FOX FACTORY HOLDING CORP.

(FOXF)
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Delayed Nasdaq  -  04:00 2022-06-29 pm EDT
82.24 USD   -2.01%
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FOX FACTORY HOLDING CORP : Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

05/06/2022 | 04:19pm EDT

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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