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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 |
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
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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.) |
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):
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).
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:
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 | |||
3/28/14 | 10-K, 8-K, 8-K/A | |||
List all Filings |