UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
On January 18, 2022, European Wax Center, Inc. (the “Company”) issued a press release that includes preliminary results for the fiscal year ended December 25, 2021 and certain information regarding the officer transition described below. A copy of the press release issued is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Item 2.02 and the accompanying exhibit is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this Item 2.02 and the accompanying exhibit shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 18, 2022, the Company announced that Chief Operating Officer David Willis has been appointed Chief Financial Officer. Mr. Willis will retain his role as Chief Operating Officer. Mr. Willis succeeds Jennifer Vanderveldt, who is leaving the Company to pursue other opportunities. Such changes are effective as of January 12, 2022.
In connection with Ms. Vanderveldt’s separation, on January 17, 2022, the Company and Ms. Vandervelt entered into a separation agreement pursuant to which Ms. Vanderveldt will receive 12 months of her annual base salary, payable in the form of salary continuation, and a 2021 performance bonus based on achievement of bonus plan targets, payable on the same date that the bonus is paid to other executive-level employees. In addition, 75,000 of Ms. Vanderveldt’s common units of EWC Ventures, LLC will vest; all other unvested common units of EWC Ventures, LLC, as well as all other equity granted by the Company, will be forfeited without consideration. Pursuant to the separation agreement, Ms. Vandervelt also granted a release in favor of the Company and agreed to certain confidential information and other customary covenants.
Item 9.01 Financial Statements and Exhibits.
| Exhibit | Description | |
| 99.1 | News release issued on January 18, 2022 | |
| 104 | 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 thereunto duly authorized.
| Date: January 18, 2022 | EUROPEAN WAX CENTER, INC. | |
| By: | /s/ GAVIN M. O’CONNOR | |
| Name: Gavin M. O’Connor | ||
| Title: Chief Legal Officer, Chief Human Resources Officer and Corporate Secretary | ||