Olaplex Names New Directors, CFO Gets New Contract
Ticker: OLPX · Form: 8-K · Filed: Jul 11, 2024 · CIK: 1868726
Sentiment: neutral
Topics: executive-changes, board-appointments, compensation
Related Tickers: OLPX
TL;DR
Olaplex shakes up board, gives CFO a new deal with $500K base.
AI Summary
Olaplex Holdings, Inc. announced on July 11, 2024, changes in its executive and director roles. The company appointed two new directors, Sarah M. Cash and Tiffany L. V. H. Lu, and elected a new Lead Independent Director, Robert L. Greene. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Miguel A. Gonzalez, effective July 11, 2024, which includes a base salary of $500,000 and potential for a discretionary bonus.
Why It Matters
Changes in key leadership and executive compensation can signal shifts in company strategy or financial outlook, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Executive and board changes, along with new compensation agreements, can introduce uncertainty regarding future strategy and financial performance.
Key Numbers
- $500,000 — CFO Base Salary (New employment agreement for Miguel A. Gonzalez effective July 11, 2024.)
Key Players & Entities
- Olaplex Holdings, Inc. (company) — Registrant
- Sarah M. Cash (person) — Newly appointed director
- Tiffany L. V. H. Lu (person) — Newly appointed director
- Robert L. Greene (person) — Newly elected Lead Independent Director
- Miguel A. Gonzalez (person) — Chief Financial Officer
- $500,000 (dollar_amount) — CFO's new base salary
FAQ
Who were the new directors appointed to the Olaplex Holdings, Inc. board?
Sarah M. Cash and Tiffany L. V. H. Lu were appointed as new directors.
Who was elected as the Lead Independent Director?
Robert L. Greene was elected as the Lead Independent Director.
What is the new base salary for the CFO, Miguel A. Gonzalez?
The new base salary for Miguel A. Gonzalez is $500,000.
When did the new employment agreement for the CFO become effective?
The new employment agreement for Miguel A. Gonzalez became effective on July 11, 2024.
What is the potential for a bonus for the CFO?
The CFO, Miguel A. Gonzalez, is eligible for a discretionary bonus, the amount of which is not specified but is determined by the Compensation Committee.
Filing Stats: 1,194 words · 5 min read · ~4 pages · Grade level 13.3 · Accepted 2024-07-11 08:31:31
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share OLPX Nasdaq Global Select
- $675,000 — ovides for (i) an annual base salary of $675,000; (ii) an annual bonus opportunity with
- $10,000 — goals; and (iii) reimbursement of up to $10,000 for legal fees incurred in the negotiat
- $1,500,000 — ards with values approximately equal to $1,500,000 and $500,000, respectively, on the gran
- $500,000 — s approximately equal to $1,500,000 and $500,000, respectively, on the grant date based
Filing Documents
- d625881d8k.htm (8-K) — 27KB
- 0001193125-24-177520.txt ( ) — 148KB
- olpx-20240711.xsd (EX-101.SCH) — 3KB
- olpx-20240711_lab.xml (EX-101.LAB) — 18KB
- olpx-20240711_pre.xml (EX-101.PRE) — 11KB
- d625881d8k_htm.xml (XML) — 4KB
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. Date: July 11, 2024 Olaplex Holdings, Inc. By: /s/ Amanda Baldwin Name: Amanda Baldwin Title: Chief Executive Officer