Form 4: Olaplex Holdings Executive Paul Kosturos Steps Down as Interim CFO
SEC Filing
Paul Kosturos is no longer the Interim Chief Financial Officer of Olaplex Holdings, effective August 13, 2024, and is therefore no longer subject to Section 16 reporting requirements.
Summary
- Paul Kosturos, previously the Interim Chief Financial Officer of Olaplex Holdings, ceased to hold that position effective August 13, 2024.
- As a result of this change, Kosturos is no longer subject to Section 16 reporting requirements related to the company's securities.
- This Form 4 filing is voluntary and serves to formally acknowledge this change in status.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a change in executive personnel; it doesn't inherently convey positive or negative sentiment.
Industry Context
Executive changes are common in publicly traded companies, and the departure of an interim CFO often signals the appointment of a permanent replacement or a restructuring of the finance department.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Interim Chief Financial Officer | Paul Kosturos | 08/13/2024 | Paul Kosturos no longer serves as Interim Chief Financial Officer. |
Stakeholder Impact
- Shareholders may be interested in the appointment of a permanent CFO to provide stability and leadership in financial matters.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Effective date of Paul Kosturos ceasing to be Interim Chief Financial Officer. |
| 08/15/2024 | Date of Form 4 filing. |
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