---
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"
generated_at: "2026-06-11T23:28:13.227218+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040101
- JSON: https://secwatch.observer/filing/0000950170-23-040101.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040101.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm
- Executive change
  David Berg was appointed as Executive Chair at European Wax Center, Inc..
  - Action: appointed
  - Role: Executive Chair
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm
- Executive change
  David Willis was appointed as Class I director at European Wax Center, Inc..
  - Action: appointed
  - Role: Class I director
  source text: the Board appointed Mr. Willis as a member of the Board as a Class I director, effective September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm
- Executive change
  David Willis was appointed as Chief Executive Officer at European Wax Center, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856236/000095017023040101/0000950170-23-040101-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.