{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-022975","form_type":"8-K","ticker":"FOSL","cik":"0000883569","company_name":"Fossil Group, Inc.","filed_at":"2025-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.660689+00:00","generated_at":"2026-05-24T22:57:46.098646+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fossil Group Q4 net sales down 19% to $342M; appoints Randy Greben as CFO, outlines turnaround","bullets":["Q4 net sales $342M (-19% YoY); adjusted operating income $20.1M; diluted EPS -$0.14, adjusted EPS $0.39.","Inventory fell 29.4% to $178.6M; Q4 free cash flow $30M; total liquidity $177M.","Turnaround plan: ~$100M SG&A savings in 2025, closure of ~50 stores, distributor model in select markets.","2027 targets: net sales >$800M, mid-single-digit adj. operating margin, positive free cash flow.","Randy Greben appointed CFO (eff. Mar 17); $575K base salary, 75% target bonus, 150K RSU inducement award."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-022975","json":"https://secwatch.observer/filing/0001104659-25-022975.json","markdown":"https://secwatch.observer/filing/0001104659-25-022975.md","text":"https://secwatch.observer/filing/0001104659-25-022975.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/883569/000110465925022975/0001104659-25-022975-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/883569/000110465925022975/tm258816d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T22:57:46.098646+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d29ca18ddf","claim":"Randy Greben was appointed as Chief Financial Officer at Fossil Group, Inc..","evidence_excerpt":"On March 7, 2025, the Board of Directors (the “Board”) of the Company has appointed Randy Greben to serve as Chief Financial Officer of the Company, effective as of March 17, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000110465925022975/0001104659-25-022975-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"e4c715c04c","claim":"Andy Skobe departed as Interim Chief Financial Officer at Fossil Group, Inc..","evidence_excerpt":"Mr. Greben is assuming the role of Chief Financial Officer from Andy Skobe, who was serving as Interim Chief Financial Officer pursuant to an agreement with Ankura Consulting Group, LLC.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/883569/000110465925022975/0001104659-25-022975-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}