Sally Beauty Holdings appoints Denise Paulonis as President and CEO effective October 1, 2021

Sally Beauty Holdings, Inc.

Denise Paulonis, a board member since 2018 and former Sprouts Farmers Market CFO, becomes President and CEO effective October 1, 2021.
Chris Brickman steps down as CEO and Chairman on September 30, 2021, and will serve as a consultant through March 2022 for up to $500,000.
Paulonis receives an annual salary of $1,100,000, a target bonus of 150% of base salary, and a long-term incentive award valued at $4,250,000.
Paulonis receives a $400,000 sign-on bonus and special equity awards of restricted stock ($1,450,000) and stock options ($1,000,000) vesting over three years.
Brickman's separation includes accelerated vesting of 275,570 options and 99,087 restricted shares, plus potential vesting of 24,202 performance-based RSUs.

item 5.02 item 9.01

Executive movements

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Appointed

Denise Paulonis

President and Chief Executive Officer

SBH · Sally Beauty Holdings, Inc.

Effective: 2021-10-01
Filed: September 1, 2021, 7:59 PM ET

On September 1, 2021, the Board of Directors (the “Board”) of Sally Beauty Holdings, Inc. (the “Company”) announced the appointment of Denise Paulonis as the Company’s President and Chief Executive Officer, effective October 1, 2021.

Departed

Christian A. Brickman

President and Chief Executive Officer

SBH · Sally Beauty Holdings, Inc.

Effective: 2021-09-30
Successor: Denise Paulonis
Filed: September 1, 2021, 7:59 PM ET

Christian A. Brickman, the Company’s current President and Chief Executive Officer, will terminate employment and his role as Chairman of the Board effective September 30, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Denise Paulonis was appointed as President and Chief Executive Officer at Sally Beauty Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On September 1, 2021, the Board of Directors (the “Board”) of Sally Beauty Holdings, Inc. (the “Company”) announced the appointment of Denise Paulonis as the Company’s President and Chief Executive Officer, effective October 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christian A. Brickman departed as President and Chief Executive Officer at Sally Beauty Holdings, Inc..

Action: terminated employment
Role: President and Chief Executive Officer

Exact text from the filing

Christian A. Brickman, the Company’s current President and Chief Executive Officer, will terminate employment and his role as Chairman of the Board effective September 30, 2021.

View on SEC.gov

Sally Beauty Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-111822

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