ULTA 8-K: Smart Summary

On August 20, 2025, Ulta Beauty's Board of Directors increased its size from ten to twelve directors and appointed Martin Brok and Stephenie Landry as independent directors, each effective September 1, 2025, and each assigned to the Audit and Compensation Committees.

• Martin Brok — will receive the cash and equity compensation provided by the Company's non-employee director compensation program, as it may be adjusted by the Board from time to time, as described in the Company's definitive proxy statement filed with the SEC on April 23, 2025
• Stephenie Landry — will receive the cash and equity compensation provided by the Company's non-employee director compensation program, as it may be adjusted by the Board from time to time, as described in the Company's definitive proxy statement filed with the SEC on April 23, 2025

• Independent Director Martin Brok, 58 — Founder & CEO of mb Capital Advisors (since February 2022) and Operating Partner at Advent International (since November 2022); previously Global President & CEO of Sephora (LVMH) from September 2020 to June 2022 and President – Europe, Middle East & Africa of Starbucks from July 2016 to April 2020; holds a B.B.A. in Marketing from Georgia State University and completed the Program for Management Development at Harvard Business School; effective September 1, 2025; initial term expires at the Company's 2026 Annual Meeting of Stockholders; assigned to Audit and Compensation Committees
• Independent Director Stephenie Landry, 47 — previously Chief Operating Officer of Honor Technology from January 2024 to April 2025; prior roles at Amazon including Vice President of Sustainability (December 2022–December 2023), Vice President of Worldwide Grocery (January 2020–June 2022), Vice President of Amazon Fresh & Whole Foods Online (October 2017–January 2020), and Vice President of Prime Now (December 2014–October 2017); holds a BA from Wellesley College and an MBA from the University of Michigan; effective September 1, 2025; initial term expires at the Company's 2026 Annual Meeting of Stockholders; assigned to Audit and Compensation Committees

• Board size increased from 10 to 12 directors effective September 1, 2025
• Martin Brok, 58, and Stephenie Landry, 47, appointed as independent directors and members of both the Audit and Compensation Committees
• Initial terms expire at the Company's 2026 Annual Meeting of Stockholders
• Post-appointment Board composition: 67% women, 33% racially diverse, and 50% appointed within the last five years
• Both directors will receive cash and equity compensation under the Company's non-employee director compensation program as described in the definitive proxy statement filed April 23, 2025
• Mr. Brok previously served as Global President & CEO of Sephora and President of Starbucks EMEA; Ms. Landry previously served as COO of Honor Technology and held multiple Vice President roles at Amazon