8-K

DECKERS OUTDOOR CORP (DECK)

8-K 2022-06-10 For: 2022-06-10
View Original
Added on April 04, 2026

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): June 10, 2022

DECKERS OUTDOOR CORPORATION

(Exact name of registrant as specified in its charter)

____________Delaware________________

(State or other jurisdiction of incorporation)

001-36436 95-3015862
(Commission File Number) (I.R.S. Employer Identification No.)

250 Coromar Drive, Goleta, California 93117

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (805) 967-7611

_______________________________________________________

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share DECK New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 10, 2022, Deckers Outdoor Corporation (the “Company”) announced that David Lafitte is stepping down as Chief Operating Officer, effective June 24, 2022.

The Company also announced the promotion of Angela Ogbechie to the newly created role of Chief Supply Chain Officer, effective June 24, 2022. Ms. Ogbechie currently serves as the Company’s SVP, Global Operations & Supply Chain Strategy.

Item 7.01 Regulation FD Disclosure.

A copy of the press release announcing that Mr. Lafitte is stepping down and the promotion of Ms. Ogbechie is furnished hereto as Exhibit 99.1.

The information provided in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Such information shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as otherwise expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description.
99.1 Press Release, dated June 10, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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.

Date: June 10, 2022
Deckers Outdoor Corporation
/s/ Thomas Garcia
Thomas Garcia, Chief Administrative Officer

Document

image_0a.jpg

Deckers Brands Promotes Angela Ogbechie to Chief Supply Chain Officer

David Lafitte to Step Down as Chief Operating Officer

GOLETA, Calif., June 10, 2022 – Deckers Brands (NYSE: DECK), a global leader in designing, marketing and distributing innovative footwear, apparel and accessories, today announced the promotion of Angela Ogbechie to the newly created role of Chief Supply Chain Officer, effective June 24, 2022. Ogbechie has served in various operational roles at Deckers since 2008, most recently as SVP, Global Operations & Supply Chain Strategy. In her new role, Ogbechie will oversee all activities related to the global supply chain operations and logistics organization. She will become a member of the Executive Leadership Team, reporting directly to Dave Powers, Chief Executive Officer and President of Deckers Brands.

Ogbechie’s promotion follows David Lafitte’s decision to step down from his role as Chief Operating Officer to accept another opportunity, effective June 24, 2022. The supply chain functions currently reporting to Lafitte will now report to the Chief Supply Chain Officer, with other functions transitioning to the appropriate leaders on Deckers’ executive team.

“Angela is perfectly suited for this new role, bringing the right mix of expertise and creativity from her 14 years working across all aspects of Deckers’ global supply chain operations,” said Powers. “Our logistics network was instrumental to our record-breaking success in fiscal 2022, and we expect it will continue to play a meaningful role in our overall operations moving forward. I’d like to thank David for his many years of service to Deckers, particularly his leadership in developing a world-class supply chain organization over his past seven years as COO. I am confident that Angela will pick up where he is leaving off and bring further innovation to our supply chain as we continue to drive growth for the business. I am excited for what is ahead and wish David the best in the next chapter of his career.”

“I am honored to take on this new role, particularly at such an important time in the evolution of our supply chain and logistics network,” said Ogbechie. “While David leaves large shoes to fill, I look forward to working alongside the talented and dedicated Deckers team to support our continued growth.”

Lafitte said, “I’m proud of the Deckers team for everything we have accomplished. It has been my privilege to lead an amazing team and create value for stakeholders amidst several unprecedented global events, while continuing to make a positive impact on the communities we serve. With Deckers in its strongest position to date, I am confident I will be following Deckers’ future success for years to come.”

About Deckers Brands

Deckers Brands is a global leader in designing, marketing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The Company's portfolio of brands includes UGG®, Koolaburra®, HOKA®, Teva® and Sanuk®. Deckers Brands products are sold in more than 50 countries and territories through select department and specialty stores, Company-owned and operated retail stores, and select online stores, including Company-owned websites. Deckers Brands has over 40 years of history of building niche footwear brands into lifestyle market leaders attracting millions of loyal consumers globally. For more information, please visit www.deckers.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding the future

growth and success of our brands. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expected," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions.

Forward-looking statements represent our management's current expectations and predictions about trends affecting our business and industry and are based on information available as of the time such statements are made. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause our actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2022, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable law or the listing rules of the New York Stock Exchange, we expressly disclaim any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in our expectations, or as a result of the availability of new information.

#

Investor Contact:

Erinn Kohler | VP, Investor Relations & Corporate Planning | Deckers Brands | 805.967.7611