secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2026-10-16T20:06:27+00:00
Accession:  0001424929-26-000061
Event type: leadership
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000061/0001424929-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000061/foxf-20261015.htm
  HTML page:      https://secwatch.observer/filing/0001424929-26-000061

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