STEVEN MADDEN, LTD. (NASDAQ:SHOO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
(e) On March 25, 2019, Steven Madden, Ltd. (the “Company”) entered into an amendment (the “Amendment”) to its existing employment agreement, dated as of July 1, 2005, as previously amended (the “Madden Employment Agreement”), with Steven Madden, the Company’s founder, creator and Creative and Design Chief. The Amendment amends the Madden Employment Agreement to extend its term through December 31, 2026. Prior to the Amendment, the Madden Employment Agreement would have terminated three years earlier, on December 31, 2023. In consideration of this extension, the Company granted to Mr. Madden 200,000 restricted shares of the Company’s common stock, $0.0001 per share, under the Steven Madden, Ltd. 2006 Stock Incentive Plan, as amended, which shares are to vest in three nearly equal installments as follows: 66,666 shares on December 31, 2024; 66,667 shares on December 31, 2025; and 66,667 shares on December 31, 2026. All other terms of the Madden Employment Agreement remain unchanged.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
STEVEN MADDEN, LTD. Exhibit
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 FOURTH AMENDMENT TO THIRD AMENDED EMPLOYMENT AGREEMENT This Fourth Amendment,…
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About STEVEN MADDEN, LTD. (NASDAQ:SHOO)
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children. The Company operates through five segments: Wholesale Footwear, which consists of brands, including Steve Madden Women’s and Dolce Vita; Wholesale Accessories, which includes Betseyville and Luv Betse accessories brands; First Cost, which earns commissions for serving as a buying agent for footwear products under private labels for market merchandisers; Retail, which includes Steve Madden stores located in shopping malls and in urban street locations across the United States, Canada, Mexico and South Africa, and Licensing, which is engaged in the licensing of the Steve Madden and Madden Girl trademarks for use in connection with the manufacture and sale of outerwear and men’s leather accessories.
