Marathon Partners' plan to nominate three directors to e.l.f.'s board is a rare instance of an activist investor launching a proxy fight since the coronavirus emerged
Marathon Partners Equity Management LLC is planning to nominate three directors to e.l.f. Beauty Inc.’s board, a rare instance of an activist investor launching a proxy fight since the coronavirus shook American corporations.
Marathon Partners criticizes the discount cosmetic company’s cost structure, executive-compensation plan and stock performance in documents viewed by The Wall Street Journal. Its nominations to e.l.f.’s eight-person board could be made public as soon as Thursday.
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