secwatch.observer — SEC 8-K summary
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Issuer:     MOVADO GROUP INC (MOV)
CIK:        0000072573
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0000950142-21-002790
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Movado Group amends license agreement with Tapestry, revising pricing and sales minima
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- Second Amendment to license agreement with Tapestry effective Aug 25, 2021.
- Pricing revised for sales to Tapestry retail outlets; new definition of Licensor Price with redacted percentages.
- Sales minima revised: prior separate U.S./international minima combined into single annual minimum for FY2021-FY2025.
- Minimum Non-Licensor Channel Sales set for each contract year (amounts redacted).
- Termination provision modified: failure to meet sales minima not a default if minimum royalties are paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72573/000095014221002790/0000950142-21-002790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72573/000095014221002790/eh210181024_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-21-002790

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer