Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 36K
2: EX-99.1 Miscellaneous Exhibit HTML 14K
6: R1 Document and Entity Information Document HTML 45K
8: XML IDEA XML File -- Filing Summary XML 11K
11: XML XBRL Instance -- crox-20240415_htm XML 13K
7: EXCEL IDEA Workbook of Financial Report Info XLSX 8K
4: EX-101.LAB XBRL Labels -- crox-20240415_lab XML 62K
5: EX-101.PRE XBRL Presentations -- crox-20240415_pre XML 33K
3: EX-101.SCH XBRL Schema -- crox-20240415 XSD 10K
9: JSON XBRL Instance as JSON Data -- MetaLinks 12± 17K
10: ZIP XBRL Zipped Folder -- 0001334036-24-000076-xbrl Zip 18K
Registrant’s telephone number, including area code: (i303) i848-7000
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Trading symbol:
Name of each exchange on which registered:
iCommon
Stock, par value $0.001 per share
iCROX
iThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities
Act of 1933 (17 CFR 230.45) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company i☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Terence Reilly Appointment
Crocs, Inc. (the “Company”) has appointed Terence Reilly as Executive Vice President and President for the HEYDUDE
Brand (“HEYDUDE”), effective April 29, 2024. Mr. Reilly most recently served as the President of the Stanley Brand where he helped reshape the century-old insulated drinkware brand into a brand of current culture. Prior to his time at Stanley, Mr. Reilly served as the Chief Marketing Officer at Crocs, Inc., in addition to holding various other marketing leadership roles.
Rick Blackshaw Separation
On April 15, 2024, the Company made the decision to separate from Rick Blackshaw, Executive Vice President, Brand President for HEYDUDE, effective immediately (the “Separation Date”).
Upon
execution of a separation agreement and general release (the “Separation Agreement”), Mr. Blackshaw will be entitled to the payments and benefits relating to his separation as set forth in his employment offer letter, dated December 22, 2021, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024, specifically, (i) a lump sum severance payment of $675,000.04, which is equal to 12 months of base compensation, less applicable withholdings and deductions, and (ii) 12 months of outplacement assistance services. In addition, pursuant to the Separation Agreement, (i) Mr. Blackshaw will receive a special payment of $26,457.36, net, which is equivalent to 12 months of COBRA coverage under HEYDUDE’s medical, dental
and vision plans, (ii) the 2,632 shares of the Company’s common stock granted under Mr. Blackshaw’s Performance-Based Unit Agreement dated March 2, 2023 (the “PSU Award Agreement”), shall continue to be earned and shall vest and become payable at the end of the performance period (March 2, 2026), in accordance with the performance conditions set forth in the PSU Award Agreement, provided that the number of earned performance-based restricted stock units shall be prorated based on the number of days Mr. Blackshaw was employed during the performance period, and (iii) all other unvested equity awards, in accordance with the applicable equity plans and award agreements, will be cancelled and forfeited on the Separation Date.
The
foregoing description of the Separation Arrangement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Separation Arrangement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024.
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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.
