Evolus (EOLS) reclassifies chairman Vikram Malik to restore board balance

Rhea-AI Filing Summary

Evolus, Inc. reported a technical change to its board structure. After a prior director departure created an imbalance among its three director classes, the board reclassified director Vikram Malik from Class III to Class II on March 13, 2026 to restore an even distribution.

To accomplish this, Malik briefly resigned as a Class III director and was immediately reappointed as a Class II director, with his board service remaining continuous. He continues as Chairman of the Board and a member of the Compensation Committee, with no new equity awards and existing grants vesting under their original terms.

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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 13, 2026

EVOLUS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-38381

46-1385614

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

520 Newport Center Drive, Suite 1200

Newport Beach, California 92660

(Address of principal executive offices) (Zip Code)

(949) 284-4555

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.00001 per share			EOLS			The Nasdaq Stock Market LLC (Nasdaq Global Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

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.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Evolus, Inc.
Dated: March 13, 2026						/s/ David Moatazedi
						David Moatazedi
						President and Chief Executive Officer

FAQ

What board change did Evolus (EOLS) disclose in this 8-K filing?

Evolus disclosed a reclassification of director Vikram Malik from Class III to Class II to rebalance its classified board. This followed a prior director’s departure and did not interrupt Malik’s continuous service as a director or his role as Chairman.

Why was director Vikram Malik reclassified at Evolus (EOLS)?

Malik was reclassified to restore balance among the three director classes after former director Simone Blank stepped down. The board wanted two directors in each of Class I, Class II and Class III, so it moved Malik from Class III to Class II while keeping his service continuous.

Did Vikram Malik receive new compensation for becoming a Class II director at Evolus (EOLS)?

No, Malik did not receive any new equity award in connection with his appointment as a Class II director. The company stated that his existing equity awards remain in place and will continue to vest according to their original terms and conditions.

Will Vikram Malik’s role as Chairman of Evolus (EOLS) change after the reclassification?

His role as Chairman of the Board will not change following the reclassification. Evolus confirmed that Malik continues to serve as Chairman and remains a member of the Compensation Committee, with only his board class designation shifting from Class III to Class II.

How is the Evolus (EOLS) board structured after this director reclassification?

After the change, the Evolus board consists of six directors evenly distributed across three classes. There are now two directors in Class I, two in Class II, and two in Class III, aligning with the company’s classified board structure and its board refreshment efforts.

Are there related-party transactions involving Vikram Malik at Evolus (EOLS)?

The company stated there are no transactions involving Vikram Malik that require disclosure under Item 404(a) of Regulation S-K. It also noted there are no arrangements or understandings with any other person pursuant to which he was appointed as a Class II director.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB