Fossil Group

BUXTON HELMSLEY URGES ASSERTIO STOCKHOLDERS TO VOTE "AGAINST" DIRECTORS AFTER DISCLOSURE FAILURES, INAPPROPRIATE BOARDROOM ACTIVITY, STRATEGIC BLUNDERS

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월요일, 5월 13, 2024

Any stockholders who have already cast their ballots should immediately call their broker to change their ballot to reflect a vote "against" all Assertio directors.

Key Points:

Any stockholders who have already cast their ballots should immediately call their broker to change their ballot to reflect a vote "against" all Assertio directors.
BHG urges Assertio stockholders to immediately cast votes "against" all of Assertio director nominees at the upcoming May 23, 2024 Annual Meeting.
If a stockholder has already cast their ballot, they should immediately call their broker to change their ballot to reflect a vote "against" all Assertio directors.
TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD SENT TO YOU BY ASSERTIO.

Fossil Group, Inc. Reports First Quarter 2024 Financial Results

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수요일, 5월 8, 2024

RICHARDSON, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended March 30, 2024.

Key Points:

RICHARDSON, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the first quarter ended March 30, 2024.
As a percentage of net sales, operating expenses were 63.8% in the first quarter of 2024 compared to 60.9% in the prior year first quarter.
Operating margin of (11.5)% in the first quarter of 2024 was flat with the prior year first quarter.
Adjusted operating margin was (7.5)% in the first quarter of 2024 compared to (7.7)% in the prior year first quarter.

Fossil Group, Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call

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수요일, 4월 24, 2024

FOSL, Fossil Group

RICHARDSON, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report first quarter 2024 financial results after market close on Wednesday, May 8, 2024, followed by a conference call to discuss the results at 5:00 p.m.

Key Points:

RICHARDSON, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report first quarter 2024 financial results after market close on Wednesday, May 8, 2024, followed by a conference call to discuss the results at 5:00 p.m.
ET the same day.
The call can be accessed live on the Company’s investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Kanen Wealth Management Excoriates Fossil Board of Directors and Management for Unacceptably Slow Restructuring Plan

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목요일, 4월 18, 2024

Debt-to-GDP ratio, Sale, TAG, Skin, Transform, KWM, FOSL, Anxiety, Fossil Group

Judging by the actions of the board and management, there is a lack of urgency in executing its strategic initiatives and returning to profitability.

Key Points:

Judging by the actions of the board and management, there is a lack of urgency in executing its strategic initiatives and returning to profitability.
To date, we have little to show as a result of the Transform and Grow plan (TAG).
Fossil shares are down approximately 80% since the plan was announced in February 2023.
Management needs to take a faster approach in reducing expenses, identify profitable segments, and implement these measures in a rapid cadence.

Caesars Entertainment, Inc. Appoints Kim Harris Jones to Board of Directors

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월요일, 4월 29, 2024

With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors.

Key Points:

With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors.
“Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team,” said Gary Carano, Executive Chairman of the Board, Caesars Entertainment.
“I’m pleased to count Kim Harris Jones among our Board of Directors,” said Tom Reeg, CEO of Caesars Entertainment.
With the addition of Harris Jones, Caesars Entertainment’s Board of Directors will grow to 10 members.

Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

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수요일, 3월 13, 2024

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Separately, the Company also announced today that Kosta N. Kartsotis has stepped down as Chief Executive Officer and Jeffrey N. Boyer, Chief Operating Officer, has been appointed Interim CEO, effective immediately.

Key Points:

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.
As a percentage of net sales, operating expenses were 53.3% in the fourth quarter of 2023 compared to 46.9% in the prior year fourth quarter.
Operating margin was (5.7)% in the fourth quarter of 2023 compared to 0.3% in the prior year fourth quarter.
Adjusted operating margin was (2.0)% in the fourth quarter of 2023 compared to 0.6% in the prior year fourth quarter.

Fossil Group, Inc. Announces Leadership Changes

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수요일, 3월 13, 2024

FOSL, Pillsbury (brand), Kraft Foods, Treasurer, Audit committee, KSS, Sally Beauty Holdings, Compensation, SBH, Retirement, Interim, Fossil Group, Lead, Management

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or “the Company”, NASDAQ: FOSL) today announced that Kosta N. Kartsotis is stepping down from his position as Chief Executive Officer and a member of the Board of Directors (the “Board”), effective immediately. To ensure a seamless transition, Kartsotis will remain with the Company in a transitional role until September 2024 and, thereafter, will provide consulting services to the Company until September 2025.

Key Points:

Mr. Mansell stated, “On behalf of the entire Board, I thank Kosta for his unwavering commitment and leadership to Fossil.
He has been a member of the executive leadership team at Fossil Group since 2017 and has served as Chief Operating Officer since April 2021.
Prior to Fossil Group, he held executive leadership positions across the retail and consumer landscape, including Pier 1 Imports, Inc., Tuesday Morning Corporation, 24 Hour Fitness Worldwide Holdings, Inc., and Michaels Stores, Inc.
Prior to his work in retail, he served in leadership roles in several consumer product firms including The Pillsbury Company and Kraft General Foods.

Fossil Group, Inc. Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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수요일, 3월 6, 2024

FOSL, Fossil Group

RICHARDSON, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2023 after market close on Wednesday, March 13, 2024, followed by a conference call to discuss the results at 5:00 p.m.

Key Points:

RICHARDSON, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2023 after market close on Wednesday, March 13, 2024, followed by a conference call to discuss the results at 5:00 p.m.
ET the same day.
The call can be accessed live on the Company’s investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

BUXTON HELMSLEY NOMINATES FOUR HIGHLY QUALIFIED DIRECTORS TO FOSSIL GROUP BOARD TO HELP END YEARS OF SHAREHOLDER SUFFERING

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화요일, 2월 20, 2024

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), which has an approximate 1.4% interest in Fossil Group, Inc. ("Fossil" or the "Company") (NASDAQ: FOSL), today announced its intention to nominate four highly qualified director candidates to the Fossil Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders.

Key Points:

Alexander Parker, Senior Managing Director at BHG, said, "Fossil is a beloved brand that has delighted millions of customers for years.
"Given the Board's abysmal judgement and failure to oversee management for years, the need for immediate change at Fossil is abundantly clear.
As a result, Buxton Helmsley is nominating four highly qualified directors with the required skillsets, financial and operational acumen, track records of creating shareholder value, and integrity to restore Fossil's credibility and rebuild trust with investors.
She is also Head of Strategy, Consulting at Seramount, a professional services and research firm committed to advancing high-performing, inclusive workplaces.

MIJO CONNECTED Launches with Disruptive New Smartwatch Platform Built with MicroEJ Wearable OS

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월요일, 1월 8, 2024

VEE Wear enables MIJO CONNECTED to leverage apps and device software across various platforms without draining battery life.

Key Points:

VEE Wear enables MIJO CONNECTED to leverage apps and device software across various platforms without draining battery life.
These range from cost-effective microcontroller systems, providing essential smartwatch features, to high-end platforms supporting ecosystems like Google Wear OS on microprocessors.
"I am pleased that MIJO CONNECTED selected MicroEJ to further provide innovation and functionality to the fashion smartwatch market,” said Dr. Fred Rivard, CEO at MicroEJ.
Those interested can contact MIJO CONNECTED and MicroEJ for a preview or to learn more about each company.