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Stock Market & Financial Investment News

News Breaks
May 1, 2014
07:05 EDTSBHSally Beauty announces CEO succession plan
Following the completion of its succession planning process, the Board approved the appointment of Christian A. Brickman as the company’s new President and COO effective June 2, 2014. At the request of the Board, Gary Winterhalter, the Company’s current Chairman, CEO and President will continue his management of the Company in his current roles as the Company’s Chairman of the Board and CEO through April 30, 2015 or such earlier date as the Board may determine, and will work with the Board and Mr. Brickman to facilitate a transition of his duties and responsibilities as Chief Executive Officer to Mr. Brickman during this period. Upon the successful transition of the role of CEO, Mr. Winterhalter has agreed to continue serving at the discretion of the Board as Executive Chairman of the Board through January 2018 performing such duties as are customary for that position and as are requested by the CEO or the Board. Mr. Brickman will continue to serve as a member of the Board.
News For SBH From The Last 14 Days
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May 28, 2015
17:07 EDTSBHSally Beauty confirms criminal use of malware on point-of-sale systems
Sally Beauty Holdings updated its customers on its ongoing investigation of the illegal intrusion into its payment card systems and efforts to provide support to customers who may have been affected by the incident. As previously announced, the company began an investigation into a possible security incident shortly after it received reports in late April of unusual activity involving payment cards used at some of its U.S. Sally Beauty stores. Since then, the company has been working diligently with the help of law enforcement and leading third-party forensics experts to seek to ensure that its customers are protected. The company can now confirm criminals used malware believed to have been effectively deployed on some of its point-of-sale systems at varying times between March 6th and April 17th, 2015. Accordingly, the payment card information of customers that used cards at affected U.S. Sally Beauty stores during this time may have been put at risk. In addition: Sally Beauty does not collect or store PIN data. Therefore, the company has no reason to believe, and has received no information to suggest, that debit card PINs may have been impacted. The company has eliminated this malware from all Sally Beauty point-of-sale systems “We regret any inconvenience this incident may have caused our customers, and we want to reassure them that protecting our customers is our priority,” said Chris Brickman, President and CEO. “Because we cannot pinpoint exactly which cards might have been affected during our reported date range, we are offering credit monitoring services to any customer who used their payment card at a U.S. Sally Beauty store between March 6th and April 17th.

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