Marathon Partners Nominates Slate of Three Highly Qualified Director Candidates for Election at e.l.f.'s 2020 Annual Meeting; Highlights Concerns Regarding e.l.f.'s Share Price Underperformance, Runaway Overhead Expenses, Excessive Executive Compensation
May 28, 2020 - PR Newswire
Board and Executive Moves
PR Newswire
Marathon Partners Equity Management, LLC, together with its affiliates ("Marathon Partners"), one of the largest stockholders of e.l.f. Beauty, Inc. ("e.l.f." or the "Company") (NYSE: ELF), with beneficial ownership representing approximately 5.2% of the Company's outstanding common stock, today announced that it has nominated a slate of three highly qualified candidates, Beth Birnbaum, Mario Cibelli and Dhiren Fonseca, for election to e.l.f.'s Board of Directors (the "Board"...
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