Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 3, 2020, the Compensation Committee of the Board approved amendments
to executive employment agreements to remove specific target metrics for the
executive bonus program. The amendments authorize the Compensation Committee to
structure, calculate and design the executive bonus program with the intent of
driving stockholder value and serving to align and engage employees. Effective
August 5, 2020, the Company, or Fox Factory, Inc., as applicable, entered into
amendments to the Amended and Restated Employment Agreement, dated June 29,
2019, with Michael C. Dennison, the Company's Chief Executive Officer (the
"Dennison Amendment"), the Employment Agreement, dated June 29, 2019 (the
"Winters Agreement"), with Richard T. Winters, President of the Powered Vehicles
Group (the "Winters Amendment"), and the Employment Agreement, dated May 1,
2018, with Christopher J. Tutton, President of the Specialty Sports Group (the
"Tutton Amendment" and together with the Winters Amendment and the Dennison
Amendment, the "Amendments").
The foregoing summary of the Amendments does not purport to be complete and is
subject to, and qualified in its entirety by, reference to the complete text of
the Amendments and the Winters Agreement, attached hereto as Exhibits 10.1,
10.2, 10.3 and 10.4 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished herewith:
      Exhibit Number        Description
                            Amendment to the Amended and Restated Employment Agreement, by and
           10.1             between Fox Factory Holding Corp. and Michael C. Dennison, dated August
                            5, 2020.
           10.2             Amendment to the Amended and Restated Employment Agreement, by and
                            between Fox Factory, Inc. and Richard T. Winters, dated August 5, 2020.
                            Amendment to the Amended and Restated Employment Agreement, by and
           10.3             between Fox Factory, Inc. and Christopher J. Tutton, dated August 5,
                            2020.
           10.4             Employment Agreement by and between Fox Factory, Inc. and Richard T.
                            Winters, dated June 29, 2019.
            104             Cover Page Interactive Data File (embedded with the Inline XBRL
                            document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses