OLAPLEX HOLDINGS, INC. Files DEF 14A for Fiscal Year Ended December 31, 2023

Ticker: OLPX · Form: DEF 14A · Filed: Apr 22, 2024 · CIK: 1868726

Sentiment: neutral

Topics: OLAPLEX, DEF 14A, Executive Compensation, Equity Awards, Corporate Governance

TL;DR

<b>OLAPLEX HOLDINGS, INC. filed its annual DEF 14A, detailing executive compensation and equity awards for the fiscal year 2023.</b>

AI Summary

OLAPLEX HOLDINGS, INC. (OLPX) filed a Proxy Statement (DEF 14A) with the SEC on April 22, 2024. OLAPLEX HOLDINGS, INC. filed a DEF 14A on April 22, 2024, for the fiscal year ended December 31, 2023. The filing details executive compensation and equity awards for key personnel. Amanda Baldwin, John P. Bilbrey, and Ju EWong are listed as members with compensation data. Equity awards granted in covered years and changes in their fair value are reported. The filing includes information on vesting dates and the fair value of equity awards.

Why It Matters

For investors and stakeholders tracking OLAPLEX HOLDINGS, INC., this filing contains several important signals. This filing provides transparency into how executive compensation is structured, particularly concerning equity awards, which can influence executive decision-making and company performance. Understanding the details of equity awards, including their fair value and vesting schedules, is crucial for investors to assess potential dilution and the alignment of executive interests with shareholder value.

Risk Assessment

Risk Level: — OLAPLEX HOLDINGS, INC. shows moderate risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Review the detailed breakdown of executive compensation and equity awards to understand potential impacts on shareholder value and future company strategy.

Executive Compensation

NameTitleTotal Compensation
Amanda BaldwinMember
John P. BilbreyMember
Ju EWongMember

Key Numbers

Key Players & Entities

FAQ

When did OLAPLEX HOLDINGS, INC. file this DEF 14A?

OLAPLEX HOLDINGS, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by OLAPLEX HOLDINGS, INC. (OLPX).

Where can I read the original DEF 14A filing from OLAPLEX HOLDINGS, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by OLAPLEX HOLDINGS, INC..

What are the key takeaways from OLAPLEX HOLDINGS, INC.'s DEF 14A?

OLAPLEX HOLDINGS, INC. filed this DEF 14A on April 22, 2024. Key takeaways: OLAPLEX HOLDINGS, INC. filed a DEF 14A on April 22, 2024, for the fiscal year ended December 31, 2023.. The filing details executive compensation and equity awards for key personnel.. Amanda Baldwin, John P. Bilbrey, and Ju EWong are listed as members with compensation data..

Is OLAPLEX HOLDINGS, INC. a risky investment based on this filing?

Based on this DEF 14A, OLAPLEX HOLDINGS, INC. presents a moderate-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading OLAPLEX HOLDINGS, INC.'s DEF 14A?

Review the detailed breakdown of executive compensation and equity awards to understand potential impacts on shareholder value and future company strategy. The overall sentiment from this filing is neutral.

How does OLAPLEX HOLDINGS, INC. compare to its industry peers?

OLAPLEX HOLDINGS, INC. operates in the beauty and personal care industry, specifically focusing on hair care products.

Are there regulatory concerns for OLAPLEX HOLDINGS, INC.?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for publicly traded companies to provide information to shareholders regarding annual meetings, including executive compensation.

Industry Context

OLAPLEX HOLDINGS, INC. operates in the beauty and personal care industry, specifically focusing on hair care products.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for publicly traded companies to provide information to shareholders regarding annual meetings, including executive compensation.

What Investors Should Do

  1. Analyze the specific details of equity awards granted to named executive officers, including grant dates, vesting schedules, and fair values.
  2. Compare the compensation structure and equity awards to industry peers to assess competitiveness and potential shareholder impact.
  3. Review any changes in compensation policies or equity award practices disclosed in the filing.

Key Dates

Year-Over-Year Comparison

This is the initial DEF 14A filing for the fiscal year 2023, following the previous year's disclosures.

Filing Stats: 4,729 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-04-22 16:26:03

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 34 Beneficial Ownership 34 E QUITY COMPENSATION PLAN INFORMATION 37 TRANSACTIONS WITH RELATED PERSONS 38 Registration Rights Agreement 38 Tax Receivable Agreement 38 Arrangements with our Directors and Officers 39 Related Party Transaction Policy 39 PROPOSAL 2 ADVISORY VOTE TO APPROVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 40

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 41 Compensation Committee Report 41 3 Compensation Discussion and Analysis 41 2023 and 2024 Leadership Transition s 41 Executive Summary 42 Compensation Practices 42 E xecutive Compensation Philosophy and Objectives 42 Overview of the Role of our Compensation Committee and its Independent Compensation Consultant 43 Peer Group and Market Analyses 44 E lements of our Execu tive Compensation 45 Other Compensation Policies 49 Risk Assessment 50 Tax and Accounting Considerations 50 Compensation Tables 50 Summary Compensation Table 50 Grants of Plan-Based Awards in Fiscal Year 2023 51 Outstanding Equity Awards at 2023 Fiscal Year-End 52 Option Exercises and Stock Vested Table for Fiscal Year 2023 53 Pension Benefits 53 Nonqualified Deferred Compensation 53 Potential Payments Upon Termination or Change of Control 53 N arrative Disclosure to Compensation Tables and Potential P ay ments Upon Termination or Change o f Control 55 C hief Executive Officer Pay Ratio 57 P ay Versus Performance 57 Analysis of the Information Presented in the Pay Versus Performance Table 60 AUDIT COMMITTEE MATTERS 62 Audit Committee Report 62 Audit and Other Fees 63 PROPOSAL 3 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 63 PROPOSAL 4 AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION TO REFLECT DELAWARE LAW PROVISIONS ALLOWING OFFICER EXCULPATION AND TO REMOVE OBSOLETE PROVISIONS 64 OTHER INFORMATION 65 Stockholder Proposals for the 2025 Annual Meeting 65 Annual Report on Form 10-K 65 Stockholder Account Maintenance 65 Householding of Proxy Materials 65 Information Deemed Not Filed 65 Other Matters 66 APPENDIX A DISCLOSURE REGARDING NON-GAAP FINANCIAL MEASURE 67 APPENDIX B CERTIFICATE OF AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION OF OLAPLEX HOLDINGS, INC. 68 4 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

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