COO culminated in his appointment as CEO and President on January 1, 2019. As of April 22, 2024, he is 45 years old.

$TTSH Performance Under Cabell H. Lolmaugh

Past Roles

Organization	Role	Date Range	Details
Tile Shop Holdings, Inc. (TTSH)	Senior Vice President and Chief Operating Officer	Feb 2018 - Dec 2018	Held position prior to promotion to CEO
Tile Shop Holdings, Inc. (TTSH)	Vice President, Retail Stores	Oct 2017 - Feb 2018	Served in retail leadership role
Tile Shop Holdings, Inc. (TTSH)	Director-Talent Development	Jan 2016 - Oct 2017	Led store training programs and strategy
Tile Shop Holdings, Inc. (TTSH)	Director of Pro Services	Jul 2014 - Jan 2016	Led professional customer strategy
Tile Shop Holdings, Inc. (TTSH)	Various Store-Level Roles	2001 - Jul 2014	Held numerous key store-level roles
United States Marine Corps	Service Member	Pre-TTSH	Served before joining TTSH

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$424,360	Annual	Base salary for fiscal year 2024
Bonus	$0	Annual	No bonus was awarded
Stock Awards	$301,737	As granted during fiscal year 2024	Fair value computed following FASB ASC Topic 718
Option Awards	$0	Annual	No option awards granted
All Other Compensation	$7,022	Annual	Represents employer 401(k) contributions

Performance Compensation

Data from FY 2024

Performance Compensation Components

Component	Details	Citation
Performance Metric	Adjusted EBITDA
Threshold for Partial Payment	90% of the Adjusted EBITDA performance target
Maximum Incentive Payment	115% of target, enabling up to 175% of the incentive amount
Cash Incentive Target	75% of year-end base salary
Grant Date	March 4, 2024
Stock Awards Grant	15,125 shares of time-based RS and 30,249 shares of performance-based RS
Vesting Schedule (Time-Based)	Vests in three equal annual installments based on continued service
Vesting Schedule (Performance-Based)	30% vests on filing the 2024 annual report, 30% on filing the 2025 report, and 40% on filing the 2026 report, contingent on adjusted ROCE targets of 12%, 14%, and 15% respectively