| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 11, 2022, Richelle Parham resigned from the Board of Directors (the “Board”) of e.l.f. Beauty, Inc. (the “Company”), effective as of May 31, 2022. Ms. Parham has been a director of the Company since 2018 and her decision to resign comes after four years of service on the Board. Her decision to resign is not due to any disagreement with the Company on any matter relating to its operations, policies, practices or otherwise.
Ms. Parham’s prospective resignation date will help ensure an orderly transition as she will fulfill her services as a director of the Company and member of the Audit Committee of the Board through the expected filing of the Company’s Annual Report on Form 10-K for the fiscal year ending March 31, 2022.
On May 17, 2022, the Board appointed Tiffany Daniele to the Board as a Class III director, effective on May 31, 2022, with an initial term expiring at the Company’s 2022 annual meeting of stockholders. Ms. Daniele is expected to stand for election to the Board at the 2022 annual meeting of stockholders. The Board also appointed Ms. Daniele to the Audit Committee of the Board, effective concurrent with her appointment.
Since October 2020, Ms. Daniele, 39, has served as the Chief Financial Officer of Union Square Hospitality Group (“USHG”), known for some of New York’s most beloved restaurants, cafes and bars, including Union Square Cafe, Gramercy Tavern, Blue Smoke, Daily Provisions and Shake Shack (now a standalone public company, NYSE: SHAK). Ms. Daniele has also served as the Chief Financial Officer of USHG Acquisition Corp. (NYSE: HUGS), a Special Purpose Acquisition Corporation sponsored by USHG, since December 2020. Prior to joining USHG, Ms. Daniele served as Vice President, Financial Planning & Analysis at Cole Haan, Inc., a luxury footwear and accessory brand, from February 2020 through June 2020. From December 2017 through February 2020, Ms. Daniele was Vice President, Global Corporate Financial Planning & Analysis at Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, comprising the Coach, Kate Spade and Stuart
Weitzman brands. Before joining Tapestry, Inc., Ms. Daniele served in multiple finance-based roles at Kate Spade & Company, a global luxury accessory and apparel brand, from January 2012 through December 2017. Ms. Daniele received a bachelor’s degree in Commerce from the McIntire School of Commerce of the University of Virginia.
Ms. Daniele will be entitled to compensation for her service as a member of the Board that is consistent with the compensatory arrangements the Company has in place with its other non-employee directors. The Company expects to enter into the Company’s standard form of indemnification agreement with Ms. Daniele.
There was no arrangement or understanding pursuant to which Ms. Daniele was appointed to the Board. There are no family relationships between Ms. Daniele and any director or executive officer of the Company, or any person chosen by the Company to become a director or executive officer. There are no related party transactions of the kind described in Item 404(a) of Regulation S-K in which Ms. Daniele was or is a participant.
