Private company
OLAPLEX HOLDINGS, INC.
In its 2026 annual report the company says: “OLAPLEX is a foundational health and beauty company powered by breakthrough innovation that starts with and is inspired by the professional hairstylist. Our products are designed to enable Pros and their clients to achieve their best results and to provide consumers with a holistic hair regimen that starts by establishing a foundation for healthy hair.”5 It is headquartered in Santa Barbara, United States.2
Last updated Oct 20, 2026.
Overview
- IndustryPerfumes, Cosmetics & Other Toilet Preparations2
- HeadquartersSanta Barbara, United States2
- Incorporated inDE3
- Business address432 Park Avenue South, Third Floor, New York, Ny 100163
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI254900QYCAW2BUUZ1O972
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 77021232
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OLAPLEX is a foundational health and beauty company powered by breakthrough innovation that starts with and is inspired by the professional hairstylist (“Pro”). Our products are designed to enable Pros and their clients to achieve their best results and to provide consumers with a holistic hair regimen that starts by establishing a foundation for healthy hair.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue31¢$129.3M
- Selling, general and admin57¢$243.1M
- Other costs11¢$47.5M
- Income tax1¢$3.1M
Out of $423.0M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$331.0K
- Kept or used elsewhere99¢$58.3M
Out of $58.7M of cash from operations.6
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $282.2M7 | $598.4M8 | $704.3M9 | $458.3M6 | $422.7M6 | $423.0M6 | |
| Cost of revenue | $102.7M7 | $124.5M8 | $184.7M9 | $139.7M6 | $130.4M6 | $129.3M6 | |
| Gross profit | $179.6M7 | $473.8M8 | $519.6M9 | $318.6M6 | $292.3M6 | $293.6M6 | |
| Selling, general and admin | $37.2M7 | $98.9M8 | $113.9M9 | $168.9M6 | $181.7M6 | $243.1M6 | |
| Operating expenses | $139.7M8 | $155.2M9 | $210.4M6 | $225.4M6 | $286.7M6 | ||
| Operating income | $86.1M7 | $334.2M8 | $364.4M9 | $108.2M6 | $66.9M6 | $7.0M6 | |
| Interest | $38.6M7 | $61.1M8 | $44.0M8 | $58.0M8 | |||
| Income before tax | $275.6M8 | $305.2M9 | $76.7M6 | $26.9M6 | -$6.2M6 | ||
| Income tax | $8.0M7 | $54.8M8 | $61.2M9 | $15.1M6 | $7.4M6 | $3.1M6 | |
| Net income | $39.3M7 | $220.8M8 | $244.1M9 | $61.6M6 | $19.5M6 | -$9.3M6 | |
| Earnings per share | $0.067 | $0.348 | $0.389 | $0.096 | $0.036 | -$0.016 | |
| Earnings per share (diluted) | $0.067 | $0.328 | $0.359 | $0.096 | $0.036 | -$0.016 | |
| Shares (weighted, basic) | 648.2M shares8 | 649.1M shares9 | 654.6M shares6 | 662.0M shares6 | 666.5M shares6 | ||
| Shares (weighted, diluted) | 689.9M shares8 | 691.0M shares9 | 677.6M shares6 | 665.4M shares6 | 666.5M shares6 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $07 | $11.0M13 | $186.4M7 | $322.8M8 | $466.4M9 | $586.0M6 | $318.7M6 |
| Receivables | $40.8M7 | $46.2M8 | $40.9M9 | $14.9M6 | $29.0M6 | ||
| Inventory | $98.4M7 | $144.4M8 | $95.9M9 | $75.2M6 | $60.2M6 | ||
| Current assets | $61.4M13 | $335.2M7 | $522.2M8 | $613.2M9 | $689.7M6 | $470.3M6 | |
| Property, plant and equipment | $747.0K7 | $1.0M8 | $930.0K9 | $1.4M6 | $1.4M6 | ||
| Goodwill | $168.3M7 | $168.3M8 | $168.3M9 | $168.3M6 | $168.3M6 | ||
| Intangible assets | $1.0B7 | $995.0M8 | $947.7M9 | $899.5M6 | $847.8M6 | ||
| Total assets | $1.3B13 | $1.6B7 | $1.7B8 | $1.7B9 | $1.8B6 | $1.5B6 | |
| Accounts payable | $19.2M7 | $9.7M8 | $7.1M9 | $10.4M6 | $8.1M6 | ||
| Short-term debt | $20.1M7 | $8.4M8 | $6.8M9 | $6.8M6 | $06 | ||
| Current liabilities | $46.8M13 | $72.9M7 | $55.1M8 | $56.1M9 | $64.7M6 | $102.6M6 | |
| Long-term debt | $755.4M13 | $738.1M7 | $654.3M8 | $649.0M9 | $643.7M6 | $352.3M6 | |
| Total liabilities | $802.2M13 | $1.0B7 | $916.7M8 | $895.4M9 | $893.3M6 | $618.1M6 | |
| Retained earnings | $220.8M7 | $464.9M8 | $526.4M9 | $546.0M6 | $536.7M6 | ||
| Shareholders’ equity | $07 | $530.7M8 | $524.3M9 | $781.0M6 | $845.0M6 | $874.4M6 | $879.4M6 |
| Shares outstanding | 647.9M shares13 | 648.8M shares7 | 650.1M shares8 | 660.7M shares9 | 664.2M shares6 | 669.1M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $129.0M7 | $200.0M8 | $255.3M9 | $177.5M6 | $143.1M6 | $58.7M6 | |
| Stock-based compensation | $4.0M8 | $7.3M9 | $9.1M6 | $11.1M6 | $13.3M6 | ||
| Capital spending | $27.0K7 | $875.0K8 | $650.0K9 | $375.0K6 | $1.1M6 | $331.0K6 | |
| Free cash flow | $128.9M | $199.2M | $254.7M | $177.2M | $141.9M | $58.3M | |
| Cash from investing | -$6.3M8 | -$2.7M9 | -$3.6M6 | -$4.9M6 | -$12.6M6 | ||
| Dividends paid | $470.0M7 | $07 | $07 | ||||
| Cash from financing | -$18.3M8 | -$116.2M9 | -$30.3M6 | -$18.6M6 | -$313.3M6 |
Corporate structure
OLAPLEX HOLDINGS, INC. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of OLAPLEX HOLDINGS, INC.
- ADVENT INTERNATIONAL, L.P. Filed SC 13G/A on OLAPLEX HOLDINGS, INC., latest Feb 14, 2024 (2 filings since Feb 14, 2022)
- FMR LLC Filed SC 13G/A on OLAPLEX HOLDINGS, INC., latest Feb 9, 2024 (2 filings since Feb 9, 2023)
- Charles Heilbronn Filed SC 13G on OLAPLEX HOLDINGS, INC., latest Feb 14, 2022
- OLAPLEX HOLDINGS, INC. Santa Barbara, California, United States
- Olaplex UK Limited Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What OLAPLEX HOLDINGS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $318.7M6 Dec 31, 2025 | $586.0M6 Dec 31, 2024 | −45.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $168.3M6 Dec 31, 2025 | $168.3M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $847.8M6 Dec 31, 2025 | $899.5M6 Dec 31, 2024 | −5.8% |
| Finite-lived intangibles, gross | $1.2B6 Dec 31, 2025 | $1.2B6 Dec 31, 2024 | +0.1% |
| Accumulated amortization | $304.9M6 Dec 31, 2025 | $252.2M6 Dec 31, 2024 | +20.9% |
| Finite-lived intangibles, net | $847.8M6 Dec 31, 2025 | $899.5M6 Dec 31, 2024 | −5.8% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $60.2M6 Dec 31, 2025 | $75.2M6 Dec 31, 2024 | −19.9% |
| Raw materials | $15.3M6 Dec 31, 2025 | $20.4M6 Dec 31, 2024 | −25.0% |
| Finished goods | $44.9M6 Dec 31, 2025 | $54.7M6 Dec 31, 2024 | −18.0% |
Properties, in its own words
We do not own any real property. We lease one facility of approximately 12,000 square feet in New York that we use for research and development activities. The lease term for this facility ends on September 30, 2030. We also lease one office space of approximately 10,000 square feet in New York, which provides meeting space and office space for employees to collaborate in person from time to time. The lease term for this office space ends on August 31, 2028. Our employees work from our research and development facility, from our New York office space, at shared co-working spaces, or remotely.
Item 2 of the 10-K filed Mar 5, 2026.5
Leadership
Who has led OLAPLEX HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerAmanda Baldwin Dec 13, 2023 to now14
- Chief financial officerPaul C. Kosturos May 9, 2024 to May 9, 202415
- Chief financial officerCatherine Dunleavy Aug 15, 2024 to now16
- Chief financial officerEric Tiziani Sep 30, 2021 to Aug 29, 202417
- Chief operating officerCatherine Dunleavy Aug 15, 2024 to now16
Board members and other officers (26)
- OfficerCatherine Dunleavy Jul 7, 2026 to now18
- Chief People OfficerTrisha L. Fox Feb 10, 2025 to now19
- Chief Accounting OfficerStephen J. Bacica Mar 28, 2025 to now20
- OfficerKenneth F. Egan Nov 7, 2024 to now21
- OfficerKristi A. Belhumeur Feb 22, 2022 to Aug 29, 202422
- OfficerJue Wong Sep 30, 2021 to Sep 30, 202123
- OfficerTiffany Walden Sep 30, 2021 to Sep 30, 202124
- Board memberPamela J. Edwards Mar 20, 2025 to now25
- Board memberJerome Griffith Jul 22, 2025 to now26
- Board memberJohn P. Bilbrey Jul 19, 2023 to now27
- Board memberAmanda Baldwin Dec 13, 2023 to now14
- Board memberChristine Dagousset Sep 30, 2021 to now28
- Board memberDavid M. Mussafer Sep 30, 2021 to now29
- Board memberDeirdre Findlay Sep 30, 2021 to now30
- Board memberEmily White Sep 30, 2021 to now31
- Board memberGpe Ix Gp Limited Partnership Ap Sep 30, 2021 to now32
- Board memberInternational Gpe Ix-E Scsp Advent Sep 30, 2021 to now33
- Board memberIx Gp S.a.r.l. Gpe Sep 30, 2021 to now33
- Board memberJanet Gurwitch Sep 30, 2021 to Aug 9, 202434
- Board memberJue Wong Sep 30, 2021 to Sep 30, 202123
- Board memberMartha A. M. Morfitt Sep 30, 2021 to now35
- Board memberMichael James White Sep 30, 2021 to now36
- Board memberPaula Zusi Sep 30, 2021 to Aug 9, 202437
- Board memberTiffany Walden Sep 30, 2021 to Sep 30, 202124
- Board memberTricia Patrick Sep 30, 2021 to now38
- General counselJohn C. Duffy Feb 10, 2025 to now39
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Olaplex UK Limited Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 7, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer40
- May 29, 20268-K Other events41
- May 11, 20268-K Results of operations42
- Mar 26, 20268-K Entered a material agreement; Regulation FD disclosure43
- Mar 5, 20268-K Results of operations44
- Nov 6, 20258-K Results of operations45
- Aug 26, 20258-K Entered a material agreement; Regulation FD disclosure46
- Aug 7, 20258-K Results of operations47
- Jul 22, 20258-K Executive or director change48
- Jun 12, 20258-K Executive or director change; Shareholder vote49
- May 8, 20258-K Results of operations50
- Apr 29, 20258-K Executive or director change51
- Dec 13, 2023New chief executive Amanda Baldwin becomes CEO14
- Nov 13, 2019Founded OLAPLEX HOLDINGS, INC. is founded2
Calendar
When it reported results
- May 11, 2026Reported quarterly or annual results42
- Mar 5, 2026Reported quarterly or annual results44
- Nov 6, 2025Reported quarterly or annual results45
- Aug 7, 2025Reported quarterly or annual results47
- May 8, 2025Reported quarterly or annual results50
- Mar 4, 2025Reported quarterly or annual results52
- Nov 7, 2024Reported quarterly or annual results53
- Aug 6, 2024Reported quarterly or annual results54
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
246 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 44 major events, 135 insider forms, 5 large holders, 41 other. The latest 20:
- Jul 17, 202615-12G EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 2026S-8 POS EDGAR
The 246 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
42 open-market trades by officers, directors and large owners since October 2021: 10 buys and 32 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 26, 2026 | FOX TRISHA LChief People Officer. | Sale | 16,324 | $2.04 | $33.3K | Form 4 |
| Apr 14, 2026 | Duffy John CGeneral Counsel | Sale | 11,471 | $2.02 | $23.2K | Form 4 |
| Mar 13, 2026 | Baldwin AmandaChief Executive Officer. | Sale | 451,837 | $1.17 | $528.6K | Form 4 |
| Mar 12, 2026 | FOX TRISHA LChief People Officer. | Sale | 25,421 | $1.26 | $32.0K | Form 4 |
| Mar 12, 2026 | Duffy John CGeneral Counsel | Sale | 34,962 | $1.26 | $44.1K | Form 4 |
| Mar 12, 2026 | DUNLEAVY CATHERINESee Remarks | Sale | 93,809 | $1.26 | $118.2K | Form 4 |
| Mar 9, 2026 | FOX TRISHA LChief People Officer. | Sale | 26,426 | $1.26 | $33.3K | Form 4 |
| Mar 9, 2026 | Duffy John CGeneral Counsel | Sale | 34,824 | $1.26 | $43.9K | Form 4 |
| Dec 12, 2025 | Baldwin AmandaChief Executive Officer. | Sale | 398,560 | $1.19 | $474.3K | Form 4 |
| Aug 14, 2025 | DUNLEAVY CATHERINESee Remarks | Sale | 101,798 | $1.40 | $142.5K | Form 4 |
| May 23, 2025 | FOX TRISHA LChief People Officer. | Sale | 16,840 | $1.21 | $20.4K | Form 4 |
| Apr 16, 2025 | Duffy John CGeneral Counsel | Sale | 11,730 | $1.24 | $14.5K | Form 4 |
| Mar 14, 2025 | Egan Kenneth F | Buy | 10,000 | $1.34 | $13.4K | Form 4 |
| Mar 7, 2025 | FOX TRISHA LChief People Officer. | Sale | 26,526 | $1.44 | $38.2K | Form 4 |
| Mar 7, 2025 | Duffy John CGeneral Counsel | Sale | 35,013 | $1.44 | $50.4K | Form 4 |
| Dec 11, 2024 | Baldwin AmandaChief Executive Officer. | Sale | 382,555 | $2.10 | $803.4K | Form 4 |
| Nov 18, 2024 | BILBREY JOHN PDirector | Buy | 51,697 | $1.75 | $90.5K | Form 4 |
| Nov 15, 2024 | BILBREY JOHN PDirector | Buy | 25,128 | $1.76 | $44.2K | Form 4 |
| Nov 8, 2024 | Baldwin AmandaChief Executive Officer. | Buy | 43,000 | $1.73 | $74.4K | Form 4 |
| Aug 19, 2024 | BILBREY JOHN PDirector | Buy | 183,493 | $2.05 | $376.2K | Form 4 |
All 42 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ADVENT INTERNATIONAL, L.P.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202455
- FMR LLCSC 13G/A, 2 filings Feb 9, 2023 to Feb 9, 202456
- Charles HeilbronnSC 13G, 1 filing Feb 14, 202257
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Amanda BaldwinChief Executive Officer | 47 | $1.0M | $6.5M58 |
| 2025 | Catherine DunleavyChief Operating Officer and Chief Financial Office r | 57 | $681.2K | $2.6M58 |
| 2025 | John DuffyGeneral Counsel | 43 | $408.7K | $1.1M58 |
| 2025 | Trisha FoxChief People Officer | 57 | $387.1K | $1.1M58 |
| 2024 | Catherine DunleavyChief Operating Officer and Chief Financial Office r | 57 | $257.0K | $2.4M58 |
| 2024 | Amanda BaldwinChief Executive Officer | 47 | $1.0M | $1.4M58 |
| 2023 | Amanda BaldwinChief Executive Officer | 47 | $57.7K | $14.0M58 |
SEC filer profile
How OLAPLEX HOLDINGS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAROLAPLEX HOLDINGS, INC.1
- CIK0001868726
- Employer ID (EIN)87-12426795
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)2844 Perfumes, Cosmetics & Other Toilet Preparations1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address432 Park Avenue South, Third Floor, New York, NY 100161
- Phone310-691-07761
- Shares outstanding672,042,176 as of May 4, 202612
- Public float$198.1M as of Jun 30, 20255
- AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceJun 28, 20211
- Filings278 in all: 4 (121), 8-K (43), 3 (28), 144 (18), 10-Q (14), 10-K (5), DEF 14A (5), DEFA14A (5)1
All 33 form types
CORRESP (4), S-8 (4), S-8 POS (4), SC 13G (3), S-1/A (2), SC 13G/A (2), UPLOAD (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14C (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), PRE 14A (1), PREM14C (1), S-1 (1), S-1MEF (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) May 11, 2026
Proxy statement (DEF 14A) May 29, 2026
Latest 8-K (8-K) Jul 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.001 per share | OLPX | Nasdaq Global Select Market |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks OLAPLEX HOLDINGS, INC. names in Item 1A of its 10-K filed Mar 5, 2026: 50 risks under these headings, as written.5
- Risks Related to Our Business
- Our success depends, in part, on the effectiveness and successful implementation of our business transformation plan.
- The beauty industry is highly competitive, and if we are unable to compete effectively, our business, financial condition and results of operations could be adversely affected.
- Our brand is critical to our success. If we fail to maintain the value of our brand or our marketing efforts are not successful, our business, financial condition and results of operations would be adversely affected.
- If we are unable to anticipate and respond to market trends and changes in consumer preferences and successfully introduce new, innovative and high-quality products, our financial results could be adversely affected.
- Our success depends, in part, on the quality, efficacy and safety of our products.
- Our products generally rely on a single or a limited number of manufacturers. The loss of manufacturers, quality or production concerns at any of our manufacturers or suppliers, or shortages in the supply of raw materials or finished products could harm our business, prospects, results of operations, financial condition and cash flows.
- A disruption in our supply chain could adversely affect our business, financial condition and results of operations.
- We depend on a limited number of customers for a large portion of our net sales.
- We may be affected by shifts in distribution channels, changes in consumer shopping preferences, and changes in the salon and retail environments.
- We are subject to risks related to the global scope of our operations.
- The illegal distribution and sale by third parties of counterfeit versions of our products or the unauthorized diversion by third parties of our products could have an adverse effect on our net sales and a negative impact on our reputation and business.
The other 39 risks
- Our success depends, in part, on our key talent.
- If we are unable to accurately forecast customer and consumer demand, manage our inventory and plan for future expenses, our results of operations could be adversely affected.
- Our business is affected by seasonality.
- Risks Related to Information Technology and Cybersecurity
- We rely on the use of our and our third-party service providers’ information technology. Any significant failure, inadequacy, interruption or data security incident impacting our information technology and websites, or those of our third-party service providers, could have an adverse effect on our business, prospects, results of operations, financial condition or cash flows.
- Failure to adequately maintain the security of confidential information could materially adversely affect our business.
- Our processing of personal information could give rise to significant costs and liabilities, which may have an adverse effect on our reputation, business, financial condition and results of operations.
- Risks Related to Intellectual Property Matters
- Our efforts to register and maintain our intellectual property rights may not be sufficient to protect our business.
- Our efforts to enforce and otherwise protect our intellectual property against infringers may not be successful.
- Third parties may allege that we are infringing, misappropriating or otherwise violating their intellectual property rights, which could involve substantial costs and adversely impact our business.
- We may be subject to claims that our employees, contractors, collaborators, vendors, consultants or advisors have wrongfully used or disclosed alleged trade secrets of their current or former employers or claims asserting ownership of what we regard as our own intellectual property.
- Risks Related to Legal and Regulatory Matters
- Disputes and other legal or regulatory proceedings could adversely affect our financial results.
- Government reviews, inquiries, investigations and actions could harm our business.
- Government regulations relating to the marketing and advertising of our products may restrict, inhibit or delay our ability to sell our products and harm our business.
- If our products are not manufactured in compliance with applicable regulations, do not meet quality standards or otherwise result in adverse health effects in consumers, we could be subject to reputational harm, remediation costs or regulatory enforcement.
- Our employees, contractors, customers, consultants, suppliers and other business partners may engage in misconduct or other improper activities, including noncompliance with regulatory standards and requirements.
- Risks Related to Our Indebtedness
- Our significant indebtedness could adversely affect our financial condition.
- We may be unable to generate sufficient cash flow to service our debt obligations.
- The terms of our indebtedness restrict our current and future operations, particularly our ability to respond to change or to take certain actions.
- Because our operations are conducted through our subsidiaries, we are dependent on the receipt of distributions and dividends or other payments from our subsidiaries for cash to fund our operations and expenses, including payments under the Tax Receivable Agreement and future dividend payments, if any.
- Risks Related to Ownership of Our Common Stock
- Our stock price may be volatile, and the value of our stock may decline.
- Investment funds affiliated with Advent International, L.P. (the “Advent Funds”) beneficially own a significant percentage of our common stock and have significant influence over us.
- Our restated certificate of incorporation provides that we will waive any interest or expectancy in corporate opportunities presented to the Advent Funds or members of our Board of Directors who are affiliated with the Advent Funds.
- The Tax Receivable Agreement with our Pre-IPO Stockholders requires us to make cash payments to them and exposes us to certain risks.
- There may be sales of a substantial amount of our common stock, and these sales could cause the price of our common stock to fall.
- Delaware law and provisions in our Certificate of Incorporation and second amended and restated bylaws could make a merger, tender offer or proxy contest more difficult, limit attempts by our stockholders to replace or remove our current management and depress the market price of our common stock.
- We are a “controlled company” within the meaning of the corporate governance standards of The Nasdaq Stock Market LLC (“Nasdaq”). As a result, we qualify for, and rely on, exemptions from certain corporate governance standards.
- We do not intend to pay dividends for the foreseeable future.
- Our Certificate of Incorporation designates specific courts as the sole and exclusive forum for certain claims or causes of action that may be brought by our stockholders, which could discourage lawsuits against us and our directors and officers.
- General Risks
- A general economic downturn or disruption in business conditions may affect our business, including consumer purchases of discretionary items and the financial strength of our customers and consumers, which could adversely affect our financial condition and results of operations.
- Our quarterly results of operations may fluctuate, and if our operating and financial performance in any given period does not meet the guidance that we have provided to the public or the expectations of our investors and securities analysts, the trading price of our common stock may decline.
- Impairment of our goodwill and other intangible assets would result in a reduction in net income.
- We could be subject to changes in our tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities, which could have a material and adverse effect on our operating results, cash flows and financial condition.
- Our ability to use our net operating loss carry-forwards and certain other tax attributes may be limited.
- Our business could be negatively impacted by corporate citizenship and sustainability matters.
- Acquisitions, joint ventures or strategic investments may expose us to additional risks.
- We are dependent on entities performing outsourced functions.
- Our business and results of operations could be adversely affected by natural disasters, public health crises, political crises or other catastrophic events.
- If we fail to maintain effective internal control over financial reporting and effective disclosure controls and procedures, we may not be able to accurately report our financial results in a timely manner or prevent fraud, which may adversely affect investor confidence in the Company.
- We may be liable for the failure of our PEOs to comply with their obligations under applicable law.
Legal proceedings
We have, and may in the future, from time to time, become involved in litigation or other legal proceedings incidental to our business, including litigation related to intellectual property, regulatory matters, contract, advertising and other consumer claims. In addition, we believe that protecting our intellectual property is essential to our business and we have in the past, and may in the future, become involved in proceedings to enforce our rights. Regardless of outcome, litigation (including the litigation referenced below) can have an adverse impact on our reputation, financial condition and business, including by utilizing our resources and potentially diverting the attention of our management from the operation of our business.
For detail on certain legal proceedings, see “Note 14 - Commitments and Contingencies” included in the Notes to the Consolidated Financial Statements included in Part II, Item 8. Financial Statements of this Annual Report.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARCatherine Dunleavy, Officer
- 19SEC EDGARTrisha L. Fox, Chief People Officer
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- 21SEC EDGARKenneth F. Egan, Officer
- 22SEC EDGARKristi A. Belhumeur, Officer
- 23SEC EDGARJue Wong, Officer
- 24SEC EDGARTiffany Walden, Officer
- 25SEC EDGARPamela J. Edwards, Board member
- 26SEC EDGARJerome Griffith, Board member
- 27SEC EDGARJohn P. Bilbrey, Board member
- 28SEC EDGARChristine Dagousset, Board member
- 29SEC EDGARDavid M. Mussafer, Board member
- 30SEC EDGARDeirdre Findlay, Board member
- 31SEC EDGAREmily White, Board member
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- 34SEC EDGARJanet Gurwitch, Board member
- 35SEC EDGARMartha A. M. Morfitt, Board member
- 36SEC EDGARMichael James White, Board member
- 37SEC EDGARPaula Zusi, Board member
- 38SEC EDGARTricia Patrick, Board member
- 39SEC EDGARJohn C. Duffy, General counsel
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- 41SEC EDGAROther events
- 42SEC EDGARResults of operations
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- 44SEC EDGARResults of operations
- 45SEC EDGARResults of operations
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- 47SEC EDGARResults of operations
- 48SEC EDGARExecutive or director change
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- 50SEC EDGARResults of operations
- 51SEC EDGARExecutive or director change
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