Form 4: Olaplex Holdings Executive Eric Tiziani Steps Down as CFO, Voluntarily Files Form 4
SEC Form 4 Filing
Eric Tiziani, former CFO of Olaplex Holdings, voluntarily files a Form 4 to indicate he is no longer subject to Section 16 of the Securities Exchange Act following his departure from the CFO role.
Summary
- Eric Tiziani, formerly the Chief Financial Officer of Olaplex Holdings, Inc., ceased serving in that role effective May 6, 2024.
- He has voluntarily filed a Form 4 with the SEC to indicate that he is no longer subject to Section 16 of the Securities Exchange Act in connection with the company's securities.
- A previously established Limited Power of Attorney, executed on September 29, 2021, granted authority to Tiffany Walden, Eric Tiziani, and Tracie Chesterman to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a change in executive position, with neutral sentiment.
Industry Context
Executive departures and changes in roles are common in publicly traded companies, often triggering SEC filings to ensure transparency regarding insider holdings and compliance with regulations.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Eric Tiziani | TBD | 2024-05-06 | Departure from the role |
Stakeholder Impact
- Shareholders are informed of a change in the company's executive leadership.
- Employees may experience changes in reporting structures and responsibilities.
Key Dates
| Date | Description |
|---|---|
| 2021-09-29 | Date of execution of the Limited Power of Attorney. |
| 2024-05-06 | Effective date of Eric Tiziani's departure as Chief Financial Officer. |
| 2024-05-07 | Date of filing of the Form 4. |
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