Fossil Group Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
$FOSL
Consumer Specialties
Consumer Discretionary
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): June 25, 2024
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On June 25, 2024, Sunil M. Doshi, the Chief Financial Officer (principal financial and accounting officer) (“CFO”) and Treasurer of Fossil Group, Inc. (the “Company”), notified the Company of his intent to resign from the Company, effective July 19, 2024. Mr. Doshi’s resignation is not a result of any disagreement with the Company or any matter relating to its financial statements, internal controls, operations, policies or practices. Jeffrey N. Boyer, the Company’s Interim Chief Executive Officer, has been appointed the Company’s principal financial and accounting officer for the transition period.
The Company has engaged Ankura Consulting Group, LLC (“Ankura”), a financial consulting firm, to provide interim CFO services to the Company. Pursuant to the terms of the agreement with Ankura, the Company has appointed Andy Skobe as the Company’s Interim Chief Financial Officer, effective immediately. The Company has initiated a search for a permanent CFO successor to Mr. Doshi.
| Item 7.01 | Regulation FD Disclosure. | ||||
On July 1, 2024, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 hereto, announcing the matters described in Item 5.02 above.
The information in Item 7.01 of this Current Report and the accompanying Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to Item 7.01 of this Current Report in such a filing.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits
| Exhibit No. | Document Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 1, 2024 | ||||||||
| FOSSIL GROUP, INC. | ||||||||
| By: | /s/ Randy S. Hyne | |||||||
| Randy S. Hyne | ||||||||
| Chief Legal Officer and Secretary | ||||||||