secwatch / observer
8-K filed August 9, 2023, 7:59 PM ET ticker EWCZ CIK 0001856236
leadership confidence high sentiment neutral materiality 0.90

European Wax Center announces CEO succession: David Willis to succeed David Berg effective Sept 30, 2023

European Wax Center, Inc.

item 2.02item 5.02item 7.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

David Berg

Executive Chair
EWCZ · European Wax Center, Inc.
Effective
2023-09-30
Successor
David Willis
Filed
August 9, 2023, 7:59 PM ET
As of such date, Mr. Berg will remain an employee of the Company and will assume the position of Executive Chair of the Company’s Board of Directors (the “Board”).
Appointed

David Willis

Class I director
EWCZ · European Wax Center, Inc.
Effective
2023-09-30
Filed
August 9, 2023, 7:59 PM ET
the Board appointed Mr. Willis as a member of the Board as a Class I director, effective September 30, 2023.
Role change

David Willis

Chief Executive Officer
EWCZ · European Wax Center, Inc.
Effective
2023-09-30
Filed
August 9, 2023, 7:59 PM ET
David Willis, who has served the Company as President and Chief Operating Officer, will assume the role of Chief Executive Officer effective as of September 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

European Wax Center, Inc. reported second quarter fiscal 2023 results: revenue Total revenue of $59.1 million increased 10.7%, net income Net income of $5.6 million increased 175.4%.

Period
second quarter fiscal 2023
Revenue
Total revenue of $59.1 million increased 10.7%
Net income
Net income of $5.6 million increased 175.4%
Result
reported results
Exact text from the filing
European Wax Center, Inc. Reports Second Quarter Fiscal Year 2023 Results Achieves milestone 1000 th center opening Reiterates fiscal 2023 outlook Second Quarter Fiscal 2023 versus 2022 • Net new centers increased 12.3% to 1,003 total centers in 45 states • System-wide sales of $254.2 million increased 10.0% • Total revenue of $59.1 million increased 10.7% • Same-store sales increased 2.6% • GAAP net income of $5.6 million increased 175.4% • Adjusted EBITDA of $21.2 million increased 13.8%
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

David Berg was appointed as Executive Chair at European Wax Center, Inc..

Action
appointed
Role
Executive Chair
Exact text from the filing
As of such date, Mr. Berg will remain an employee of the Company and will assume the position of Executive Chair of the Company’s Board of Directors (the “Board”).
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

David Willis was appointed as Class I director at European Wax Center, Inc..

Action
appointed
Role
Class I director
Exact text from the filing
the Board appointed Mr. Willis as a member of the Board as a Class I director, effective September 30, 2023.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

David Willis was appointed as Chief Executive Officer at European Wax Center, Inc..

Action
appointed
Role
Chief Executive Officer
Exact text from the filing
David Willis, who has served the Company as President and Chief Operating Officer, will assume the role of Chief Executive Officer effective as of September 30, 2023.
View on SEC.gov

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European Wax Center, Inc. filing history →

Source: SEC EDGAR
accession 0000950170-23-040101
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