Business Context and Reporting Period
This Form 8-K filing by Fox Factory Holding Corp. (NASDAQ: FOXF) was submitted on June 12, 2023. The report discloses a material change in executive leadership, specifically the appointment of a new Chief Financial Officer and the resignation of the interim CFO.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Appointment of CFO: Dennis C. Schemm (age 57) was appointed as Chief Financial Officer and Treasurer, effective June 12, 2023.
- Resignation of Interim CFO: Maggie Torres resigned as Interim Chief Financial Officer and Interim Treasurer effective June 12, 2023. She has transitioned to the role of Director of Accounting Projects.
- Employment Agreement: An Employment Agreement was executed between the Company and Mr. Schemm on June 12, 2023. The material terms were previously summarized in an 8-K filed on May 25, 2023.
- No Disputes: The filing explicitly states that Ms. Torres's resignation was not the result of any dispute regarding the Company's operations, policies, or practices.
Guidance, Outlook, and Risks
This filing contains no financial guidance, forward-looking outlook, or discussion of material risks and contingencies. The document is strictly limited to the disclosure of personnel changes and the attachment of the new CFO's employment agreement.
Investor Verification Checklist
- Review the full text of the Employment Agreement (Exhibit 10.1) to verify compensation terms and tenure conditions for Mr. Schemm.
- Confirm the transition timeline for the CFO role to ensure continuity in financial reporting.
- Check the May 25, 2023 Form 8-K for the previously disclosed summary of Mr. Schemm's agreement and background.