ROCKY BRANDS, INC. (NASDAQ:RCKY) 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
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Compensation Actions |
On April 4, 2017, Rocky Brands, Inc. (the Company) announced the
appointment of William L. Jordan and Robert B. Moore, Jr. to the
Companys Board of Directors (the Board) as Class II Directors to
serve until the 2018 annual meeting of shareholders and until
their successors are duly elected.
Messrs. Jordan and Moore were appointed to fill vacancies in
Class II of the Companys Board created by (1) the resignation of
David Sharp from his position as a Class II Director on September
8, 2016, and (2) the increase in the number of directors
constituting the full Board from eight to nine. The Board expects
to appoint Messrs. Jordan and Moore to one or more committees of
the Board at an upcoming meeting.
Neither Mr. Jordan nor Mr. Moore has any direct or indirect
material interest in any transaction with the Company required to
be disclosed to Item 404(a) of Regulation S-K. There is no
arrangement or understanding between either Mr. Jordan or Mr.
Moore and any other person to which either was selected as a
director.
As with each of the Companys other non-employee directors,
Messrs. Jordan and Moore will be entitled to receive an annual
retainer of $70,000, payable by the issuance of shares valued at
$7,000 on the first day of each quarter, and the balance of
$42,000 payable in cash quarterly.
A press release announcing the appointment of Messrs. Jordan and
Moore to the Board is attached hereto as Exhibit 99 and is
incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description | |
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Press Release, dated April 4, entitled Rocky Brands, Inc. Appoints William L. Jordan and Robert B. Moore, Jr. to Board of Directors. |
About ROCKY BRANDS, INC. (NASDAQ:RCKY)
Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets. Its wholesale channels vary by product line and include sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants and uniform stores. In its retail segment, the Company sells its products directly to consumers through its consumer and business direct Websites and its Rocky outlet store. In its military segment, the Company sells footwear under the Rocky label to the United States military. ROCKY BRANDS, INC. (NASDAQ:RCKY) Recent Trading Information
ROCKY BRANDS, INC. (NASDAQ:RCKY) closed its last trading session up +0.10 at 10.90 with 62,412 shares trading hands.
