Fossil settles with activist Buxton, adds two independent directors to board

Fossil Group, Inc.

Appoints Eugene Davis and Pamela Corrie to Board effective March 24, 2024; Davis on Audit Committee, Corrie on Nominating & Governance.
Enters cooperation agreement with Buxton Helmsley; Buxton withdraws nomination notice and books-and-records demand.
Board size capped at 10 directors; standstill and voting commitments from Buxton until 2025 annual meeting or change of control.
Both directors receive standard compensation: $140k annual cash retainer plus RSU grants; Corrie is Buxton's nominee.
Company references strategic review to maximize shareholder value and ongoing Transform and Grow Plan.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Pamela B. Corrie

Director

FOSL · Fossil Group, Inc.

Effective: 2024-03-24
Filed: March 25, 2024, 7:59 PM ET

On March 25, 2024, the Company announced that Eugene I. Davis and Pamela B Corrie have been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

Appointed

Eugene I. Davis

Director

FOSL · Fossil Group, Inc.

Effective: 2024-03-24
Filed: March 25, 2024, 7:59 PM ET

On March 25, 2024, the Company announced that Eugene I. Davis and Pamela B Corrie have been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Pamela B. Corrie was appointed as Director at Fossil Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

On March 25, 2024, the Company announced that Eugene I. Davis and Pamela B Corrie have been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Eugene I. Davis was appointed as Director at Fossil Group, Inc..

Action: appointed
Role: Director

Exact text from the filing

On March 25, 2024, the Company announced that Eugene I. Davis and Pamela B Corrie have been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

View on SEC.gov

Fossil Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-038442

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.