Edition:
United Kingdom

Marathon Partners Equity Management Says Delivered A Letter To E.L.F. Beauty Inc's Board


Wednesday, 17 Apr 2019 

April 17 (Reuters) - e.l.f. Beauty Inc ::MARATHON PARTNERS EQUITY MANAGEMENT SAYS DELIVERED A LETTER TO E.L.F. BEAUTY INC'S BOARD - SEC FILING.MARATHON PARTNERS - RAISING CONCERNS ON TPG GROWTH & E.L.F. BOARD’S CIRCUMVENTION ON MARCH 3, 2017 SECOND AMENDED & RESTATED STOCKHOLDERS AGREEMENT.MARATHON PARTNERS EQUITY MANAGEMENT SAYS E.L.F. BEAUTY SHOULD SEPARATE THE ROLES OF CHAIRMAN AND CEO.MARATHON PARTNERS - STATED BELIEF IN LETTER THAT COMPENSATION PLAN FOR E.L.F.’S SENIOR EXECUTIVES REPRESENTS FAR TOO HIGH OF A PORTION OF OPERATING PROFITS.MARATHON PARTNERS EQUITY MANAGEMENT SAYS BELIEVES THERE IS A STRONG CASE IN SUPPORT OF A BUYBACK AUTHORIZATION FOR E.L.F. BEAUTY.