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Movado Group Inc. – ‘8-K’ for 8/30/22

On:  Wednesday, 8/31/22, at 4:02pm ET   ·   For:  8/30/22   ·   Accession #:  950142-22-2622   ·   File #:  1-16497

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/31/22  Movado Group Inc.                 8-K:1       8/30/22   10:183K                                   Paul Weiss Ri… LLP 01/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     27K 
 5: R1          Cover                                               HTML     47K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- eh220278539_8k_htm                  XML     15K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  XBRL Labels -- mov-20220830_lab                      XML     96K 
 4: EX-101.PRE  XBRL Presentations -- mov-20220830_pre               XML     63K 
 2: EX-101.SCH  XBRL Schema -- mov-20220830                          XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    32K 
10: ZIP         XBRL Zipped Folder -- 0000950142-22-002622-xbrl      Zip     15K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:   C:   C:   C:   C:   C:   C:   C: 
 i 0000072573  i false 0000072573 2022-08-30 2022-08-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  i August 30, 2022

 

 i MOVADO GROUP, INC.
(Exact name of registrant as specified in its charter)

 

 i new york  i 1-16497  i 13-2595932
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

 

 i 650 FROM ROAD,  i SUITE 375

 i PARAMUS,  i new jersey  i 07652-3556

(Address of principal executive offices) (Zip Code)
 
( i 201)  i 267-8000
(Registrant’s Telephone Number, Including Area Code)
 
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 (see General Instruction A.2. below):

 

 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(s)  

Name of each exchange

on which registered

 i Common stock, par value $0.01 per share    i MOV    i New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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.

 

 

 C: 
  

 

 

Item 1.01.Entry into a Material Definitive Agreement.

On August 30, 2022, MGI Luxury Group GmbH (“MGI”), a wholly-owned Swiss subsidiary of Movado Group, Inc. (the “Company”), entered into an amended and restated License Agreement (the “Amended License Agreement”) with Lacoste S.A.S., Sporloisirs S.A. and Lacoste Alligator S.A. (together, the “Licensor”) . The Amended License Agreement amends and restates MGI’s prior license agreement with the Licensor entered into on March 28, 2014 (as amended, the “Prior License Agreement”).

The material modifications to the Prior License Agreement, as implemented by the Amended License Agreement, are as follows:

The expiration date has been extended from December 31, 2022 to December 31, 2031.

·The licensed products have been expanded to include jewelry in addition to watches.
·Royalty rates, sales minima, minimum royalties and minimum advertising and marketing expenditures have been specified through the extended term.

 

The other material provisions of the Amended License Agreement remain substantially unchanged from the Prior License Agreement.

The Company intends to file the Amended License Agreement as an exhibit to its quarterly report on Form 10-Q for the quarter ending October 31, 2022 and will seek confidential treatment of certain terms in the Amended License Agreement at such time.

 

 

 C: 
  

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 31, 2022

 

  MOVADO GROUP, INC.  
       
  By: /s/ Mitchell Sussis  
  Name: Mitchell Sussis  
  Title: Senior Vice President, General Counsel and Secretary  

 

 

 C: 
  

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
12/31/31
12/31/22
10/31/22
Filed on:8/31/22
For Period end:8/30/22
3/28/1410-K,  8-K,  8-K/A
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Filing Submission 0000950142-22-002622   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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