European Wax Center adopts change-in-control severance plan for CEO and CFO; amends bylaws for universal proxy rules

European Wax Center, Inc.

Board approved Severance Plan for CEO David P. Berg and CFO/COO David L. Willis, with enhanced benefits upon change in control (2.5x salary+bonus for CEO, 2x for CFO).
Severance Plan provides base salary continuation (18 months CEO, 12 months CFO) for non-CIC terminations; full equity vesting on CIC termination.
Executives waived severance rights under prior employment agreements via Severance Waiver.
Bylaws amended to incorporate SEC universal proxy Rule 14a-19, reserve white proxy card for company, and update DGCL provisions.
Amendments effective February 22, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

European Wax Center, Inc.: Amended and restated by-laws to update advance notice provisions for universal proxy rules and conform to DGCL requirements regarding adjourned meetings and stockholder lists (effective 2023-02-22).

Change: bylaw amendment
Effective: 2023-02-22

Exact text from the filing

On February 22, 2023, the Board of the Company approved the Company’s Second Amended and Restated By-Laws (as so amended and restated, the “Amended By-Laws”), effective as of such date.

View on SEC.gov

28 governance changes filed in the last 30 days. Browse all governance changes →

European Wax Center, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-004374

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.