Ulta 2015 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2015 Ulta annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

Distribution Centers
As of January 30, 2016, we operated four distribution facilities located in Romeoville, Illinois, Phoenix, Arizona,
Chambersburg, Pennsylvania and Greenwood, Indiana. The Romeoville warehouse is approximately 291,000
square feet. The lease for the Romeoville warehouse expires on April 30, 2017. The Phoenix warehouse is
approximately 437,000 square feet. The lease for the Phoenix warehouse expires on March 31, 2019 and has
three renewal options with terms of five years each. The Chambersburg warehouse is approximately 373,000
square feet. The lease for the Chambersburg warehouse expires on March 31, 2027 and has three renewal options
with terms of five years each. The Greenwood warehouse is approximately 671,000 square feet. The lease for the
Greenwood warehouse expires on July 31, 2025 and has four renewal options with terms of five years each.
In December 2014, we entered into a lease for a distribution center located in Dallas, Texas. The Dallas
warehouse is approximately 671,000 square feet and is expected to open in fiscal 2016. The lease expires on
July 31, 2026 and has four renewal options with terms of five years each.
Corporate Office
Our principal executive office is in Bolingbrook, Illinois. The corporate office is approximately 157,000 square
feet with lease terms expiring from 2020 to 2028.
Item 3. Legal Proceedings
See Note 4 to our consolidated financial statements, “Commitments and contingencies – General litigation,” for
information on legal proceedings.
Item 4. Mine Safety Disclosures
None.
EXECUTIVE OFFICERS OF THE REGISTRANT
The names of our executive officers, their ages and their positions are shown below.
Name Age Position
Mary N. Dillon . . . . . . . . . . . . 54 Chief Executive Officer and member of the Board of Directors
Scott M. Settersten . . . . . . . . . 55 Chief Financial Officer, Treasurer and Assistant Secretary
Jodi J. Caro . . . . . . . . . . . . . . . 50 General Counsel and Corporate Secretary
Jeffrey J. Childs . . . . . . . . . . . 58 Chief Human Resources Officer
David C. Kimbell . . . . . . . . . . 49 Chief Merchandising and Marketing Officer
There is no family relationship between any of the Directors or executive officers and any other Director or
executive officer of Ulta Beauty.
Mary N. Dillon. Ms. Dillon was named Chief Executive Officer effective July 2013. Prior to joining Ulta
Beauty, she was President and Chief Executive Officer and a director of U.S. Cellular from June 2010 to July
2013. From 2005 to 2010, Ms. Dillon served as Global Chief Marketing Officer and Executive Vice President for
McDonald’s Corporation. Prior to joining McDonald’s Corporation, she held various positions at PepsiCo,
including President of the Quaker Foods division. Ms. Dillon serves as a member of the Board of Directors for
Starbucks Corporation and previously served on the board of Target Corporation from 2007 to 2013.
Scott M. Settersten. Mr. Settersten was named Chief Financial Officer, Treasurer and Assistant Secretary in
March 2013 after having previously served as Acting Chief Financial Officer and Assistant Secretary since
October 18, 2012. Prior to this role, Mr. Settersten served as Vice President of Accounting since 2010 and was
responsible for accounting, tax, external reporting and investor relations. He joined Ulta Beauty in January 2005
as a Director of Financial Reporting. Prior to joining Ulta Beauty, Mr. Settersten spent 15 years with
PricewaterhouseCoopers LLP as a certified public accountant serving in various senior manager roles in the
assurance and risk management practices.
Jodi J. Caro. Ms. Caro was named General Counsel and Corporate Secretary in August 2015. Prior to joining Ulta
Beauty, she was Vice President, General Counsel and Secretary for Integrys Energy Group, in addition to holding
23