Evolus Inc.

03/13/2026 | Press release | Distributed by Public on 03/13/2026 14:43

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
Director Reclassification
As previously disclosed, Simone Blank stepped down from the board of directors (the "Board") of Evolus, Inc. (the "Company") to support the Company's board refreshment efforts. Her departure resulted in an imbalance among the classes of directors under the Company's classified board structure.
On March 13, 2026,in order to restore balance among the classes of directors, the Board approved actions to reclassify Vikram Malik from Class III to Class II. In order to effect this reclassification, Mr. Malik resigned as a Class III director effective immediately prior to his appointment to the Board. The Board accepted the resignation and immediately thereafter appointed Mr. Malik to the Board and designated him as a Class II director.
Mr. Malik will serve as a Class II director until the Company's 2026 annual meeting of stockholders, at which time the Class II directors are scheduled to stand for election. Mr. Malik's service on the Board was continuous and uninterrupted by the foregoing actions.
Mr. Malik will continue to serve as Chairman of the Board and as a member of the Compensation Committee of the Board. Mr. Malik did not receive any new equity award in connection with his appointment as a Class II director, and his existing equity awards will continue to vest in accordance with their original terms.
There are no arrangements or understandings between Mr. Malik and any other person pursuant to which he was appointed as a Class II director. There are no transactions involving Mr. Malik requiring disclosure under Item 404(a) of Regulation S-K.
Following the foregoing actions, the Board consists of six directors, with two directors in each of Class I, Class II and Class III.
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