Fossil Group Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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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 24, 2024
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (972 ) 234-2525
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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).
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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. | ||||
(e) On June 21, 2024, the stockholders of Fossil Group, Inc. (the “Company”) approved the Fossil Group, Inc. 2024 Long-Term Incentive Plan (the “2024 Plan”). The Board of Directors of the Company had previously approved the 2024 Plan, subject to stockholder approval. The material terms of the 2024 Plan are summarized in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on May 10, 2024 (the “Proxy Statement”), which description is incorporated by reference herein. This description of the 2024 Plan is qualified in its entirety by reference to the actual terms of the 2024 Plan, a complete copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. | ||||
The Company held the Annual Meeting on June 21, 2024 to (i) elect nine directors to the Board to serve for a term of one year or until their respective successors are elected and qualified (“Proposal 1”), (ii) hold an advisory vote on executive compensation (“Proposal 2”), (iii) vote on a proposal to approve the Fossil Group, Inc. 2024 Long-Term Incentive Plan (“Proposal 3”), (iv) vote on a proposal to amend the Company’s certificate of incorporation to effect a reverse stock split, with the exact ratio of, effective time of and decision to implement the reverse stock split at the discretion of the Board of Directors (“Proposal 4”) and (v) ratify the appointment of Deloitte and Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2024 (“Proposal 5”). For more information about the foregoing proposals, see the Proxy Statement.
The table below shows the final results of the voting at the Annual Meeting:
| Votes in Favor | Votes Cast Against | Abstain | Broker Non-Votes | |||||||||||||||||||||||
| Proposal 1 | ||||||||||||||||||||||||||
| Mark R. Belgya | 23,509,478 | 1,818,918 | 73,619 | 8,828,714 | ||||||||||||||||||||||
| Jeffrey N. Boyer | 24,852,577 | 475,808 | 73,630 | 8,828,714 | ||||||||||||||||||||||
| Pamela B. Corrie | 25,026,054 | 304,041 | 71,920 | 8,828,714 | ||||||||||||||||||||||
| Susie Coulter | 23,517,395 | 1,811,000 | 73,620 | 8,828,714 | ||||||||||||||||||||||
| Eugene I. Davis | 25,024,400 | 305,677 | 71,938 | 8,828,714 | ||||||||||||||||||||||
| Kim H. Jones | 23,303,998 | 2,022,641 | 75,376 | 8,828,714 | ||||||||||||||||||||||
| Kevin Mansell | 23,325,435 | 2,003,257 | 73,323 | 8,828,714 | ||||||||||||||||||||||
| Marc R. Y. Rey | 23,501,291 | 1,826,873 | 73,851 | 8,828,714 | ||||||||||||||||||||||
| Gail B. Tifford | 23,143,043 | 2,185,358 | 73,614 | 8,828,714 | ||||||||||||||||||||||
| Proposal 2 | 24,490,366 | 832,667 | 78,981 | 8,828,715 | ||||||||||||||||||||||
| Proposal 3 | 17,702,824 | 6,573,284 | 1,125,907 | 8,828,714 | ||||||||||||||||||||||
| Proposal 4 | 31,536,207 | 2,614,999 | 79,523 | — | ||||||||||||||||||||||
| Proposal 5 | 33,776,336 | 229,242 | 225,149 | — | ||||||||||||||||||||||
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits
| Exhibit No. | Document Description | |||||||
| 10.1 | ||||||||
| 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: June 25, 2024 | ||||||||
| FOSSIL GROUP, INC. | ||||||||
| By: | /s/ SUNIL M. DOSHI | |||||||
| Sunil M. Doshi | ||||||||
| Executive Vice President, Chief Financial Officer and Treasurer | ||||||||