--- schema_version: "secwatch.filing_event.v1" accession: "0001558370-23-010870" form_type: "8-K" ticker: "ULTA" cik: "0001403568" company_name: "Ulta Beauty, Inc." filed_at: "2023-06-07T23:59:59+00:00" generated_at: "2026-06-14T05:42:40.475496+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Ulta shareholders approve board declassification, remove supermajority voting ## Summary - Shareholders elected Michelle Collins, Patricia Little, Heidi Petz, Michael Smith as Class I directors with >94% support. - Board declassification approved: board to be annual elected; directors removable with or without cause. - Supermajority voting standards for charter/bylaws amendments replaced with majority standard. - Advisory say-on-pay passed with 89.11% support; shareholders preferred annual frequency (98.37%). - Ernst & Young LLP ratified as independent auditor for fiscal 2023 (91.32% for). ## SEC filing metadata - accession: 0001558370-23-010870 - form_type: 8-K - ticker: ULTA - cik: 0001403568 - company_name: Ulta Beauty, Inc. - filed_at: 2023-06-07T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/ulta-20230601x8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001558370-23-010870 - JSON: https://secwatch.observer/filing/0001558370-23-010870.json - Plain text: https://secwatch.observer/filing/0001558370-23-010870.txt ## Key facts - Governance Changes Ulta Beauty, Inc.: Added plurality carveout for contested elections to Section 8 of Article II, amended advance notice provisions to mandate derivatives disclosure, revised Section 5 of Article II regarding stockholder lists, and made minor edits to advance notice provisions to coordinate with proxy access provisions (effective 2023-06-01). - Change: bylaw amendment - Effective: 2023-06-01 source text: Following the Annual Meeting (as defined below) on June 1, 2023, the Board of Directors of Ulta Beauty, Inc. (the “Company”) approved additional amendments of the Company’s Bylaws as follows: ● Added a plurality carveout for contested elections (i.e., when the number of nominees for director is greater than the number of directors to be elected at the meeting) to Section 8 of Article II of the Company’s Bylaws; ● Amended the advance notice provisions of the Company’s Bylaws (i.e., Section 11 of Article II and Section 2 of Article III of Ulta’s Bylaws) to mandate derivatives disclosure; ● Revised Section 5 of Article II of the Company’s Bylaws (relating to stockholder lists) to match the changes made to Section 219 of the Delaware General Corporation Law relating to stockholder lists; and ● Made a few minor edits to the advance notice provisions of the Company’s Bylaws to better coordinate with the proxy access provisions added to the Company’s Bylaws in June 2020. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved Election of Michelle L. Collins, Patricia A. Little, Heidi G. Petz and Michael C. Smith as Class I directors at the 2023-06-01 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders elected Michelle L. Collins, Patricia A. Little, Heidi G. Petz and Michael C. Smith as Class I directors to hold office until the 2024 annual meeting of stockholders (because Proposals 2 and 3 below were also approved). evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved An amendment to the Company’s Certificate of Incorporation to replace all supermajority voting standards for amendments to the Certificate of Incorporation with a majority standard at the 2023-06-01 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders approved an amendment to the Company’s Certificate of Incorporation to replace all supermajority voting standards for amendments to the Certificate of Incorporation with a majority standard. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved Advisory vote on the frequency of future advisory votes on the Company’s executive compensation at the 2023-06-01 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders expressed a preference that an advisory vote on the Company’s executive compensation occur every year. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved Advisory vote to approve the Company’s executive compensation at the 2023-06-01 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders approved the Company’s executive compensation. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved An amendment to the Company’s Bylaws to replace all supermajority voting standards for amendments to the Bylaws with a majority standard at the 2023-06-01 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders approved an amendment to the Company’s Bylaws to replace all supermajority voting standards for amendments to the Bylaws with a majority standard. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for its fiscal year 2023, ending February 3, 2024 at the 2023-06-01 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for its fiscal year 2023, ending February 3, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved An amendment to the Company’s Certificate of Incorporation to declassify the Board of Directors and provide for the annual election of directors at the 2023-06-01 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders approved an amendment to the Company’s Certificate of Incorporation to declassify the Board of Directors and provide for the annual election of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm - Shareholder Votes Ulta Beauty, Inc. shareholders approved Amendments to the Company’s Bylaws to provide that directors may be removed by the holders of a majority of the shares then entitled to vote at an election of directors and, if Proposal 2 is approved, with or without cause at the 2023-06-01 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-01 source text: The stockholders approved amendments to the Company’s Bylaws to provide that directors may be removed by the holders of a majority of the shares then entitled to vote at an election of directors and, since Proposal 2 was approved, with or without cause. evidence_url: https://www.sec.gov/Archives/edgar/data/1403568/000155837023010870/0001558370-23-010870-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.