secwatch.observer — SEC 8-K summary
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Issuer:     G III APPAREL GROUP LTD /DE/ (GIII)
CIK:        0000821002
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001558370-22-004928
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

G-III Apparel elects Lisa Wardell and Patti Ongman to board; two directors not standing for reelection
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- Lisa Wardell (Executive Chairman of Adtalem) and Patti Ongman (former Macy's Chief Merchandising Officer) elected to Board.
- Each director receives $75,000 cash retainer plus $130,000 in restricted stock units vesting over three years.
- Willem van Bokhorst and Jeanette Nostra-Katz will not stand for reelection at June 2022 Annual Meeting; Nostra-Katz to remain as Senior Advisor.
- After changes, Board expands to 12 members, 75% independent (up from 67%), including 4 women and 3 diverse backgrounds.
- Wardell brings technology focus; Ongman adds omni-channel retail expertise to support management's brand strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821002/000155837022004928/0001558370-22-004928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821002/000155837022004928/giii-20220331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004928

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