e.l.f. Beauty, Inc. (ELF) Announces Agreement with Marathon Partners

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e.l.f. Beauty Announces Agreement with Marathon Partners

July 2, 2020 8:00 AM EDT

Appoints Lori Keith, Portfolio Manager at Parnassus Investments, to Board of Directors

Board to Include Say-on-Pay Proposals to be Voted on at the 2020 Annual Meeting and to Cap Evergreen at 2% of the Outstanding Shares

OAKLAND, Calif.--(BUSINESS WIRE)-- e.l.f. Beauty (NYSE: ELF) (the Company) today announced that it has reached a Cooperation Agreement with Marathon Partners Equity Management, LLC and its affiliates (Marathon), an investment firm which beneficially owns approximately 5.2% of the Companys outstanding common stock. Pursuant to the Cooperation Agreement, the... More