Olaplex Holdings Inc. filed SEC Form 8-K: Leadership Update
$OLPX
Package Goods/Cosmetics
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 20, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 20, 2025, the Board of Directors (the "Board") of Olaplex Holdings, Inc. (the "Company") elected Jerome Griffith to serve as a Class I director of the Board, effective as of such date, with a term expiring at the Company's 2028 Annual Meeting of Stockholders.
Mr. Griffith age 67, has extensive executive leadership experience in the retail and consumer goods industries. He most recently served as Chief Executive Officer, President, and a member of the Board of Directors of Brown Jordan Inc. from June 2023 until March 2025. Prior to that, he was Chief Executive Officer of Lands’ End, Inc. from March 2017 to January 2023 and served as Executive Vice Chairman of its Board of Directors from March 2017 to May 2023. From 2009 to 2016, Mr. Griffith was Chief Executive Officer, President and a member of the Board of Directors of Tumi Holdings, Inc. Earlier in his career, he held several leadership roles at Esprit Holdings Limited, including Chief Operating Officer and board member beginning in 2003, and President of Esprit North and South America starting in 2006. From 1999 to 2002, he served as Executive Vice President at Tommy Hilfiger, and from 1998 to 1999, he was President of Retail at The J. Peterman Company. Mr. Griffith began his career at Gap Inc., where he held various positions from 1989 to 1998. Mr. Griffith currently serves on the Boards of Directors of Samsonite International S.A., Vince Holding Corp., and Brown Jordan Inc. In addition, he is a member of the Board of Visitors for the Smeal College of Business at The Pennsylvania State University. Mr. Griffith holds a Bachelor of Science in Marketing from The Pennsylvania State University.
In accordance with the Company’s current Non-Employee Director Compensation Policy (the “Policy”), Mr. Griffith will receive an annual cash retainer of $100,000 for service on the Board, payable quarterly, in arrears, and pro-rated for partial years of service. In addition, consistent with the Policy, Mr. Griffith will receive an annual grant of restricted stock units (“RSUs”) of the Company with an aggregate value of approximately $150,000 on the date of the first Board meeting following each annual meeting of the Company’s stockholders. The RSUs will vest on the date of the following year's annual meeting of the Company's stockholders, subject to Mr. Griffith’s continued service on the Board through such date.
Mr. Griffith will enter into an indemnification agreement with the Company in substantially similar form as Exhibit 10.2 to the Company's Annual Report on Form 10-K filed with the SEC on March 4, 2025.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
Date: July 22, 2025 | Olaplex Holdings, Inc. | |||||||
| By: | /s/ Amanda Baldwin | |||||||
| Name: | Amanda Baldwin | |||||||
| Title: | Chief Executive Officer | |||||||