SALLY BEAUTY HOLDINGS, INC. (NYSE:SBH) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operation and Financial Condition.
On October 16, 2018, Sally Beauty Holdings, Inc. (the “Company”) issued the news release attached hereto as Exhibit 99.1 reporting, among other things, selected preliminary fiscal fourth quarter financial information for the Sally Beauty segment.
Item 5.02Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On October 16, 2018, the Company also announced that Carrie S. McDermott has resigned from her position as President of Sally Beauty Supply LLC, effective October12, 2018.
In connection with Ms. McDermott’s resignation, the Company has appointed Aaron E. Alt, the Company’s Senior Vice President, Chief Financial Officer and Chief Administrative Officer, to serve as President of Sally Beauty Supply LLC.
In connection with such appointment, Mr. Alt’s base salary was increased from $600,000 to $700,000, and his target bonus opportunity, as a percentage of base salary, was increased from 60% to 80%.
Item 9.01Financial Statement and Exhibits
(d)
All of the information furnished in Item 2.02 of this report and the accompanying exhibit shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, unless expressly incorporated by reference therein.
Sally Beauty Holdings, Inc. ExhibitEX-99.1 2 sbh-ex991_6.htm EX-99.1 sbh-ex991_6.htm Exhibit 99.1 Contact: Jeff Harkins Investor Relations 940-297-3877 Sally Beauty Holdings,…To view the full exhibit click here
About SALLY BEAUTY HOLDINGS, INC. (NYSE:SBH)
Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America. BSG, including its franchise-based business Armstrong McCall, is a full service beauty supply distributor, which offers professional brands of beauty products directly to salons and salon professionals through its own sales force and professional-only stores (including franchise stores) in partially exclusive geographical territories in North America and parts of Europe.
