Business Context and Reporting Period
This Form 8-K reports the results of the 2026 Annual Meeting of Shareholders for Movado Group, Inc., held on June 17, 2026. The filing details the voting outcomes for the election of directors, the ratification of the independent auditor, and the advisory vote on executive compensation.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the company's most recent Form 10-K or 10-Q for financial performance details.
Material Changes and Voting Results
The following matters were submitted to shareholders and approved:
- Election of Directors: All eight nominees were elected to the Board of Directors. Notable vote counts included:
- Alex Grinberg: 73,566,830 votes For; 180,391 votes Withheld.
- Ann Kirschner: 67,862,733 votes For; 5,884,488 votes Withheld (highest withheld count).
- Total Broker Non-Votes: 1,760,877 for all director nominees.
- Ratification of Auditor: Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for Fiscal Year 2027.
- Votes For: 75,249,766
- Votes Against: 257,663
- Votes Abstaining: 669
- Executive Compensation (Say-on-Pay): Shareholders approved, on an advisory basis, the compensation of named executive officers.
- Votes For: 73,196,126
- Votes Against: 530,635
- Votes Abstaining: 20,460
Guidance, Outlook, and Risks
This filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is strictly a disclosure of shareholder voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes withheld for directors, particularly for Ann Kirschner.
- Confirm the specific fiscal year end date for the 2027 audit period ratified by shareholders.
- Review the Proxy Statement referenced in the filing for detailed executive compensation data approved in Matter Three.
- Note the consistent number of broker non-votes (1,760,877) across director and compensation proposals, indicating shares held in street name where brokers lacked discretionary authority.