---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015348"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T02:09:51.583173+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# G-III Apparel enters new employment agreement with Vice Chairman Sammy Aaron reducing cash incentive, increasing equity

## Summary
- New Employment Agreement replaces prior deal; base salary remains $1M/year.
- Annual cash incentive restructured to $3M target (from 4% of pre-tax income), with max 2x and no bonus below 80% goal.
- Annual equity grant of 225k shares (60% PSUs, 40% RSUs) with max $4.5M grant-date fair value.
- One-time special bonus of $2M and retention bonus of $1M (payable Jan 31, 2025).
- Term through January 31, 2025 with auto-renewal; company cites responsiveness to stockholder Say on Pay concerns.

## SEC filing metadata
- accession: 0001558370-23-015348
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 10.1, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837023015348/0001558370-23-015348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837023015348/giii-20230829x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015348
- JSON: https://secwatch.observer/filing/0001558370-23-015348.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015348.txt

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