Olaplex cuts FY2022 guidance, COO Tiffany Walden resigns effective Oct 18

OLAPLEX HOLDINGS, INC.

2022-Q3 EPS reported $0.30 revenue$573,553,000

Preliminary Q3 net sales ~$176.5M (+9.2% YoY); net income $59-61M; adjusted EBITDA $100-102M.
FY2022 guidance lowered: net sales $704-711M, adjusted net income $303-307M, adjusted EBITDA $425-431M.
COO Tiffany Walden resigns effective Oct 18; enters transition to senior advisor through Dec 31, then consultant to 2027.
Separation includes $1M transition payment, salary through Dec 31, 60% unvested options retained with vesting schedule.
Cites macro pressures, increased discounting, inventory rebalancing, and moderation in new customer acquisition.

item 2.02 item 5.02 item 9.01

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Departed

Tiffany Walden

Chief Operating Officer

OLPX · OLAPLEX HOLDINGS, INC.

Effective: 2022-10-18
Filed: October 18, 2022, 7:59 PM ET

On October 16, 2022, Tiffany Walden, Chief Operating Officer of the Company, resigned from her role as Chief Operating Officer as well as a member of the Company’s board of directors, effective October 18, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tiffany Walden resigned as Chief Operating Officer at OLAPLEX HOLDINGS, INC..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

On October 16, 2022, Tiffany Walden, Chief Operating Officer of the Company, resigned from her role as Chief Operating Officer as well as a member of the Company’s board of directors, effective October 18, 2022.

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OLAPLEX HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-264449

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