| Compensation Decision Making Process | | | | | 32 | | |
| Additional Information | | | | | 33 | | |
| Compensation and Talent Management Committee Report | | | | | 34 | | |
| Compensation and Talent Management Committee Interlocks and Insider Participation | | | | | 34 | | |
| | | | | 35 | | | |
| | | | | 36 | | | |
| Perquisites | | | | | 37 | | |
| Employment Agreements | | | | | 37 | | |
| | | | | 37 | | | |
| 2016 Incentive Plan | | | | | 39 | | |
| 2008 Incentive Plan | | | | | 39 | | |
| | | | | 39 | | | |
| | | | | 40 | | | |
| | | | | 45 | | | |
| Post-Termination Compensation | | | | | 46 | | |
| | | | | 48 | | | |
| Certain Relationships and Related Transactions | | | | | 48 | | |
| PROPOSAL 2: APPROVAL, ON AN ADVISORY BASIS, OF COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS | | | | | 50 | | |
| | | | | 51 | | | |
| PROPOSAL 4: APPROVAL OF THE FOSSIL GROUP, INC. 2023 LONG-TERM INCENTIVE PLAN | | | | | 52 | | |
| | | | | 52 | | | |
| | | | | 53 | | | |
| | | | | 62 | | |
| 2023 PROXY STATEMENT | | | 1 | |
| 2 | | | WWW.FOSSILGROUP.COM | |
| | NAME | | | | AGE | | | | POSITION | | | | TENURE (YEARS)* | | |
| | Mark R. Belgya | | | | 62 | | | | Director | | | | 5 | | |
| | William B. Chiasson | | | | 70 | | | | Director | | | | 10 | | |
| | Susie Coulter | | | | 57 | | | | Director | | | | 0.5 | | |
| | Kim Harris Jones | | | | 63 | | | | Director | | | | 3.5 | | |
| | Kosta N. Kartsotis | | | | 70 | | | | Chairman of the Board and Chief Executive Officer | | | | 33 | | |
| | Kevin Mansell | | | | 70 | | | | Lead Independent Director | | | | 4 | | |
| | Marc R. Y. Rey | | | | 59 | | | | Director | | | | 3 | | |
| | Gail B. Tifford | | | | 53 | | | | Director | | | | 6 | | |
| 2023 PROXY STATEMENT | | | 3 | |
| 4 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 5 | |
| 6 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 7 | |
| | Board Diversity Matrix (As of April 12, 2023) | | | ||||||||||||||||||||||||||||
| | Total Number of Directors | | | | 8 | | | ||||||||||||||||||||||||
| | | | | | Female | | | | Male | | | | Non-Binary | | | | Did Not Disclose Gender | | | ||||||||||||
| | Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Directors | | | | | | 3 | | | | | | | 5 | | | | | | | 0 | | | | | | | 0 | | | |
| | Part II: Demographic Background | | | ||||||||||||||||||||||||||||
| | African American or Black | | | | | | 1 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | Alaskan Native or Native American | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | Asian | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | Hispanic or Latinx | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | Native Hawaiian or Pacific Islander | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | White | | | | | | 2 | | | | | | | 5 | | | | | | | 0 | | | | | | | 0 | | | |
| | Two or More Races or Ethnicities | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | | | | | 0 | | | |
| | LGBTQ+ | | | | 0 | | | ||||||||||||||||||||||||
| | Did Not Disclose Demographic Background | | | | 0 | | |
| 8 | | | WWW.FOSSILGROUP.COM | |
| The Board of Directors unanimously recommends that stockholders vote “FOR” the election of each Director Nominee set forth above for the Board of Directors. | |
| 2023 PROXY STATEMENT | | | 9 | |
| | DIRECTOR | | | | AUDIT COMMITTEE | | | | COMPENSATION AND TALENT MANAGEMENT COMMITTEE | | | | NOMINATING AND CORPORATE GOVERNANCE COMMITTEE | | |
| | Mark R. Belgya | | | | C | | | | X | | | | | | |
| | William B. Chiasson | | | | X | | | | | | | | X | | |
| | Susie Coulter | | | | | | | | | | | | X | | |
| | Kim Harris Jones | | | | X | | | | | | | | X | | |
| | Kosta N. Kartsotis | | | | — | | | | — | | | | — | | |
| | Kevin Mansell | | | | | | | | C | | | | | | |
| | Marc R. Y. Rey | | | | | | | | X | | | | | | |
| | Gail B. Tifford | | | | | | | | | | | | C | | |
| | Number of Committee Meetings in Fiscal Year 2022 | | | | 9 | | | | 5 | | | | 4 | | |
| 10 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 11 | |
| 12 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 13 | |
| 14 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 15 | |
| 16 | | | WWW.FOSSILGROUP.COM | |
| | POSITION | | | | AMOUNT | | | |||
| | Non-Employee Director | | | | | $ | 60,000 | | | |
| | Lead Independent Director | | | | | $ | 35,000 | | | |
| | Audit Committee Chairperson | | | | | $ | 25,000 | | | |
| | Audit Committee Member | | | | | $ | 15,000 | | | |
| | Compensation and Talent Management Committee Chairperson | | | | | $ | 20,000 | | | |
| | Compensation and Talent Management Committee Member | | | | | $ | 10,000 | | | |
| | Nominating and Corporate Governance Committee Chairperson | | | | | $ | 15,000 | | | |
| | Nominating and Corporate Governance Committee Member | | | | | $ | 10,000 | | | |
| 2023 PROXY STATEMENT | | | 17 | |
| | NAME (1)(2) | | | | FEES EARNED OR PAID IN CASH ($)(3) | | | | STOCK AWARDS ($)(4) | | | | TOTAL ($) | | | |||||||||
| | Mark R. Belgya | | | | | | 95,000 | | | | | | | 71,130 (5) | | | | | | | 166,130 | | | |
| | William B. Chiasson | | | | | | 85,000 (6) | | | | | | | 71,130 (5) | | | | | | | 156,130 | | | |
| | Susie Coulter (7) | | | | | | 4,402 | | | | | | | 44,640 | | | | | | | 49,042 | | | |
| | Kim Harris Jones | | | | | | 85,000 | | | | | | | 71,130 (5) | | | | | | | 156,130 | | | |
| | Kevin Mansell | | | | | | 115,000 | | | | | | | 71,130 | | | | | | | 186,130 | | | |
| | Diane L. Neal (8) | | | | | | 30,549 | | | | | | | — | | | | | | | 30,549 | | | |
| | Marc R. Y. Rey | | | | | | 70,000 | | | | | | | 71,130 | | | | | | | 141,130 | | | |
| | Gail B. Tifford | | | | | | 75,000 | | | | | | | 71,130 | | | | | | | 146,130 | | | |
| 18 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 19 | |
| | | | | | SHARES BENEFICIALLY OWNED (1)(2) | | | ||||||||||
| | NAME OF BENEFICIAL OWNER | | | | NUMBER | | | | PERCENT | | | ||||||
| | Jeffrey N. Boyer | | | | | | 371,450 (3) | | | | | | | * | | | |
| | Sunil M. Doshi | | | | | | 32,551 (4) | | | | | | | * | | | |
| | Darren E. Hart | | | | | | 91,348 (5) | | | | | | | * | | | |
| | Kosta N. Kartsotis | | | | | | 3,200,837 | | | | | | | 6.2% | | | |
| | Greg A. McKelvey | | | | | | 840,918 (6) | | | | | | | 1.6% | | | |
| | Mark R. Belgya | | | | | | 19,644 (7) | | | | | | | * | | | |
| | William B. Chiasson | | | | | | 60,889 (8) | | | | | | | * | | | |
| | Susie Coulter | | | | | | 0 | | | | | | | | | | |
| | Kim Harris Jones | | | | | | 11,466 (9) | | | | | | | * | | | |
| | Kevin Mansell | | | | | | 34,483 (10) | | | | | | | * | | | |
| | Marc R. Y. Rey | | | | | | 25,300 (11) | | | | | | | * | | | |
| | Gail B. Tifford | | | | | | 42,449 (12) | | | | | | | * | | | |
| | All executive officers and directors as a group (14 persons) | | | | | | 4,764,556 (13) | | | | | | | 9.2% | | | |
| | BlackRock, Inc. | | | | | | 3,118,437 (14) | | | | | | | 6.0% | | | |
| | FMR, LLC | | | | | | 4,451,387 (15) | | | | | | | 8.6% | | | |
| | Liechtensteinische Landesbank Aktiengesellschaft | | | | | | 2,805,194 (16) | | | | | | | 5.4% | | | |
| | The Vanguard Group | | | | | | 2,607,668 (17) | | | | | | | 5.0% | | | |
| 20 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 21 | |
| | NAME | | | | AGE | | | | POSITION | | | |||
| | Jeffrey N. Boyer | | | | | 64 | | | | | Executive Vice President, Chief Operating Officer | | | |
| | Holly L. Briedis | | | | | | 36 | | | | | Executive Vice President, Chief Growth Officer | | |
| | Sunil M. Doshi | | | | | | 51 | | | | | Executive Vice President, Chief Financial Officer and Treasurer | | |
| | Darren E. Hart | | | | | | 60 | | | | | Executive Vice President, Chief Human Resources Officer | | |
| | Melissa B. Lowenkron | | | | | | 48 | | | | | Chief Brand Officer | | |
| | Greg A. McKelvey | | | | | | 50 | | | | | Executive Vice President, Chief Commercial Officer | | |
| 22 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 23 | |
| | NAME | | | | POSITION | | |
| | Kosta N. Kartsotis | | | | Chairman of the Board, Chief Executive Officer | | |
| | Sunil M. Doshi | | | | Executive Vice President, Chief Financial Officer and Treasurer | | |
| | Jeffrey N. Boyer | | | | Executive Vice President, Chief Operating Officer | | |
| | Darren E. Hart | | | | Executive Vice President, Chief Human Resources Officer | | |
| | Greg A. McKelvey | | | | Executive Vice President, Chief Commercial Officer | | |
| | TITLE | | | | PAGE | | | |||
| | | | | | | 24 | | | | |
| | | | | | | 26 | | | | |
| | | | | | | 27 | | | | |
| | | | | | | 32 | | | | |
| | Additional Information | | | | | | | | |
| 24 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 25 | |
| | WHAT WE DO | | | | WHAT WE DON’T DO | | |
| | ✓ Follow a primarily pay-for-performance philosophy ✓ Use multiple performance metrics within our annual compensation plan ✓ Use a thorough process for setting rigorous performance goals ✓ Maintain executive and director stock ownership guidelines ✓ Retain an independent compensation consultant ✓ Provide severance and change in control arrangements that are aligned with market practices ✓ Retain a double trigger equity acceleration upon a change in control. ✓ Provide modest perquisites with reasonable business rationale ✓ Regularly review share utilization and burn rate ✓ Maintain a clawback policy | | | | × No discounting, reloading or repricing of stock options without stockholder approval × No employment agreements × No excise tax gross-ups upon a change in control × No excessive perquisites × No guaranteed salary increases × No permitted pledging, hedging, short sales or derivative transactions in company stock. | | |
| 26 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 27 | |
| | NAME | | | | START OF YEAR ANNUAL SALARY RATE | | | | CHANGE % | | | | END OF YEAR ANNUAL SALARY RATE | | | |||||||||
| | Kartsotis | | | | | $ | 0 | | | | | | | 0.0% | | | | | | $ | 0 | | | |
| | Doshi | | | | | $ | 490,000 | | | | | | | 7.14% | | | | | | $ | 525,000 | | | |
| | Boyer | | | | | $ | 700,000 | | | | | | | 2.75% | | | | | | $ | 719,250 | | | |
| | Hart | | | | | $ | 678,500 | | | | | | | 3.25% | | | | | | $ | 700,550 | | | |
| | McKelvey | | | | | $ | 721,000 | | | | | | | 2.75% | | | | | | $ | 740,800 | | | |
| | | | | | PERFORMANCE METRIC | | | | DESCRIPTION | | | | WEIGHTING | | | |||
| | Financial goals: | | | | Net sales | | | | Target of $2.02 billion | | | | | | 30% | | | |
| Adjusted operating income | | | | Target of $150 million | | | | | | 50% | | | | |||||
| | Strategic goals: | | | | New consumers | | | | • Consumer email file size growth | | | | | | 10% | | | |
| Digital capabilities | | | | • Digital roadmap execution • 1P marketplace launch • Marketing investment stewardship | | | | | | 10% | | | |
| 28 | | | WWW.FOSSILGROUP.COM | |
| | PERFORMANCE METRIC | | | | THRESHOLD* PERFORMANCE | | | | THRESHOLD* PAYOUT | | | | TARGET PERFORMANCE | | | | TARGET PAYOUT | | | | STRETCH* PERFORMANCE | | | | MAXIMUM* PAYOUT | | | |||||||||||||||
| | Net sales | | | | | | 95% | | | | | | | 50% | | | | | $2.02 billion | | | | | | 100% | | | | | | | 109% | | | | | | | 200% | | | |
| | Adjusted operating income | | | | | | 83% | | | | | | | 50% | | | | | $150 million | | | | | | 100% | | | | | | | 133% | | | | | | | 200% | | | |
| | NAME | | | | BASE SALARY | | | | PERCENTAGE | | | | COMPANY PAYOUT % | | | | TOTAL BONUS AMOUNT | | | ||||||||||||
| | Kartsotis | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Doshi | | | | | $ | 525,000 | | | | | 50% – 75%* | | | | | | 27.4% | | | | | | $ | 93,731 | | | | |||
| | Boyer | | | | | $ | 719,250 | | | | | | | 100% | | | | | | | 27.4% | | | | | | $ | 197,075 | | | |
| | Hart | | | | | $ | 700,550 | | | | | | | 75% | | | | | | | 27.4% | | | | | | $ | 143,963 | | | |
| | McKelvey | | | | | $ | 740,800 | | | | | | | 100% | | | | | | | 27.4% | | | | | | $ | 202,979 | | | |
| 2023 PROXY STATEMENT | | | 29 | |
| | NAME | | | | ANNUAL EQUITY AWARD (1) | | | | RSUS (50%) | | | | PSUS (50%) | | | | RSU SHARES | | | | PSU SHARES | | | |||||||||||||||
| | Kartsotis | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Doshi | | | | | $ | 305,912 (2) | | | | | | $ | 305,912 (3) | | | | | | | — | | | | | | | 28,104 | | | | | | | — | | | |
| | Boyer | | | | | $ | 862,570 | | | | | | $ | 431,285 | | | | | | $ | 431,285 | | | | | | | 39,622 | | | | | | | 39,622 | | | |
| | Hart | | | | | $ | 629,850 | | | | | | $ | 314,925 | | | | | | $ | 314,925 | | | | | | | 28,932 | | | | | | | 28,932 | | | |
| | McKelvey | | | | | $ | 888,456 | | | | | | $ | 444,228 | | | | | | $ | 444,228 | | | | | | | 40,811 | | | | | | | 40,811 | | | |
| 30 | | | WWW.FOSSILGROUP.COM | |
| | | | | | VESTING | | | | 2022 ADJUSTED OPERATING MARGIN | | | ||||||
| | Stretch | | | | | | 200% | | | | | | | 5.8% | | | |
| | Maximum | | | | | | 150% | | | | | | | 4.8% | | | |
| | Target | | | | | | 100% | | | | | | | 4.3% | | | |
| | Threshold | | | | | | 50% | | | | | | | 3.8% | | | |
| | | | | | VESTING | | | | 2022 ADJUSTED OPERATING INCOME | | | |||
| | Stretch | | | | | | 200% | | | | | $165 million | | |
| | Maximum | | | | | | 150% | | | | | $150 million | | |
| | Target | | | | | | 100% | | | | | $135 million | | |
| | Threshold | | | | | | 50% | | | | | $120 million | | |
| 2023 PROXY STATEMENT | | | 31 | |
| 32 | | | WWW.FOSSILGROUP.COM | |
| Caleres, Inc. Chico’s FAS, Inc. Columbia Sportswear Company Crocs, Inc. Deckers Outdoor Corporation | | | Express, Inc. Genesco, Inc. G-III Apparel Group, Ltd. Guess?, Inc. Movado Group, Inc. | | | Oxford Industries, Inc. Steven Madden, Ltd. Urban Outfitters, Inc. Wolverine World Wide, Inc. | |
| 2023 PROXY STATEMENT | | | 33 | |
| | Position | | | | Base Salary Multiple | | |
| | Chief Executive Officer | | | | Six Times | | |
| | Other Executive Officers | | | | Two Times | | |
| 34 | | | WWW.FOSSILGROUP.COM | |
| | NAME AND PRINCIPAL POSITION | | | | YEAR | | | | SALARY ($) | | | | BONUS ($) | | | | STOCK AWARDS ($)(1) | | | | OPTION AWARDS ($) | | | | NON-EQUITY INCENTIVE PLAN COMPENSATION ($)(2) | | | | CHANGE IN PENSION VALUE AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS ($) | | | | ALL OTEHR COMPENSATION ($) | | | | TOTAL ($) | | | |||||||||||||||||||||||||||
| | Kosta N. Kartsotis (3) Chief Executive Officer and Director | | | | | | 2022 | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | |
| | | 2021 | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | |||||
| | | 2020 | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | |||||
| | Sunil M. Doshi Executive Vice President, Chief Financial Officer and Treasurer (4) | | | | | | 2022 | | | | | | | 499,654 | | | | | | | -0- | | | | | | | 305,912 | | | | | | | -0- | | | | | | | 93,731 | | | | | | | -0- | | | | | | | 9,438 | | | | | | | 908,735 | | | |
| | | 2021 | | | | | | | 435,442 | | | | | | | -0- | | | | | | | 260,284 | | | | | | | -0- | | | | | | | 313,600 | | | | | | | -0- | | | | | | | 8,211 | | | | | | | 1,017,537 | | | | |||||
| | Jeffrey N. Boyer Executive Vice President, Chief Operating Officer | | | | | | 2022 | | | | | | | 716,288 | | | | | | | -0- | | | | | | | 862,571 | | | | | | | -0- | | | | | | | 197,075 | | | | | | | -0- | | | | | | | 27,066 (5) | | | | | | | 1,803,000 | | | |
| | | 2021 | | | | | | | 662,308 | | | | | | | -0- | | | | | | | 1,096,811 | | | | | | | -0- | | | | | | | 896,000 | | | | | | | -0- | | | | | | | 20,221 | | | | | | | 2,675,340 | | | | |||||
| | | 2020 | | | | | | | 630,000 | | | | | | | 87,500 | | | | | | | 387,300 | | | | | | | -0- | | | | | | | 576,450 | | | | | | | -0- | | | | | | | 20,324 | | | | | | | 1,701,574 | | | | |||||
| | Darren E. Hart Executive Vice President, Chief Human Resources Officer | | | | | | 2022 | | | | | | | 697,158 | | | | | | | -0- | | | | | | | 629,850 | | | | | | | -0- | | | | | | | 143,963 | | | | | | | -0- | | | | | | | 18,807 (6) | | | | | | | 1,489,778 | | | |
| | | 2021 | | | | | | | 641,965 | | | | | | | -0- | | | | | | | 837,191 | | | | | | | -0- | | | | | | | 651,360 | | | | | | | -0- | | | | | | | 21,775 | | | | | | | 2,152,291 | | | | |||||
| | | 2020 | | | | | | | 610,650 | | | | | | | 84,813 | | | | | | | 192,692 | | | | | | | -0- | | | | | | | 558,745 | | | | | | | -0- | | | | | | | 22,659 | | | | | | | 1,469,559 | | | | |||||
| | Greg A. McKelvey Executive Vice President, Chief Commercial Officer | | | | | | 2022 | | | | | | | 737,754 | | | | | | | -0- | | | | | | | 888,455 | | | | | | | -0- | | | | | | | 202,979 | | | | | | | -0- | | | | | | | 8,176 | | | | | | | 1,837,364 | | | |
| | | 2021 | | | | | | | 682,177 | | | | | | | -0- | | | | | | | 1,129,719 | | | | | | | -0- | | | | | | | 922,880 | | | | | | | 4,383 | | | | | | | 12,769 | | | | | | | 2,751,928 | | | | |||||
| | | 2020 | | | | | | | 648,900 | | | | | | | 67,594 | | | | | | | 393,264 | | | | | | | -0- | | | | | | | 593,744 | | | | | | | -0- | | | | | | | -0- | | | | | | | 1,703,502 | | | |
| 2023 PROXY STATEMENT | | | 35 | |
| | NAME | | | | GRANT DATE | | | | ESTIMATED FUTURE PAYOUTS UNDER NON- EQUITY INCENTIVE PLAN AWARDS (1) | | | | ESTIMATED FUTURE PAYOUTS UNDER EQUITY INCENTIVE PLAN AWARDS (2) | | | | ALL OTHER STOCK AWARDS: NUMBER OF SHARES OF STOCK OR UNITS (3)(#) | | | | GRANT DATE FAIR VALUE OF STOCK AND OPTION AWARDS ($) | | | |||||||||||||||||||||||||||||||||||||||||||
| THRESHOLD (4) | | | | TARGET (5) | | | | MAXIMUM (6) | | | | THRESHOLD (#) | | | | TARGET (#) | | | | MAXIMUM (#) | | | ||||||||||||||||||||||||||||||||||||||||||||
| | Kosta N. Kartsotis (7) | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | -0- | | | | | | | N/A | | | |
| | Sunil M. Doshi | | | | | | 4/15/2022 | | | | | | | 157,500 | | | | | | | 393,750 | | | | | | | 787,500 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | 4/15/2022 | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 28,104 | | | | | | | 305,912 | | | | |||||
| | Jeffrey N. Boyer | | | | | | 4/15/2022 | | | | | | | 287,700 | | | | | | | 719,250 | | | | | | | 1,438,500 | | | | | | | 19,811 | | | | | | | 39,622 | | | | | | | 79,244 | | | | | | | — | | | | | | | 431,285 | | | |
| | | 4/15/2022 | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 39,622 | | | | | | | 431,285 | | | | |||||
| | Darren E. Hart | | | | | | 4/15/2022 | | | | | | | 210,165 | | | | | | | 525,413 | | | | | | | 1,050,826 | | | | | | | 14,466 | | | | | | | 28,932 | | | | | | | 56,864 | | | | | | | — | | | | | | | 314,925 | | | |
| | | 4/15/2022 | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 28,932 | | | | | | | 314,925 | | | | |||||
| | Greg A. McKelvey | | | | | | 4/15/2022 | | | | | | | 296,320 | | | | | | | 740,800 | | | | | | | 1,481,600 | | | | | | | 20,405 | | | | | | | 40,811 | | | | | | | 81,622 | | | | | | | — | | | | | | | 444,228 | | | |
| | | 4/15/2022 | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 40,811 | | | | | | | 444,228 | | | |
| 36 | | | WWW.FOSSILGROUP.COM | |
| | NAME | | | | | | | | | | | OPTION AWARDS (1) | | | | STOCK AWARDS | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| GRANT DATE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) EXERCISABLE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) UNEXERCISABLE | | | | OPTION EXERCISE PRICE ($) | | | | OPTION EXPIRATION DATE | | | | NUMBER OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED (#)(2) | | | | MARKET VALUE OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED ($) | | | | EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED (#) | | | | EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED ($) | | | ||||||||||||||||||||||||||||||||
| | Kosta N. Kartsotis (3) | | | | | | N/A | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | Sunil M. Doshi | | | | | | 7/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 13,333 | | | | | | | 57,465 | | | | | | | — | | | | | | | — | | | |
| | | 4/15/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 13,096 | | | | | | | 56,444 | | | | | | | — | | | | | | | — | | | | |||||
| | | 4/15/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 28,104 | | | | | | | 121,128 | | | | | | | — | | | | | | | — | | | | |||||
| | Jeffrey N. Boyer | | | | | | 4/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 8,788 | | | | | | | 37,876 | | | | | | | 8,788 (4) | | | | | | | 37,876 | | | |
| | | 4/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 50,000 (5) | | | | | | | 215,500 | | | | | | | — | | | | | | | — | | | | |||||
| | | 4/14/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 23,773 | | | | | | | 102,462 | | | | | | | 23,773 (6) | | | | | | | 104,462 | | | | |||||
| | | 4/15/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 39,622 | | | | | | | 170,771 | | | | | | | 39,662 (7) | | | | | | | 170,771 | | | |
| 2023 PROXY STATEMENT | | | 37 | |
| | NAME | | | | | | | | | | | OPTION AWARDS (1) | | | | STOCK AWARDS | | | | NAME | | | | | | | | | | | OPTION AWARDS (1) | | | | STOCK AWARDS | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| GRANT DATE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) EXERCISABLE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) UNEXERCISABLE | | | | OPTION EXERCISE PRICE ($) | | | | OPTION EXPIRATION DATE | | | | NUMBER OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED (#)(2) | | | | MARKET VALUE OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED ($) | | | | EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED (#) | | | | EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED ($) | | | | GRANT DATE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) EXERCISABLE | | | | NUMBER OF SECURITIES UNDERLYING UNEXERCISED OPTIONS (#) UNEXERCISABLE | | | | OPTION EXERCISE PRICE ($) | | | | OPTION EXPIRATION DATE | | | | NUMBER OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED (#)(2) | | | | MARKET VALUE OF SHARES OR UNITS OF STOCK THAT HAVE NOT VESTED ($) | | | | EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED (#) | | | | EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF UNEARNED SHARES, UNITS OR OTHER RIGHTS THAT HAVE NOT VESTED ($) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Darren E. Hart | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Darren E. Hart | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | 3/15/ 2015 | | | | | | | 11,212 | | | | | | | — | | | | | | | 80.22 | | | | | | | 3/15/ 2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3/15/2015 | | | | | | | 11,212 | | | | | | | — | | | | | | | 80.22 | | | | | | | 3/15/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 3/15/ 2016 | | | | | | | 18,515 | | | | | | | — | | | | | | | 47.99 | | | | | | | 3/15/ 2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3/15/2016 | | | | | | | 18,515 | | | | | | | — | | | | | | | 47.99 | | | | | | | 3/15/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 4/15/ 2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 8,518 | | | | | | | 36,713 | | | | | | | 8,518 (4) | | | | | | | 36,713 | | | | | | | 4/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 8,518 | | | | | | | 36,713 | | | | | | | 8,518 (4) | | | | | | | 36,713 | | | | |||||||||
| | | 4/15/ 2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 17,359 | | | | | | | 74,817 | | | | | | | 17,359 (6) | | | | | | | 74,817 | | | | | | | 4/15/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 17,359 | | | | | | | 74,817 | | | | | | | 17,359 (6) | | | | | | | 74,817 | | | | |||||||||
| | | 4/15/ 2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 28,932 | | | | | | | 124,697 | | | | | | | 28,932 (7) | | | | | | | 124,697 | | | | | | | 4/15/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 28,932 | | | | | | | 124,697 | | | | | | | 28,932 (7) | | | | | | | 124,697 | | | | |||||||||
| | Greg A. McKelvey | | | | | | 3/15/ 2015 | | | | | | | 10,656 | | | | | | | — | | | | | | | 80.22 | | | | | | | 3/15/ 2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | Greg A. McKelvey | | | | | | 3/15/2015 | | | | | | | 10,656 | | | | | | | — | | | | | | | 80.22 | | | | | | | 3/15/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |
| | | 12/22/2015 | | | | | | | 12,885 | | | | | | | — | | | | | | | 36.73 | | | | | | | 12/22/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 12/22/2015 | | | | | | | 12,885 | | | | | | | — | | | | | | | 36.73 | | | | | | | 12/22/2023 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 3/15/ 2016 | | | | | | | 17,634 | | | | | | | — | | | | | | | 47.99 | | | | | | | 3/15/ 2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 3/15/2016 | | | | | | | 17,634 | | | | | | | — | | | | | | | 47.99 | | | | | | | 3/15/2024 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 4/15/ 2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,052 | | | | | | | 39,014 | | | | | | | 9,052 (4) | | | | | | | 39,014 | | | | | | | 4/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 9,052 | | | | | | | 39,014 | | | | | | | 9,052 (4) | | | | | | | 39,014 | | | | |||||||||
| | | 4/15/ 2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 50,000 (5) | | | | | | | 215,500 | | | | | | | — | | | | | | | — | | | | | | | 4/15/2020 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 50,000 (5) | | | | | | | 215,500 | | | | | | | — | | | | | | | — | | | | |||||||||
| | | 4/15/ 2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 24,486 | | | | | | | 105.535 | | | | | | | 24,486 (6) | | | | | | | 105,535 | | | | | | | 4/15/2021 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 24,486 | | | | | | | 105.535 | | | | | | | 24,486 (6) | | | | | | | 105,535 | | | | |||||||||
| | | 4/15/ 2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 40,811 | | | | | | | 175,895 | | | | | | | 40,811 (7) | | | | | | | 175,895 | | | | | | | 4/15/2022 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | 40,811 | | | | | | | 175,895 | | | | | | | 40,811 (7) | | | | | | | 175,895 | | | |
| 38 | | | WWW.FOSSILGROUP.COM | |
| | NAME | | | | OPTION AWARDS | | | | STOCK AWARDS | | | ||||||||||||||||||||
| NUMBER OF SHARES ACQUIRED ON EXERCISE (#) | | | | VALUE REALIZED ON EXERCISE ($) | | | | NUMBER OF SHARES ACQUIRED ON VESTING (#) | | | | VALUE REALIZED ON VESTING ($)(1) | | | |||||||||||||||||
| | Kosta N. Kartsotis | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | |
| | Sunil M. Doshi | | | | | | -0- | | | | | | | -0- | | | | | | | 19,881 | | | | | | | 148,206 | | | |
| 2023 PROXY STATEMENT | | | 39 | |
| | NAME | | | | OPTION AWARDS | | | | STOCK AWARDS | | | | NAME | | | | OPTION AWARDS | | | | STOCK AWARDS | | | ||||||||||||||||||||||||||||||||||||||||
| NUMBER OF SHARES ACQUIRED ON EXERCISE (#) | | | | VALUE REALIZED ON EXERCISE ($) | | | | NUMBER OF SHARES ACQUIRED ON VESTING (#) | | | | VALUE REALIZED ON VESTING ($)(1) | | | | NUMBER OF SHARES ACQUIRED ON EXERCISE (#) | | | | VALUE REALIZED ON EXERCISE ($) | | | | NUMBER OF SHARES ACQUIRED ON VESTING (#) | | | | VALUE REALIZED ON VESTING ($)(1) | | | |||||||||||||||||||||||||||||||||
| | Jeffrey N. Boyer | | | | | | -0- | | | | | | | -0- | | | | | | | 84,000 | | | | | | | 914,340 | | | | | Jeffrey N. Boyer | | | | | | -0- | | | | | | | -0- | | | | | | | 84,000 | | | | | | | 914,340 | | | |
| | Darren E. Hart | | | | | | -0- | | | | | | | -0- | | | | | | | 72,894 | | | | | | | 793,451 | | | | | Darren E. Hart | | | | | | -0- | | | | | | | -0- | | | | | | | 72,894 | | | | | | | 793,451 | | �� | |
| | Greg A. McKelvey | | | | | | -0- | | | | | | | -0- | | | | | | | 86,517 | | | | | | | 941,738 | | | | | Greg A. McKelvey | | | | | | -0- | | | | | | | -0- | | | | | | | 86,517 | | | | | | | 941,738 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | | | | ||||||||||
| | Fiscal Year (a) | | | | Summary Compensation Table Total for PEO (b) | | | | Compensation Actually Paid to PEO (c) | | | | Average Summary Compensation Table Total for non-PEO NEOs (d) | | | | Average Compensation Actually Paid to non-PEO NEOs (e) | | | | Total Shareholder Return (f) | | | | Peer Group Total Shareholder Return (g) | | | | Net Income (in $m) (h) | | | | Adjusted EBITDA (in $m) (i) | | | ||||||||||||||||||||||||
| | 2022 | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 1,509,719 | | | | | | $ | 553,910 | | | | | | $ | 55.68 | | | | | | $ | 114.12 | | | | | | $ | (44.2) | | | | | | $ | 36.1 | | | |
| | 2021 | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 2,157,293 | | | | | | $ | 2,403,236 | | | | | | $ | 132.95 | | | | | | $ | 167.85 | | | | | | $ | 25.4 | | | | | | $ | 159.6 | | | |
| | 2020 | | | | | $ | 0 | | | | | | $ | 0 | | | | | | $ | 1,603,279 | | | | | | $ | 1,818,903 | | | | | | $ | 112.02 | | | | | | $ | 141.19 | | | | | | $ | (96.1) | | | | | | $ | 7.7 | | | |
| 40 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 41 | |
| 44 | | | WWW.FOSSILGROUP.COM | |
| | EMPLOYEE POPULATION | | | | TOTAL EMPLOYEES | | | |||
| | U.S. Employees | | | | | | 2,488 | | | |
| | Non-U.S. Employees* | | | | | | 5,602 | | | |
| | Global Workforce | | | | | | 8,090 | | | |
| 2023 PROXY STATEMENT | | | 45 | |
| | POSITION | | | | RESTRICTED STOCK UNITS ($) | | | | STOCK APPRECIATION RIGHTS ($) | | | | PERFORMANCE STOCK UNITS ($) | | | | TOTAL ($) | | | ||||||||||||
| | Kosta N. Kartsotis | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | | | | | -0- | | | |
| | Sunil M. Doshi | | | | | | 235,037 | | | | | | | -0- | | | | | | | -0- | | | | | | | 235,037 | | | |
| | Jeffrey N. Boyer | | | | | | 526,609 | | | | | | | -0- | | | | | | | 311,109 | | | | | | | 837,718 | | | |
| | Darren E. Hart | | | | | | 236,227 | | | | | | | -0- | | | | | | | 236,227 | | | | | | | 472,454 | | | |
| | Greg A. McKelvey | | | | | | 535,944 | | | | | | | -0- | | | | | | | 320,444 | | | | | | | 856,388 | | | |
| 46 | | | WWW.FOSSILGROUP.COM | |
| | NAME | | | | TOTAL BASE SALARY | | | | TARGET BONUS | | | | HEALTHCARE AND INSURANCE BENEFITS (1) | | | | FAIR MARKET VALUE OF ADDITIONAL VESTING (2) | | | | TOTAL (3) | | | |||||||||||||||
| | Boyer | | | | | $ | 1,084,125 | | | | | | $ | 1,806,875 | | | | | | $ | 17,070 | | | | | | $ | 764,982 | | | | | | $ | 3,673,052 | | | |
| | Hart | | | | | $ | 1,050,825 | | | | | | $ | 1,313,533 | | | | | | $ | 23,965 | | | | | | $ | 419,342 | | | | | | $ | 2,807,665 | | | |
| | McKelvey | | | | | $ | 1,116,750 | | | | | | $ | 1,861,250 | | | | | | $ | 23,064 | | | | | | $ | 781,470 | | | | | | $ | 3,782,534 | | | |
| 2023 PROXY STATEMENT | | | 47 | |
| | NAME | | | | CHANGE IN CONTROL SUM | | | | HEALTHCARE AND INSURANCE BENEFITS (1) | | | | FAIR MARKET VALUE OF ACCELERATED VESTING (2) | | | | TOTAL (3) | | | ||||||||||||
| | Boyer | | | | | $ | 3,613,750 | | | | | | $ | 17,070 | | | | | | $ | 837,717 | | | | | | $ | 4,468,537 | | | |
| | Hart | | | | | $ | 2,977,339 | | | | | | $ | 23,965 | | | | | | $ | 472,454 | | | | | | $ | 3,473,758 | | | |
| | McKelvey | | | | | $ | 3,722,500 | | | | | | $ | 23,064 | | | | | | $ | 856,388 | | | | | | $ | 4,601,952 | | | |
| 48 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 49 | |
| The Board of Directors unanimously recommends that stockholders vote “FOR” the approval, on an advisory basis, of the compensation of our Named Executive Officers as disclosed in the compensation discussion and analysis. | |
| 50 | | | WWW.FOSSILGROUP.COM | |
| THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE OPTION OF EVERY “1 YEAR” FOR FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION. | |
| 2023 PROXY STATEMENT | | | 51 | |
| The board of directors recommends that the stockholders vote “FOR” the approval of the 2023 Plan. | |
| | PLAN CATEGORY | | | | (A) NUMBER OF SECURITIES TO BE ISSUED UPON EXERCISE OF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS (1) | | | | (B) WEIGHTED-AVERAGE EXERCISE PRICE OF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS | | | | (C) NUMBER OF SECURITIES REMAINING AVAILABLE FOR FUTURE ISSUANCE UNDER EQUITY COMPENSATION PLANS (EXCLUDING SECURITIES REFLECTED IN COLUMN (A)) | | | |||||||||
| | Equity compensation plans approved by security holders | | | | | | 1,967,257 | | | | | | $ | 55.31 (2) | | | | | | | 2,881,366 | | | |
| | Equity compensation plans not approved by security holders | | | | Not applicable | | | | Not applicable | | | | Not applicable | | | |||||||||
| | Total | | | | | | 1,967,257 | | | | | | $ | 55.31 | | | | | | | 2,881,366 | | | |
| 52 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 53 | |
| 54 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 55 | |
| 56 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 57 | |
| 58 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 59 | |
| 60 | | | WWW.FOSSILGROUP.COM | |
| The Board of Directors recommends a vote | |
| 2023 PROXY STATEMENT | | | 61 | |
| 62 | | | WWW.FOSSILGROUP.COM | |
| THE BOARD UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE APPROVAL OF THE EXCULPATION AMENDMENT. | |
| 2023 PROXY STATEMENT | | | 63 | |
| | | | | | Fiscal Year 2022 | | | | Fiscal Year 2021 | | | ||||||
| | Audit Fees (1) | | | | | $ | 3,155,850 | | | | | | $ | 3,256,528 | | | |
| | Audit-Related Fees (2) | | | | | $ | 112,270 | | | | | | $ | 114,606 | | | |
| | Tax Fees (3) | | | | | $ | 290,561 | | | | | | $ | 193,330 | | | |
| | Other fees (4) | | | | | $ | 163,105 | | | | | | | — | | | |
| | Total Fees | | | | | $ | 3,721,786 | | | | | | $ | 3,564,464 | | | |
| 64 | | | WWW.FOSSILGROUP.COM | |
| | |
| The Board of Directors unanimously recommends that the stockholders vote “FOR” the ratification of the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 30, 2023 | |
| 2023 PROXY STATEMENT | | | 65 | |
| It is IMPORTANT that proxies be voted promptly. Stockholders who do not expect to attend the meeting and wish their stock to be voted are urged to vote by internet, phone or mail as described in the proxy card or proxy notice. | |
| 66 | | | WWW.FOSSILGROUP.COM | |
| 2023 PROXY STATEMENT | | | 67 | |
| | Proposal No. | | | | Description | | | | Board Voting Recommendations | | | | Page | | |
| | 1 | | | | Election of Directors | | | | FOR All Director Nominees | | | | | | |
| | 2 | | | | Advisory Vote to Approve the Compensation of our Named Executive Officers | | | | FOR | | | | | | |
| | 3 | | | | Advisory Vote on Whether an Advisory Vote on Executive Compensation Should Be Held Every One, Two or Three Years | | | | EVERY ONE YEAR | | | | | | |
| | 4 | | | | Approval of the Fossil Group, Inc. 2023 Long-Term Incentive Plan | | | | FOR | | | | | | |
| | 5 | | | | Approval of the Amendment to the Certificate of Incorporation to permit exculpation of officers | | | | FOR | | | | | | |
| | 6 | | | | Ratification of the Appointment of Independent Auditors | | | | FOR | | | | | |
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| INTERNET | | | TELEPHONE | | | MAIL | |
| Vote your proxy on the Internet: Go to www.AALvote.com/FOSL Have your proxy card available when you access the above website. Follow prompts to vote your shares. | | | Vote your proxy by phone: Call 1-(866) 804-9616 Use any touch-tone telephone to vote your proxy. Have your proxy card available when you call. Follow the voting instructions to vote your proxy. | | | Vote your proxy by mail: Mark, sign and date your proxy card, then detach it, and return it in the postage-paid envelope provided. | |
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