FOSL Fossil Group Inc.

Fossil Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Fossil Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

RICHARDSON, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) --  Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that it is granting an equity award as a material inducement to the employment of the Company’s newly-hired Chief Executive Officer, Franco Fogliato.

In connection with the appointment of Mr. Fogliato as Chief Executive Officer effective September 18, 2024, the Company is granting Fogliato an employment inducement award consisting of 1,500,000 time-based restricted stock units (“RSUs”) with an effective grant date of October 15, 2024 (the “Grant Date”). The RSUs will vest 50% on the first anniversary of the Grant Date and 50% on the second anniversary of the Grant Date, subject to Fogliato’s continuous employment with the Company on each vesting date.

The inducement award to Fogliato was granted as a material inducement to his employment and was approved by the Company’s Board of Directors on September 1, 2024, in accordance with Nasdaq Listing Rule 5635(c)(4). The award was granted outside the Company’s equity incentive plan.

About Fossil Group, Inc.

Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at . 

Global Corporate Communications: 

James Webb 

Fossil Group 

Investor Relations:                

Christine Greany                                                                              

The Blueshirt Group                              



EN
15/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fossil Group Inc.

 PRESS RELEASE

Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Rel...

Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call RICHARDSON, Texas, July 30, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report second quarter 2025 financial results after market close on Wednesday, August 13, 2025, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company’s investor relations website at /investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, dis...

 PRESS RELEASE

Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer

Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025. With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group’s glo...

 PRESS RELEASE

Fossil Group, Inc. Reports First Quarter 2025 Financial Results

Fossil Group, Inc. Reports First Quarter 2025 Financial Results RICHARDSON, Texas, May 14, 2025 (GLOBE NEWSWIRE) -- First quarter worldwide net sales totaled $233 million Gross margin expanded 890 basis points to 61.3% First quarter operating loss of $7 million; constant currency adjusted operating income of $10 million and constant currency adjusted operating margin of 4.3% Total liquidity of $100 million Reiterates full year 2025 guidance Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended April 5, 2025. “We are pleased to deliver anothe...

 PRESS RELEASE

Fossil Group, Inc. Announces Date for First Quarter 2025 Earnings Rele...

Fossil Group, Inc. Announces Date for First Quarter 2025 Earnings Release and Conference Call RICHARDSON, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report first quarter 2025 financial results after market close on Wednesday, May 14, 2025, followed by a conference call to discuss the results at 5:00 p.m. ET the same day. The call can be accessed live on the Company’s investor relations website at /investors and will also be archived for replay. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distrib...

 PRESS RELEASE

Fossil Group, Inc. Announces Inducement Grants Under Nasdaq Listing Ru...

Fossil Group, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4) RICHARDSON, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that it is granting equity awards as a material inducement to the employment of the Company’s newly-hired Chief Digital Information Officer and General Manager EMEA, Antonio Carriero; Chief Commercial Officer, Joe Martin; and Chief Financial Officer, Randy Greben. In connection with the appointments of Carriero effective February 12, 2025, Martin effective February 17, 2025, and Greben e...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch