{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040101","form_type":"8-K","ticker":"EWCZ","cik":"0001856236","company_name":"European Wax Center, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.821904+00:00","generated_at":"2026-06-11T23:28:13.227218+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"European Wax Center announces CEO succession: David Willis to succeed David Berg effective Sept 30, 2023","bullets":["David Berg to step down as CEO and become Executive Chairman, with annual base salary reduced to $100,000.","David Willis, current President and COO, appointed CEO effective Sept 30, 2023, with base salary of $600,000.","Q2 fiscal 2023 results: total revenue $59.1M (+10.7%), net income $5.6M (+175.4%), same-store sales +2.6%.","Company reiterates fiscal 2023 outlook: total revenue $222M-$229M, Adjusted EBITDA $77M-$80M.","Milestone: 1,003 total centers, 25 net new centers opened in Q2, system-wide sales $254.2M (+10.0%)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040101","json":"https://secwatch.observer/filing/0000950170-23-040101.json","markdown":"https://secwatch.observer/filing/0000950170-23-040101.md","text":"https://secwatch.observer/filing/0000950170-23-040101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/ewcz-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:28:13.227218+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e395118984a47a846fd917ca76099aca7d58ad6d","claim":"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%.","evidence_excerpt":"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%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter fiscal 2023"},{"label":"Revenue","value":"Total revenue of $59.1 million increased 10.7%"},{"label":"Net income","value":"Net income of $5.6 million increased 175.4%"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6a08313086","claim":"David Berg was appointed as Executive Chair at European Wax Center, Inc..","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chair"}],"fact_type":"executive_change"},{"claim_id":"bbfb2b992c","claim":"David Willis was appointed as Class I director at European Wax Center, Inc..","evidence_excerpt":"the Board appointed Mr. Willis as a member of the Board as a Class I director, effective September 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I director"}],"fact_type":"executive_change"},{"claim_id":"e1d43b5026","claim":"David Willis was appointed as Chief Executive Officer at European Wax Center, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}