8-K

MOVADO GROUP INC (MOV)

8-K 2023-06-23 For: 2023-06-22
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Added on April 04, 2026

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 22, 2023

MOVADO GROUP, INC.
(Exact name of registrant as specified in its charter)
New York 1-16497 13-2595932
--- --- ---
(State or other jurisdiction<br><br>of incorporation) (Commission<br><br>File Number) (I.R.S. Employer<br><br>Identification No.)
650 FROM ROAD, SUITE 375<br><br> <br>PARAMUS, NJ 07652-3556
---
(Address of principal executive offices) (Zip Code)
(201) 267-8000
(Registrant’s Telephone Number, Including Area Code)
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))

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

Title of each class Trading Symbol(s) Name of each exchange<br><br> <br>on which registered
Common stock, par value $0.01 per share MOV 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 5.07. Submission of Matters to a Vote of Security Holders.

(a) Annual Meeting. The 2023 Annual Meeting of Shareholders of the Company was held on June 23, 2023.

(b) Matters Voted Upon; Voting Results. The following matters were submitted for a vote of the Company’s shareholders.

Matter One. Election of Directors. Each of the eight nominees listed below was elected a director of the Company to hold office until the next annual meeting of the shareholders and until his or her successor has been elected and qualified.

Nominee Number<br><br> <br>of<br><br> <br>Votes For Number of<br><br> <br>Votes<br><br> <br>Withheld Number of<br><br> <br>Broker<br><br> <br>Non-Votes
Peter A. Bridgman 73,051,884 4,916,220 920,521
Alex Grinberg 77,061,388 906,716 920,521
Efraim Grinberg 72,628,610 5,339,494 920,521
Alan H. Howard 76,475,733 1,492,371 920,521
Richard Isserman 76,545,674 1,422,430 920,521
Ann Kirschner 71,339,839 6,628,265 920,521
Maya Peterson 73,046,108 4,921,996 920,521
Stephen Sadove 72,233,995 5,734,109 920,521

Matter Two. Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2024.

Number<br><br> <br>of<br><br> <br>Votes For Number of<br><br> <br>Votes<br><br> <br>Against Number of<br><br> <br>Votes<br><br> <br>Abstaining Number of<br><br> <br>Broker<br><br> <br>Non-Votes
78,473,154 413,772 1,699 -

Matter Three. Adoption, on an advisory basis, of a resolution approving the compensation of the Company’s named executive officers as described in the Proxy Statement for the Company’s 2023 Annual Meeting of Shareholders under the heading “Executive Compensation.”

Number<br><br> <br>of<br><br> <br>Votes For Number of<br><br> <br>Votes<br><br> <br>Against Number of<br><br> <br>Votes<br><br> <br>Abstaining Number of<br><br> <br>Broker<br><br> <br>Non-Votes
77,288,023 665,533 14,548 920,521

Matter Four. Selection, on an advisory basis, of the frequency of future advisory votes on executive compensation as disclosed in the Proxy Statement for the Company’s 2023 Annual Meeting of Shareholders.

One Year Two Years Three Years Number of Votes Abstaining Number of<br><br> <br>Broker<br><br> <br>Non-Votes
76,604,995 34,364 1,326,462 2,283 920,521

Matter Five. Approval of the 1996 Stock Incentive Plan, as amended and restated, effective April 4, 2023.

Number<br><br> <br>of<br><br> <br>Votes For Number of<br><br> <br>Votes<br><br> <br>Against Number of<br><br> <br>Votes<br><br> <br>Abstaining Number of<br><br> <br>Broker<br><br> <br>Non-Votes
70,119,455 7,822,172 26,477 920,521

(d)  Disclosure Regarding Frequency of Shareholder AdvisoryVote on Executive Compensation.  A majority of the votes cast by the Company’s shareholders were voted to hold an advisory vote on executive compensation annually. After considering this preference of a majority of the Company’s shareholders, the Company’s Board of Directors determined, at a meeting held on June 22, 2023, that the Company will hold a non-binding advisory vote on the compensation of its named executive officers on an annual basis until the next non-binding shareholder vote on the frequency of future advisory votes on executive compensation is taken.


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 23, 2023

MOVADO GROUP, INC.
By: /s/ Mitchell C. Sussis
Name: Mitchell C. Sussis
Title: Senior Vice President and General Counsel