UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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 March 31, 2022, the Board of Directors (the “Board”) of G-III Apparel Group, Ltd. (the “Company”) elected Lisa Warner Wardell and Patti H. Ongman as directors to the Board.
As directors of the Company, each of Ms. Wardell and Ms. Ongman will receive the Company’s standard director compensation, which consists of (1) an cash annual retainer of $75,000 and (2) upon election as a director at the Annual Meeting of Stockholders in June 2022, a grant of restricted stock units valued at $130,000 in value (the “RSUs”). The RSU grants vest over a three-year period. In addition, each of them is expected to execute and receive the benefit of the Company’s standard form of indemnification agreement for directors and executive officers.
In addition, Willem van Bokhorst and Jeanette Nostra-Katz, directors of the Company, have notified the Company that they will not stand for reelection at the Company’s Annual Meeting of Stockholders to be held in June, 2022.
Item 8.01 Other Events.
On March 31, 2022, the Company issued a press release announcing the election of Ms. Wardell and Ms. Ongman to the Board. A copy of the press release issued is filed as Exhibit 99.1 to, and is incorporated by reference into, this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
99.1 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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EXHIBIT INDEX
Exhibit |
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99.1 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
G-III APPAREL GROUP, LTD. | ||
Date: March 31, 2022 | By: | /s/ Neal S. Nackman |
Name: | Neal S. Nackman | |
Title: | Chief Financial Officer | |
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