Sally Beauty Holdings Inc. (Name to be changed from Sally Hold filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 30, 2026, Marlo Cormier and Sally Beauty Holdings, Inc. (the “Company”) discussed Ms. Cormier’s resignation from her position as Senior Vice President and Chief Financial Officer of the Company. Ms. Cormier and the Company mutually agreed that she will remain with the Company through April 11, 2026, and thereafter will leave to pursue other opportunities. Ms. Cormier’s resignation was not the result of any disagreement with the Company regarding its operations, policies, practices, or otherwise.
In connection with her resignation, Ms. Cormier entered into a Separation Agreement (the “Separation Agreement”) with Sally Beauty Supply LLC (the Company’s wholly owned subsidiary and her direct employer), effective April 11, 2026, under the terms of which Ms. Cormier will receive: (1) a gross payment of $881,250 (representing 15 months’ salary), paid to her at the next regular payroll; (2) continuation of health insurance through a COBRA subsidy program for 15 months, paid directly to the subsidy administrator; (3) a prorated annual bonus for fiscal year 2026, paid at the same time that the fiscal year 2026 annual bonuses are paid to active participants; and (4) 12 months of outplacement services. The Company receives a customary release, confidentiality agreement, and agreement not to solicit employees for a 12-month period. The description of the Separation Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending March 31, 2026.
On March 30, 2026, the Board of Directors (the “Board”) of the Company appointed Ms. Adrianne Lee as Senior Vice President and Chief Financial Officer of the Company, to be effective April 28, 2026. Prior to joining the Company, Ms. Lee held several roles at Bed, Bath & Beyond [NYSE: BBBY], including President & Chief Financial Officer from March 2025 to April 2026, Chief Financial and Administrative Officer from February 2024 to March 2025, and Chief Financial Officer from March 2020 to February 2024. Prior to her roles at Bed, Bath & Beyond, Ms. Lee held executive roles at Hertz Corporation, including Senior Vice President and CFO, North American Rental Car and Car Sales, from December 2018 to March 2020 and Vice President, Global Financial Planning & Analysis from 2014 to December 2018. Ms. Lee earned a Bachelor of Arts in Accounting from University of St. Thomas.
There are no family relationships between Ms. Lee and any director or executive officer of the Company required to be disclosed under Item 401(d) of Regulation S-K. There are no relationships or related transactions between Ms. Lee and the Company required to be disclosed under Item 404(a) of Regulation S-K.
The Compensation and Talent Committee (the “Committee”) of the Board approved the following compensation for Ms. Lee:
Also, on March 30, 2026, the Board appointed Ms. Kim McIntosh, the Company’s current Chief Accounting Officer, as the Company’s principal financial officer for the interim period between Ms. Cormier’s departure and Ms. Lee’s effective date.
The press release announcing the resignation of Ms. Cormier and the appointment of Ms. Lee is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Description |
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99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SALLY BEAUTY HOLDINGS, INC. |
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April 2, 2026 |
By: |
/s/ Denise Paulonis |
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Name: Denise Paulonis |
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Title: President and Chief Executive Officer |