UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 19, 2007
DECKERS OUTDOOR CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-22446 95-3015862
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(Commission File Number) (IRS Employer Identification No.)
495A South Fairview Avenue, Goleta, California 93117
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (805) 967-7611
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into a Material Definitive Agreement.
On December 19, 2007, Deckers Outdoor Corporation (the "Company") announced
that Zohar Ziv, the Company's Chief Financial Officer and Executive Vice
President of Finance and Administration, has been promoted to the newly created
position of Chief Operating Officer of the Company, effective January 1, 2008.
In connection with his promotion, Mr. Ziv and the Company entered into an
Amendment dated December 19, 2007 (the "Amendment") to the Senior Executive
Employment Agreement between the Company and Mr. Ziv originally dated March 6,
2006 (the "Employment Agreement"). The Amendment supplements and amends the
Employment Agreement, which was previously filed as Exhibit 10.1 to the
Company's Current Report on Form 8-K filed with the Securities and Exchange
Commission on March 10, 2006.
Under the terms of the Amendment, (i) Mr. Ziv's base salary will increase
from $300,000 to $375,000 annually, (ii) the term of his employment will be
extended through December 31, 2009 unless earlier terminated, and (iii) Mr.
Ziv's title will be Chief Operating Officer. The Amendment is filed as Exhibit
10.1 hereto and is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
As described in Item 1.01 above, the Company announced the promotion of
Zohar Ziv to Chief Operating Officer of the Company, effective January 1, 2008.
The Company has initiated a search for a new Chief Financial Officer, and Mr.
Ziv will continue to function as Chief Financial Officer, in addition to his new
duties, until a replacement has been appointed.
A copy of the Company's press release announcing Mr. Ziv's promotion is
filed with this report as Exhibit 99.1 and is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
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10.1 Amendment dated December 19, 2007 to Senior
Executive Employment Agreement between Deckers
Outdoor Corporation and Zohar Ziv.
99.1 Press Release dated December 19, 2007, issued by
Deckers Outdoor Corporation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DECKERS OUTDOOR CORPORATION
Date: December 19, 2007 /s/ Zohar Ziv
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Zohar Ziv
Chief Financial Officer