Fossil Group Inc. filed SEC Form 8-K: Leadership Update
$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): January 10, 2025
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer | ||||||||||||
| incorporation or organization) | Identification No.) | |||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (972 ) 234-2525
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Title of each class | Ticker Symbol | Name of each exchange on which registered | ||||||||||||
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).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On January 10, 2025, Fossil Group, Inc. (the “Company”) informed Jeffrey N. Boyer, Chief Operating Officer, that his position with the Company was being eliminated in connection with the Company’s ongoing Transform and Grow strategy. Mr. Boyer will remain employed with the Company through January 17, 2025. Mr. Boyer’s responsibilities will be assumed by other officers at the Company.
Mr. Boyer had previously entered into an Executive Severance Agreement with the Company (the “Agreement”) and will receive certain payments and benefits in connection with a termination of service without cause under the Agreement.
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: January 13, 2025 | ||||||||
| FOSSIL GROUP, INC. | ||||||||
| By: | /s/ Randy S. Hyne | |||||||
| Randy S. Hyne | ||||||||
| Chief Legal Officer and Secretary | ||||||||