Ulta Beauty is implementing a holding company reorganization on January 29, the beginning of the company’s new fiscal year.
The company said the primary purpose of the reorganization is to create a more efficient corporate structure. Business operations for the company will not change as a result of the reorganization.
Pursuant to this holding company reorganization, 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 convert into the same number of shares of common stock of Ulta Beauty, Inc. with all of the same rights, powers and preferences, and qualifications, limitations and restrictions. The common stock of the company will continue to trade on the NASDAQ under the symbol “ULTA.” There is no change to the directors and executive officers of the company as a result of the creation of the holding company.
Ulta Beauty operates 974 retail stores across 48 states.
