e.l.f. Beauty authorizes $500 million share buyback, expands credit agreement capacity
e.l.f. Beauty's board authorized a new share repurchase program of up to $500 million of common stock, replacing a $25 million program from 2019 that has been exhausted. The company also amended its credit agreement to increase capacity for restricted payments, such as share repurchases, subject to a pro forma net leverage ratio test. Shareholders also elected three Class II directors and approved officer exculpation and executive compensation at the August 22, 2024 annual meeting.
Key points
- New share repurchase program authorizes up to $500 million of common stock, with no expiration date and no required minimum purchases.
- Prior $25 million program, announced in May 2019, is exhausted after about $17 million in repurchases over the past two weeks.
- Third Amendment to the credit agreement, dated August 26, 2024, raises restricted payment capacity subject to a pro forma net leverage ratio test.
- At the August 22, 2024 annual meeting, shareholders approved officer exculpation (37,234,458 for) and advisory executive compensation (40,676,556 for).
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.