Fox Factory President of Aftermarkets Applications Group departs; severance details disclosed

FOX FACTORY HOLDING CORP

Thomas L. Fletcher separated as President, Aftermarkets Applications Group effective Aug 1, 2024; termination without cause.
Severance includes 12 months base salary ($445,000) paid bi-weekly and pro-rata 2024 performance bonus in 2025.
Fletcher forfeited 9,763 unvested RSUs; 16,874 unvested PSUs eligible for pro-rated payout if performance goals achieved.
Company retains Fletcher for transition services up to 20 hours/month through Aug 1, 2025; also retains company vehicle.

item 5.02 item 9.01

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Departed

Thomas L. Fletcher

President, Aftermarkets Applications Group

FOXF · FOX FACTORY HOLDING CORP

Effective: 2024-08-01
Filed: August 15, 2024, 7:59 PM ET

On July 31, 2024, the Board of Directors (the “Board”) of Fox Factory Holding Corp. (the “Company”) approved and announced the departure of Thomas L. Fletcher, President, Aftermarkets Applications Group, effective August 1, 2024 (the “Effective Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas L. Fletcher departed as President, Aftermarkets Applications Group at FOX FACTORY HOLDING CORP.

Action: departed
Role: President, Aftermarkets Applications Group

Exact text from the filing

On July 31, 2024, the Board of Directors (the “Board”) of Fox Factory Holding Corp. (the “Company”) approved and announced the departure of Thomas L. Fletcher, President, Aftermarkets Applications Group, effective August 1, 2024 (the “Effective Date”).

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Source: SEC EDGAR

accession 0001424929-24-000119

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