COLUMBIA SPORTSWEAR COMPANY (NASDAQ:COLM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On June14, 2017, Columbia Sportswear Company (Columbia) issued a
press release announcing the appointment of Jim Swanson as Senior
Vice President and Chief Financial Officer of Columbia and the
appointment of Peter Rauch as Senior Vice President and Chief
Transformation Officer, each effective July1, 2017. Thomas B.
Cusick, Columbias Executive Vice President, Chief Operating
Officer, Chief Financial Officer and Treasurer, will be stepping
down from his position as Chief Financial Officer in connection
with Mr.Swansons appointment, also effective July1, 2017.
Upon Mr.Swansons appointment as Chief Financial Officer of
Columbia, Mr.Swanson will also be assuming the role of principal
accounting officer. Mr.Swanson, 43, joined Columbia in April 2003
as Global Senior Financial Analyst and was named Vice President
of Finance in May 2015. Mr.Swanson served as a Senior Global
Financial Analyst from April 2003 to December 2004, as Finance
Manager from January 2005 to December 2008 and as Director of
Strategic and Financial Planning from January 2009 to May 2015.
Prior to joining Columbia, Mr.Swanson served in a variety of
financial planning and analysis, tax and accounting roles,
including senior financial analyst at Freightliner Corporation
and at Tality Corporation a wholly-owned subsidiary of Cadence
Design Systems, and as a senior tax and business advisory
associate at Arthur Andersen.
Peter Rauch will step down from his current position as Columbias
Chief Accounting Officer effective upon his appointment as
Columbias Chief Transformation Officer.
ITEM9.01 FINANCIAL STATEMENTS AND EXHIBITS.
| (d) | Exhibits |
| 99.1 | Press Release dated June14, 2017. |
About COLUMBIA SPORTSWEAR COMPANY (NASDAQ:COLM)
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada. The Company develops and manages its merchandise in categories, including apparel, accessories and equipment, and footwear. Its apparel, accessories and equipment are designed to be used in various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports and adventure travel. The Company’s footwear products include hiking boots, trail running shoes, rugged cold weather boots, sandals and casual shoes. Its products are sold in approximately 100 countries.
