UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) February 1, 2006
G-III APPAREL GROUP, LTD.
(Exact name of registrant as specified in its charter)
Delaware 0-18183 41-1590959
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
512 Seventh Avenue 10018
New York, New York (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 403-0500
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into a Material Agreement
EXECUTIVE COMPENSATION
On February 1, 2006, the Compensation Committee of the Board of
Directors of G-III Apparel Group, Ltd. (the "Company") approved an increase in
the annual salary of Sammy Aaron, Vice Chairman of the Company, from $500,000 to
$600,000, effective as of February 1, 2006. Mr. Aaron also serves as the
President of the Company's Marvin Richards division and is a director of the
Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
G-III APPAREL GROUP, LTD.
Date: February 7, 2006
By: /s/ Neal S. Nackman
--------------------------
Name: Neal S. Nackman
Title: Chief Financial Officer
