Ulta Beauty recently announced that a holding company reorganization took place on January 29, 2017. This marked the beginning of the company’s new fiscal year and was intended to create a more efficient corporate structure.
There will be no changes to the business operations or to the directors and executive officers as a result of the reorganization, according to the company.
What the Reorganization Entails
- Ulta Beauty, Inc. will replace Ulta Salon, Cosmetics & Fragrance, Inc. as the publicly traded entity.
- All outstanding shares of common stock of Ulta Salon, Cosmetics & Fragrance, Inc. will automatically become the same number of shares of common stock for Ulta Beauty, Inc. and will include the same rights, powers and preferences, qualifications, limitations and restrictions.
- The company will continue to trade under the symbol “ULTA” on the NASDAQ Global Select Market.