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