Ulta Salon (ULTA) Diector Stevens Won't Seek Re-Election at 2014 AMS

April 9, 2014 2:46 PM EDT Send to a Friend

On April 3, 2014, Kenneth T. Stevens notified the Board of Directors (the “Board”) of Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq: ULTA) that he will not seek re-election as a director of the Board at the Company’s 2014 Annual Meeting of Stockholders, scheduled for June 5, 2014 (the “Annual Meeting”). Mr. Stevens will continue to serve as a director and Non-Executive Chairman until the Annual Meeting. Mr. Stevens’ resignation is due to the increasing time his other business obligations require and is not because of a disagreement on any matter relating to the Company’s operations, policies or practices.

The Board has appointed Charles J. Philippin, a member of the Board since 2008, as Non-Executive Chairman of the Board upon the completion of Mr. Stevens’ term, subject to the re-election of Mr. Philippin at the Annual Meeting.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Management Changes, Management Comments

Add Your Comment