Evolus, Inc. 8-K

What Happened

• Evolus, Inc. announced on March 13, 2026 that the Board reclassified Vikram Malik from a Class III director to a Class II director to restore balance after Simone Blank stepped down. Mr. Malik resigned as a Class III director immediately prior to his immediate reappointment and designation as a Class II director. His service on the Board was continuous and uninterrupted by these actions. He will serve as a Class II director until the Company’s 2026 annual meeting of stockholders. Mr. Malik continues as Chairman of the Board and as a member of the Compensation Committee.

Key Details

• Date of action: March 13, 2026 (filed via Form 8-K).
• Board composition after action: six directors total, with two directors in each of Class I, Class II and Class III.
• Mr. Malik received no new equity awards in connection with the reclassification; existing equity awards will continue to vest under their original terms.
• No arrangements or transactions requiring disclosure under Item 404(a) of Regulation S-K were reported in connection with his appointment.

Why It Matters

• This maintains continuity of board leadership (the Chairman remains in place) while restoring the intended balance of the company’s classified board structure.
• There is no immediate compensation or equity dilution tied to the change, and the reclassification sets up Mr. Malik and the other Class II directors to stand for election at the 2026 annual meeting—an upcoming governance milestone investors may watch.