Crocs, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Crocs, Inc. on October 2, 2008. The report discloses a corporate governance change involving the appointment of a new member to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
Effective October 2, 2008, Peter A. Jacobi was appointed as a director of Crocs, Inc. The Board has not yet determined the specific committee assignments for Mr. Jacobi. He will receive the Company's standard compensation for non-employee directors.
Management Commentary and Background
Mr. Jacobi brings significant industry experience, having been employed by Levi Strauss & Company from 1970 until his retirement in 1999. During his nearly 30-year tenure, he held senior positions including President of the Men's Jeans Division, President of Global Sourcing, President of Levi Strauss International, and President and Chief Operating Officer (1996–1999). He holds a BS in Business & Industrial Management from San Jose State University. There are no understandings or arrangements between Mr. Jacobi and any other person regarding his selection as a director.
Key Facts for Investor Verification
- Appointment Date: October 2, 2008.
- New Director: Peter A. Jacobi.
- Compensation: Standard non-employee director compensation package.
- Committee Assignments: Not yet determined by the Board.
- Background: Former President and COO of Levi Strauss & Company.