e.l.f. Beauty (ELF) Proxy filing summary

Executive summary

• Achieved 25% net sales growth in FY 2026, with $1.637 billion in net sales and $26 million in net income.

• Delivered 29 consecutive quarters of net sales growth and maintained strong market share gains, especially in e.l.f. Cosmetics.

• Four brands surpassed $200 million in retail sales, with rhode exceeding $500 million and leading at Sephora North America.

• Employee engagement reached 88%, 18 points above industry benchmark, with a unique equity-based compensation model for all employees.

• Continued focus on innovation, disruptive marketing, and accessible pricing across all brands.

Voting matters and shareholder proposals

• Election of four Class I directors for a three-year term expiring at the 2029 annual meeting.

• Advisory vote to approve executive compensation (say-on-pay).

• Advisory vote on preferred frequency of say-on-pay (Board recommends annual vote).

• Ratification of Deloitte & Touche LLP as independent auditor for FY 2027.

• No shareholder proposals or director nominations received for this meeting.

Board of directors and corporate governance

• Board is 90% independent, with diverse backgrounds and skills; 60% women and at least 40% diverse.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, each led by independent directors.

• Annual self-evaluations and regular refreshment of board membership.

• Stock ownership policy requires non-employee directors to hold shares equal to five times their annual cash retainer.