---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-26-000061"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2026-10-16T20:06:27+00:00"
generated_at: "2026-10-16T20:07:12.309235+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Fox Factory CEO Dennison steps down; Grimm named Interim CEO as Q3 results miss and FY26 outlook is cut

## Summary
- Board named independent director Douglas J. Grimm Interim CEO effective Oct 16, 2026; Mike Dennison stepped down as CEO and from the Board, which shrank from 7 to 6 members.
- Grimm's Interim CEO agreement: $1,065,000 annual base salary, $600,000 completion bonus, $2 million RSU target and up to $1.6 million more if service extends past six months.
- Preliminary Q3 fiscal 2026 net sales of $336M-$340M vs $355M-$380M guidance; adjusted EBITDA $38M-$42M excluding ~$12M IEEPA tariff refunds, vs $46M-$54M guidance.
- FY2026 outlook cut to net sales of $1.35B-$1.38B from $1.42B-$1.47B and adjusted EBITDA of $140M-$150M from $176M-$196M, partly on the Sept 25, 2026 Marucci divestiture.
- Board retained Heidrick & Struggles for a permanent CEO search led by Chair Jean Hlay with Tom Duncan and Grimm; Alan Bazaar replaces Grimm as Audit Committee chair.

## SEC filing metadata
- accession: 0001424929-26-000061
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2026-10-16T20:06:27+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000061/0001424929-26-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000061/foxf-20261015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-26-000061
- JSON: https://secwatch.observer/filing/0001424929-26-000061.json
- Plain text: https://secwatch.observer/filing/0001424929-26-000061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.