Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At the 2022 Annual Meeting of Stockholders (the "Annual Meeting") of Fox Factory
Holding Corp. (the "Company"), the Company's stockholders approved the Company's
2022 Omnibus Incentive Plan (the "2022 Plan"). The 2022 Plan became effective as
of such stockholder approval. The 2022 Plan had previously been approved by the
Company's Board of Directors, subject to stockholder approval. The 2022 Plan
authorizes award grants of incentive stock options, nonqualified stock options,
stock appreciation rights, restricted stock, unrestricted stock, restricted
stock units, performance shares, performance units and any other type of award
authorized by the 2022 Plan to the Company's and its affiliates' employees
(including officers), directors and consultants. The 2022 Plan will be
administered by the Compensation Committee of the Company's Board of Directors
(the "Board") subject to certain delegation rights permitted thereunder. Unless
earlier terminated by the Board, the 2022 Plan will expire on the tenth
anniversary of its effective date.
The 2022 Plan is designed to replace the Company's 2013 Omnibus Plan, as amended
(the "2013 Plan"), for awards granted on or after May 6, 2022. Any awards
granted under the 2013 Plan remain in effect pursuant to the terms of the 2013
Plan and the respective award agreements thereunder. Effective as of May 6,
2022, awards will be issued under the 2022 Plan and no further awards will be
granted under the 2013 Plan.
A more detailed description of the 2022 Plan was set forth in the Company's
Proxy Statement filed with the Securities and Exchange Commission on March 23,
2022 under the heading "Proposal 3 - Approval of the Fox Factory Holding Corp.
2022 Omnibus Incentive Plan" and is incorporated herein by reference. The
foregoing summary is not intended to be complete and is qualified in its
entirety by reference to the full text of the 2022 Plan, a copy of which is
attached hereto as Exhibit 10.1 and incorporated herein by reference. A copy of
the Form of Non-Employee Director Restricted Stock Unit Award Agreement (U.S.),
Form of Employee Restricted Stock Unit Award Agreement (U.S.) and Form of
Performance Share Unit Award Agreement for the 2022 Plan are attached to this
Form 8-K as Exhibits 10.2, 10.3 and 10.4, respectively, and incorporated herein
by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The 2022 Annual Meeting was held on May 6, 2022, at 1:00 p.m., Eastern Time. A
total of 42,132,376 shares of the Company's common stock, were outstanding and
entitled to vote as of March 8, 2022, the record date for the 2022 Annual
Meeting. A total of 40,442,370 shares of the Company's common stock were present
or represented by proxy at the 2022 Annual Meeting, representing approximately
95.99% of the shares outstanding and entitled to vote at the 2022 Annual
Meeting, thus providing a quorum.
Set forth below are the matters acted upon by the stockholders and the number of
votes with respect to each proposal, as certified by the inspector of election.
Proposal No. 1: Election of Directors
The Company's stockholders elected Thomas E. Duncan and Jean H. Hlay to serve on
the Company's Board of Directors as Class III directors, for a three year term,
ending at the 2025 Annual Meeting of Stockholders, by the votes indicated below:
Director Nominee For Withheld Broker Non-Votes
Thomas E. Duncan 37,719,912 1,557,913 1,164,545
Jean H. Hlay 39,050,633 227,192 1,164,545
Proposal 2: Ratification of Appointment of Independent Public Accountants
The Company's stockholders ratified the appointment of Grant Thornton LLP as the
Company's independent public accountants for fiscal year 2022 by the votes
indicated below:
For Against Abstain Broker Non-Votes
40,322,889 97,333 22,148 0
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Proposal 3: Approval of Fox Factory Holding Corp.'s 2022 Omnibus Incentive Plan
The Company's stockholders approved the Fox Factory Holding Corp. 2022 Omnibus
Incentive Plan by the votes indicated below:
For Against Abstain Broker Non-Votes
38,431,558 813,176 33,091 1,164,545
Proposal 4: Advisory Vote on the Company's Executive Compensation
The Company's stockholders approved, on an advisory basis, the resolution
approving the compensation of the Company's named executive officers as
disclosed in the Company's definitive proxy statement by the votes indicated
below:
For Against Abstain Broker Non-Votes
37,743,322 1,509,251 25,252 1,164,545
For more information regarding Proposals 1, 2, 3 and 4, please refer to the
Company's definitive proxy statement, as filed with the Securities and Exchange
Commission on March 23, 2022.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished herewith:
Exhibit Number Description
10.1 Fox Factory Holding Corp. 2022 Omnibus Plan
Form of Non-Employee Director Restricted Stock Unit Award Agreement
10.2 under 2022 Omnibus Plan (U.S.)
Form of Employee Restricted Stock Unit Award Agreement under 2022
10.3 Omnibus Plan (U.S.)
10.4 Form of Performance Share Unit Award Agreement under 2022 Omnibus Plan
Cover Page Interactive Data File (embedded with the Inline XBRL
104 document)
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