[8-K] Fossil Group, Inc. Reports Material Event
Fossil Group entered into an exchange agreement on August 13, 2025 to convert an aggregate of 2,500,000 outstanding common shares into pre-funded warrants to purchase 2,500,000 common shares, exercisable at $0.01 per share. The warrants do not expire prior to exercise and the company agreed to pay $0.01 per surrendered share to the exchanging stockholders.
The Exchange Warrants cannot be exercised by the exchanging holders to the extent such exercise would result in beneficial ownership above 9.99%, and the warrants include a restriction that prevents exercisability above 19.99% without shareholder approval required by Nasdaq rules. The warrants were issued without registration under the Securities Act relying on exemptions, and the company agreed to file a registration statement covering resale of shares issuable upon exercise after certain post-closing periods. The Exchange Agreement and form of warrant are filed as Exhibits 10.1 and 4.1.
Fossil Group ha stipulato un accordo di scambio il 13 agosto 2025 per convertire un totale di 2,500,000 azioni ordinarie in circolazione in warrant prefinanziati per l'acquisto di 2,500,000 azioni ordinarie, esercitabili a $0.01 per azione. I warrant non scadono prima dell'esercizio e la societ脿 ha concordato di pagare $0.01 per azione consegnata agli azionisti che partecipano allo scambio.
I Warrant di Scambio non possono essere esercitati dai detentori che effettuano lo scambio nella misura in cui tale esercizio comporterebbe una partecipazione beneficiaria superiore a 9.99%, e i warrant includono una restrizione che impedisce l'esercitabilit脿 oltre il 19.99% senza l'approvazione degli azionisti richiesta dalle regole del Nasdaq. I warrant sono stati emessi senza registrazione ai sensi del Securities Act, avvalendosi di esenzioni, e la societ脿 si 猫 impegnata a depositare una dichiarazione di registrazione per la rivendita delle azioni emesse a seguito dell'esercizio dopo determinati periodi post-closing. L'Accordo di Scambio e il modello di warrant sono depositati come Exhibits 10.1 e 4.1.
Fossil Group celebr贸 un acuerdo de intercambio el 13 de agosto de 2025 para convertir un total de 2,500,000 acciones ordinarias en circulaci贸n en warrants prefinanciados para comprar 2,500,000 acciones ordinarias, ejercitables a $0.01 por acci贸n. Los warrants no vencen antes de ser ejercitados y la compa帽铆a acord贸 pagar $0.01 por acci贸n entregada a los accionistas que participan en el intercambio.
Los Warrants de Intercambio no pueden ser ejercidos por los tenedores que intercambian en la medida en que dicho ejercicio resultara en una participaci贸n beneficiaria superior al 9.99%, y los warrants incluyen una restricci贸n que impide su ejercicio por encima del 19.99% sin la aprobaci贸n de los accionistas exigida por las normas de Nasdaq. Los warrants se emitieron sin registro conforme al Securities Act, ampar谩ndose en exenciones, y la compa帽铆a se comprometi贸 a presentar una declaraci贸n de registro que cubra la reventa de las acciones que puedan emitirse al ejercerse, tras determinados plazos posteriores al cierre. El Acuerdo de Intercambio y el formulario del warrant se presentan como Exhibits 10.1 y 4.1.
Fossil Group電� 2025雲� 8鞗� 13鞚�, 齑� 2,500,000欤检潣 旮办〈 氤错喌欤茧ゼ 2,500,000欤检潣 氤错喌欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 靷爠雮╈瀰(頂勲Μ韼�霐旊摐) 鞗岆煱韸鸽 鞝勴櫂頃橂姅 甑愴櫂瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞗岆煱韸鸽姅 欤茧嫻 $0.01鞐� 頄夓偓頃� 靾� 鞛堨溂氅�, 頄夓偓 鞚挫爠鞐� 毵岆霅橃 鞎婌姷雼堧嫟. 霕愴暅 須岇偓電� 甑愴櫂鞐� 彀胳棳頃� 欤检＜霌れ棎瓴� 鞏戨弰霅� 欤检嫕 1欤茧嫻 $0.01鞚� 歆�旮夗晿旮半 頃╈潣頄堨姷雼堧嫟.
甑愴櫂 鞗岆煱韸鸽姅 頃措嫻 頄夓偓臧� 氤挫湢鞛愳潣 鞁れ鞝� 靻岇湢 歆�攵勳潉 9.99%毳� 齑堦臣頃橁矊 頃橂姅 氩旍渼鞐愳劀電� 甑愴櫂 氤挫湢鞛愱皜 頄夓偓頃� 靾� 鞐嗢溂氅�, 鞗岆煱韸胳棎電� Nasdaq 攴滌爼鞐� 霐半澕 欤检＜ 鞀轨澑鞚� 鞐嗠姅 瓴届毎 19.99%毳� 齑堦臣頃橃棳 頄夓偓臧� 攵堦皜電ロ晿霃勲 頃橂姅 鞝滍暅鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚� 鞗岆煱韸鸽摛鞚� Securities Act鞐� 霐半ジ 霌彪 鞐嗢澊 鞓堨櫢 攴滌爼鞐� 鞚橁卑頃橃棳 氚滍枆霅橃棃瓿�, 須岇偓電� 韸轨爼 膦呹舶 頉� 旮瓣皠鞚� 歆�雮� 頉� 頄夓偓搿� 氚滍枆霅� 靾� 鞛堧姅 欤检嫕鞚� 鞛寪毵るゼ 鞙勴暅 霌彪鞁犼碃靹滊ゼ 鞝滌稖頃橁赴搿� 頃╈潣頄堨姷雼堧嫟. 甑愴櫂瓿勳暯靹滌檧 鞗岆煱韸� 鞏戩嫕鞚� 歃濍箼靹滊(Exhibits) 10.1 氚� 4.1搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
Fossil Group a conclu un accord d'茅change le 13 ao没t 2025 visant 脿 convertir au total 2,500,000 actions ordinaires en circulation en warrants pr茅financ茅s permettant d'acheter 2,500,000 actions ordinaires, exer莽ables au prix de $0.01 par action. Les warrants ne viennent pas 脿 expiration avant d'锚tre exerc茅s et la soci茅t茅 a accept茅 de verser $0.01 par action remise aux actionnaires participant 脿 l'茅change.
Les Exchange Warrants ne peuvent 锚tre exerc茅s par les d茅tenteurs 茅changeant que dans la limite o霉 cet exercice n'entra卯nerait pas une d茅tention b茅n茅ficiaire sup茅rieure 脿 9.99%, et les warrants comportent une restriction emp锚chant l'exercice au-del脿 de 19.99% sauf obtention de l'approbation des actionnaires requise par les r猫gles du Nasdaq. Les warrants ont 茅t茅 茅mis sans enregistrement en vertu du Securities Act en s'appuyant sur des exemptions, et la soci茅t茅 s'est engag茅e 脿 d茅poser une d茅claration d'enregistrement couvrant la revente des actions susceptibles d'锚tre 茅mises 脿 l'exercice, apr猫s certains d茅lais post-cl么ture. L'accord d'茅change et le mod猫le de warrant sont d茅pos茅s en tant qu'Exhibits 10.1 et 4.1.
Fossil Group hat am 13. August 2025 eine Tauschvereinbarung geschlossen, um insgesamt 2,500,000 ausstehende Stammaktien in pre-funded Warrants zum Erwerb von 2,500,000 Stammaktien umzuwandeln, die zu $0.01 je Aktie aus眉bbar sind. Die Warrants laufen vor der Aus眉bung nicht ab, und das Unternehmen hat zugestimmt, den tauschenden Aktion盲ren $0.01 pro abgegebener Aktie zu zahlen.
Die Exchange Warrants k枚nnen von den tauschenden Inhabern nicht ausge眉bt werden, soweit eine Aus眉bung zu einem wirtschaftlichen Eigentumsanteil von mehr als 9.99% f眉hren w眉rde, und die Warrants enthalten eine Beschr盲nkung, die eine Aus眉bung 眉ber 19.99% hinaus ohne die von den Nasdaq-Regeln geforderte Zustimmung der Aktion盲re verhindert. Die Warrants wurden ohne Registrierung nach dem Securities Act unter Berufung auf Ausnahmen ausgegeben, und das Unternehmen hat sich verpflichtet, eine Registrierungserkl盲rung einzureichen, die den Weiterverkauf der bei Aus眉bung auszugebenden Aktien nach bestimmten Nachschlussfristen abdeckt. Die Tauschvereinbarung und das Formular des Warrants sind als Exhibits 10.1 und 4.1 eingereicht.
- 2,500,000 shares converted to pre-funded warrants, enabling structured reissuance without immediate dilution to public float
- Warrants carry a nominal $0.01 exercise price and do not expire prior to exercise, providing clarity on conversion economics
- Transaction includes a company commitment to file a registration statement covering resale of shares issuable upon exercise
- Warrants were issued without registration relying on exemptions (Section 3(a)(9) and/or 4(a)(2)), limiting immediate public liquidity of the issuable shares
- Exercise is restricted to prevent exceeding 9.99% beneficial ownership, but eventual exercises could still materially increase outstanding shares and dilute existing shareholders
- Warrants include a provision restricting exercisability above 19.99% without stockholder approval, indicating potential for ownership concentration concerns
Insights
TL;DR: Conversion of 2.5M shares into pre-funded warrants at a nominal strike creates potential dilution but includes ownership caps and a registration commitment.
The transaction replaces existing common shares with pre-funded warrants exercisable at $0.01, preserving the company鈥檚 capital structure while creating a clear pathway for holders to re-acquire shares subject to limits. The 9.99% beneficial ownership cap and the 19.99% Nasdaq-related restriction constrain large immediate ownership shifts. Issuance relied on Section 3(a)(9)/4(a)(2) exemptions, which limits initial liquidity until the company completes the promised registration filing. For investors, the key metrics are 2,500,000 warrants and the nominal exercise price; impact depends on eventual exercise and registration timing.
TL;DR: The agreement reallocates equity into non-voting pre-funded warrants with explicit exercise limitations and a commitment to file for resale registration.
Governance implications include the issuance of instruments that generally do not carry voting rights, other than what Delaware law may require, which preserves current shareholder voting dynamics. The exercise limits (9.99% cap and 19.99% approval threshold) reflect attention to ownership concentration and Nasdaq listing rules. The representations and covenants are stated as party-to-party allocations of risk and are not representations to the market. Material documentation is attached as Exhibits 4.1 and 10.1.
Fossil Group ha stipulato un accordo di scambio il 13 agosto 2025 per convertire un totale di 2,500,000 azioni ordinarie in circolazione in warrant prefinanziati per l'acquisto di 2,500,000 azioni ordinarie, esercitabili a $0.01 per azione. I warrant non scadono prima dell'esercizio e la societ脿 ha concordato di pagare $0.01 per azione consegnata agli azionisti che partecipano allo scambio.
I Warrant di Scambio non possono essere esercitati dai detentori che effettuano lo scambio nella misura in cui tale esercizio comporterebbe una partecipazione beneficiaria superiore a 9.99%, e i warrant includono una restrizione che impedisce l'esercitabilit脿 oltre il 19.99% senza l'approvazione degli azionisti richiesta dalle regole del Nasdaq. I warrant sono stati emessi senza registrazione ai sensi del Securities Act, avvalendosi di esenzioni, e la societ脿 si 猫 impegnata a depositare una dichiarazione di registrazione per la rivendita delle azioni emesse a seguito dell'esercizio dopo determinati periodi post-closing. L'Accordo di Scambio e il modello di warrant sono depositati come Exhibits 10.1 e 4.1.
Fossil Group celebr贸 un acuerdo de intercambio el 13 de agosto de 2025 para convertir un total de 2,500,000 acciones ordinarias en circulaci贸n en warrants prefinanciados para comprar 2,500,000 acciones ordinarias, ejercitables a $0.01 por acci贸n. Los warrants no vencen antes de ser ejercitados y la compa帽铆a acord贸 pagar $0.01 por acci贸n entregada a los accionistas que participan en el intercambio.
Los Warrants de Intercambio no pueden ser ejercidos por los tenedores que intercambian en la medida en que dicho ejercicio resultara en una participaci贸n beneficiaria superior al 9.99%, y los warrants incluyen una restricci贸n que impide su ejercicio por encima del 19.99% sin la aprobaci贸n de los accionistas exigida por las normas de Nasdaq. Los warrants se emitieron sin registro conforme al Securities Act, ampar谩ndose en exenciones, y la compa帽铆a se comprometi贸 a presentar una declaraci贸n de registro que cubra la reventa de las acciones que puedan emitirse al ejercerse, tras determinados plazos posteriores al cierre. El Acuerdo de Intercambio y el formulario del warrant se presentan como Exhibits 10.1 y 4.1.
Fossil Group電� 2025雲� 8鞗� 13鞚�, 齑� 2,500,000欤检潣 旮办〈 氤错喌欤茧ゼ 2,500,000欤检潣 氤错喌欤茧ゼ 毵れ垬頃� 靾� 鞛堧姅 靷爠雮╈瀰(頂勲Μ韼�霐旊摐) 鞗岆煱韸鸽 鞝勴櫂頃橂姅 甑愴櫂瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞗岆煱韸鸽姅 欤茧嫻 $0.01鞐� 頄夓偓頃� 靾� 鞛堨溂氅�, 頄夓偓 鞚挫爠鞐� 毵岆霅橃 鞎婌姷雼堧嫟. 霕愴暅 須岇偓電� 甑愴櫂鞐� 彀胳棳頃� 欤检＜霌れ棎瓴� 鞏戨弰霅� 欤检嫕 1欤茧嫻 $0.01鞚� 歆�旮夗晿旮半 頃╈潣頄堨姷雼堧嫟.
甑愴櫂 鞗岆煱韸鸽姅 頃措嫻 頄夓偓臧� 氤挫湢鞛愳潣 鞁れ鞝� 靻岇湢 歆�攵勳潉 9.99%毳� 齑堦臣頃橁矊 頃橂姅 氩旍渼鞐愳劀電� 甑愴櫂 氤挫湢鞛愱皜 頄夓偓頃� 靾� 鞐嗢溂氅�, 鞗岆煱韸胳棎電� Nasdaq 攴滌爼鞐� 霐半澕 欤检＜ 鞀轨澑鞚� 鞐嗠姅 瓴届毎 19.99%毳� 齑堦臣頃橃棳 頄夓偓臧� 攵堦皜電ロ晿霃勲 頃橂姅 鞝滍暅鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞚� 鞗岆煱韸鸽摛鞚� Securities Act鞐� 霐半ジ 霌彪 鞐嗢澊 鞓堨櫢 攴滌爼鞐� 鞚橁卑頃橃棳 氚滍枆霅橃棃瓿�, 須岇偓電� 韸轨爼 膦呹舶 頉� 旮瓣皠鞚� 歆�雮� 頉� 頄夓偓搿� 氚滍枆霅� 靾� 鞛堧姅 欤检嫕鞚� 鞛寪毵るゼ 鞙勴暅 霌彪鞁犼碃靹滊ゼ 鞝滌稖頃橁赴搿� 頃╈潣頄堨姷雼堧嫟. 甑愴櫂瓿勳暯靹滌檧 鞗岆煱韸� 鞏戩嫕鞚� 歃濍箼靹滊(Exhibits) 10.1 氚� 4.1搿� 鞝滌稖霅橃柎 鞛堨姷雼堧嫟.
Fossil Group a conclu un accord d'茅change le 13 ao没t 2025 visant 脿 convertir au total 2,500,000 actions ordinaires en circulation en warrants pr茅financ茅s permettant d'acheter 2,500,000 actions ordinaires, exer莽ables au prix de $0.01 par action. Les warrants ne viennent pas 脿 expiration avant d'锚tre exerc茅s et la soci茅t茅 a accept茅 de verser $0.01 par action remise aux actionnaires participant 脿 l'茅change.
Les Exchange Warrants ne peuvent 锚tre exerc茅s par les d茅tenteurs 茅changeant que dans la limite o霉 cet exercice n'entra卯nerait pas une d茅tention b茅n茅ficiaire sup茅rieure 脿 9.99%, et les warrants comportent une restriction emp锚chant l'exercice au-del脿 de 19.99% sauf obtention de l'approbation des actionnaires requise par les r猫gles du Nasdaq. Les warrants ont 茅t茅 茅mis sans enregistrement en vertu du Securities Act en s'appuyant sur des exemptions, et la soci茅t茅 s'est engag茅e 脿 d茅poser une d茅claration d'enregistrement couvrant la revente des actions susceptibles d'锚tre 茅mises 脿 l'exercice, apr猫s certains d茅lais post-cl么ture. L'accord d'茅change et le mod猫le de warrant sont d茅pos茅s en tant qu'Exhibits 10.1 et 4.1.
Fossil Group hat am 13. August 2025 eine Tauschvereinbarung geschlossen, um insgesamt 2,500,000 ausstehende Stammaktien in pre-funded Warrants zum Erwerb von 2,500,000 Stammaktien umzuwandeln, die zu $0.01 je Aktie aus眉bbar sind. Die Warrants laufen vor der Aus眉bung nicht ab, und das Unternehmen hat zugestimmt, den tauschenden Aktion盲ren $0.01 pro abgegebener Aktie zu zahlen.
Die Exchange Warrants k枚nnen von den tauschenden Inhabern nicht ausge眉bt werden, soweit eine Aus眉bung zu einem wirtschaftlichen Eigentumsanteil von mehr als 9.99% f眉hren w眉rde, und die Warrants enthalten eine Beschr盲nkung, die eine Aus眉bung 眉ber 19.99% hinaus ohne die von den Nasdaq-Regeln geforderte Zustimmung der Aktion盲re verhindert. Die Warrants wurden ohne Registrierung nach dem Securities Act unter Berufung auf Ausnahmen ausgegeben, und das Unternehmen hat sich verpflichtet, eine Registrierungserkl盲rung einzureichen, die den Weiterverkauf der bei Aus眉bung auszugebenden Aktien nach bestimmten Nachschlussfristen abdeckt. Die Tauschvereinbarung und das Formular des Warrants sind als Exhibits 10.1 und 4.1 eingereicht.
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Title of each class
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| Item 1.01 |
Entry into Material Definitive Agreement.
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Unregistered Sales of Equity Securities.
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Financial Statements and Exhibits.
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Exhibit
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Document Description
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4.1
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Form of Warrant
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10.1
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Exchange Agreement, dated as of August 13, 2025, by and among Fossil Group, Inc. and the stockholders party thereto.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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FOSSIL GROUP INC.
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By:
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/s/ Randy S. Hyne
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Name: Randy S. Hyne
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Title: Chief Legal Officer and Secretary
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| Date: August 13, 2025 |
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FAQ
What did Fossil Group (FOSL) agree to on August 13, 2025?
Will the Exchange Warrants expire?
Are there limits on exercising the Exchange Warrants?
Were the Exchange Warrants registered under the Securities Act?
Where can I find the full exchange agreement and warrant form?
