Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2022, the Board of Directors (the "Board") of G-III Apparel Group,
Ltd. (the "Company") elected Lisa Warner Wardell and Patti H. Ongman as
directors to the Board.
As directors of the Company, each of Ms. Wardell and Ms. Ongman will receive the
Company's standard director compensation, which consists of (1) an cash annual
retainer of $75,000 and (2) upon election as a director at the Annual Meeting of
Stockholders in June 2022, a grant of restricted stock units valued at $130,000
in value (the "RSUs"). The RSU grants vest over a three-year period. In
addition, each of them is expected to execute and receive the benefit of the
Company's standard form of indemnification agreement for directors and executive
officers.
In addition, Willem van Bokhorst and Jeanette Nostra-Katz, directors of the
Company, have notified the Company that they will not stand for reelection at
the Company's Annual Meeting of Stockholders to be held in June, 2022.
Item 8.01 Other Events.
On March 31, 2022, the Company issued a press release announcing the election of
Ms. Wardell and Ms. Ongman to the Board. A copy of the press release issued is
filed as Exhibit 99.1 to, and is incorporated by reference into, this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Press release of G-III Apparel Group, Ltd. issued on March 31, 2022
99.1 relating to the election of Lisa Warner Wardell and Patti H. Ongman to the
Company's Board of Directors.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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