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Stock impact report

Fossil Shareholder Seeks Board Changes After Stock Slide [MarketWatch]

Fossil Group, Inc. (FOSL) 
Last fossil group, inc. earnings: 11/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: fossilgroup.com/investors
Company Research Source: MarketWatch
Alexander Parker, senior managing director at BHG, said Fossil's board has not been buying stock in the company. He added that Fossil's chief financial officer has declined to answer or inappropriately answered BHG's questions. Advertisement "Given the Board's abysmal judgement and failure to oversee management for years, the need for immediate change at Fossil is abundantly clear," he said. BHG is nominating four directors to Fossil's board. The nominees include turnaround and restructuring specialist Pamela Corrie and Charles Garcia, a former managing director at Citadel. The investor also nominated Deirdre O'Connor, a managing director at Epiq Systems, and Rumbi Petrozzello, a principal at Rock Consulting. Representatives for Fossil Group didn't immediately respond to a request for comment. Write to Will Feuer at Will.Feuer@wsj.com Show less Read more
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