FOSSIL GROUP, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
January 03, 2020 at 09:38 pm IST
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 27, 2019, the Board of Directors (the "Board") of Fossil Group, Inc.
(the "Company") adopted the Fossil Group, Inc. 2020 Cash Incentive Plan (the
"Incentive Plan").
The Incentive Plan provides for awards of cash incentive compensation that are
payable upon satisfaction of specified performance goals over a specified
performance period. The Compensation Committee of the Board (the "Compensation
Committee") will (i) determine the employees who are eligible to participate in
the Incentive Plan, (ii) establish the performance goals and achievement levels
for each participant and (iii) establish and certify the achievement of the
performance goals. The Compensation Committee may, in the case of certain
employees, authorize one or more officers of the Company to (i) determine the
amount of incentive compensation payable to such employees in accordance with
the terms of the Incentive Plan, (ii) establish performance goals for such
employees, and certify whether, and to what extent, such performance goals were
achieved for the applicable performance period and (iii) increase or reduce the
incentive compensation payable to such employees, and authorize payment to such
employees. Employees of the Company and its subsidiaries can be eligible to
participate in the Incentive Plan.
The description above is qualified in its entirety by reference to the full text
of the Incentive Plan, filed as Exhibit 10.1 to this Current Report on Form 8-K
and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Document Description
10.1 Fossil Group, Inc. 2020 Cash Incentive Plan.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Companyâs principal offerings include a line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Its segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.
FOSSIL GROUP, INC. 
