CROCS,INC. (NASDAQ:CROX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

Departure of Gregg Ribatt

On February23, 2017, the Board of Directors (the Board) of
Crocs,Inc. (the Company) agreed with Gregg Ribatt, the Companys
current Chief Executive Officer, that he will cease his service
as Chief Executive Officer effective June1, 2017. Mr.Ribatt will
be entitled to the payments outlined in Section5 of his
December15, 2014 offer letter with the Company. Mr.Ribatt is
expected to remain a member of the Board through the remainder of
his term, which will expire at the Companys 2018 annual meeting
of stockholders. In addition, in connection with his departure,
Mr.Ribatt and the Company agreed that he will forfeit his sign-on
performance-vesting restricted stock unit award and any of his
outstanding time-vesting restricted stock unit awards will
continue to vest through June1, 2018. Mr.Ribatt will also provide
consulting services to the Company through June1, 2018 for an
annual payment of $200,000.

Appointment of Andrew Rees as Chief Executive Officer

On February23, 2017, the Board appointed Andrew Rees, the
Companys current President, as President and Chief Executive
Officer of the Company effective June1, 2017. Biographical
information regarding Mr.Rees is contained in the Companys
definitive proxy statement filed with the Securities and Exchange
Commission on April25, 2016 and incorporated herein. The May13,
2014 offer letter between the Company and Mr.Rees will remain in
effect, except that Mr.Rees annual salary will be increased to
$950,000 and his annual incentive target shall be increased to
115% of his annual salary. In addition, the value of Mr.Rees long
term annual incentive target for 2017 will be $1.8 million and he
will be granted a one- time award of options to purchase 200,000
shares of common stock, vesting ratably on each of the first
three anniversaries of the effective date of his new appointment.

Item 9.01. Financial Statements and
Exhibits.

(d) Exhibits.

About CROCS, INC. (NASDAQ:CROX)

Crocs, Inc. is engaged in the design, development, manufacturing, across the world marketing and distribution of casual lifestyle footwear and accessories for men, women and children. The Company’s segments include Americas, Asia Pacific and Europe. The Americas segment consists of the product sales in the North and South America geographic regions. The Asia Pacific segment consists of the product sales throughout Asia, Australia, New Zealand, the Middle East and South Africa. The Europe segment consists of the product sales throughout Europe and Russia. The Company’s products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials. It sells its products in over 60 countries through domestic and international retailers and distributors, and directly to consumers through its company-operated retail stores, outlets, Webstores and kiosks.

CROCS, INC. (NASDAQ:CROX) Recent Trading Information

CROCS, INC. (NASDAQ:CROX) closed its last trading session down -0.21 at 6.44 with 1,780,004 shares trading hands.