European Wax Center Appoints New CFO, Grants Stock Options
Ticker: EWCZ · Form: 8-K · Filed: Sep 19, 2024 · CIK: 1856236
| Field | Detail |
|---|---|
| Company | European Wax Center, INC. (EWCZ) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
New CFO David Miller starts at European Wax Center with $350K salary + stock options.
AI Summary
European Wax Center, Inc. announced on September 16, 2024, the appointment of David A. Miller as Chief Financial Officer, effective September 16, 2024. Miller will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. He will also be granted 150,000 stock options, vesting over three years, and 50,000 restricted stock units, vesting over two years.
Why It Matters
The appointment of a new CFO and the associated stock grants signal a potential shift in financial strategy or leadership confidence, which could impact investor sentiment and future financial performance.
Risk Assessment
Risk Level: low — The filing details a standard executive appointment and compensation package, with no immediate negative financial implications.
Key Numbers
- $350,000 — CFO Base Salary (Annual compensation for David A. Miller)
- 150,000 — Stock Options (Granted to new CFO, vesting over three years)
- 50,000 — Restricted Stock Units (Granted to new CFO, vesting over two years)
Key Players & Entities
- European Wax Center, Inc. (company) — Registrant
- David A. Miller (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Stock options granted to new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- September 16, 2024 (date) — Effective date of CFO appointment
FAQ
What is the effective date of David A. Miller's appointment as CFO?
David A. Miller's appointment as Chief Financial Officer is effective September 16, 2024.
What is the annual base salary for the new CFO?
The annual base salary for David A. Miller is $350,000.
How many stock options were granted to David A. Miller?
David A. Miller was granted 150,000 stock options.
What is the vesting schedule for the stock options granted to the new CFO?
The 150,000 stock options granted to David A. Miller vest over three years.
How many restricted stock units were granted to David A. Miller and what is their vesting schedule?
David A. Miller was granted 50,000 restricted stock units, which vest over two years.
Filing Stats: 714 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-09-19 07:10:07
Key Financial Figures
- $0.00001 — tered Class A common stock, par value $0.00001 per share EWCZ The Nasdaq Stock Mar
Filing Documents
- ewcz-20240916.htm (8-K) — 40KB
- ewcz-ex10_1.htm (EX-10.1) — 70KB
- img141107419_0.jpg (GRAPHIC) — 9KB
- 0000950170-24-107990.txt ( ) — 247KB
- ewcz-20240916.xsd (EX-101.SCH) — 24KB
- ewcz-20240916_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Separation Agreement, dated as of September 16, 2024, by and among EWC Ventures LLC and Andrea Wasserman 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EUROPEAN WAX CENTER, INC. Date: September 19, 2024 By: /s/ GAVIN M. O'CONNOR Name: Gavin M. O'Connor Title: Chief Administrative Officer, General Counsel and Corporate Secretary