On March 25, 2024, Fossil Group, Inc. announced that Eugene I. Davis has been appointed to the Board of Directors, effective March 24, 2024. The Company also announced that it has entered into a Cooperation Agreement with The Buxton Helmsley Group, Inc. (BHG). Pursuant to the Cooperation Agreement, the Company would welcome BHG nominee, Pamela B. Corrie, to the Board, effective March 24, 2024.

The Company added that the appointment of the 2 new independent directors reflects the Company?s commitment to ongoing Board refreshment and governance excellence. The Company stated that in the Company?s upcoming proxy statement, the Board would recommend 9 nominees to stand for election at the 2024 annual meeting of stockholders, consisting of the 2 new directors and 7 other nominees, who are current directors, to be selected by the Board.