UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

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):  June 10, 2014

 

G-III APPAREL GROUP, LTD.

(Exact name of registrant as specified in its charter)

 

Delaware 0-18183 41-1590959
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation)   Identification No.)

 

512 Seventh Avenue 10018
New York, New York (Zip Code)
(Address of principal executive offices)  

 

Registrant’s telephone number, including area code: (212) 403-0500

 

Not Applicable

 (Former name or former address, if changed since last report)

 

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 (see General Instruction A.2 below):

 

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

 

(e)       On June 10, 2014, the Compensation Committee of the Board of Directors of G-III Apparel Group, Ltd. (the “Company”) approved an increase in the base salary of Wayne Miller, the Company’s Chief Operating Officer, from $500,000 to $750,000 per annum, effective July 1, 2014.

 

Item 5.07  Submission of Matters to a Vote of Security Holders.

 

The Company held its Annual Meeting of Stockholders on June 10, 2014. A total of 20,028,430 shares were represented in person or by proxy at the 2014 Annual Meeting of Stockholders and the Company’s stockholders took the following actions:

 

Proposal No. 1:  Election of Directors

 

The Company’s stockholders elected each of the eleven nominees for director to serve until the next Annual Meeting of Stockholders and until their respective successors shall have been duly elected and qualified based on the following votes:

 

Name  Votes For   Votes Withheld   Broker Non-Votes 
             
Morris Goldfarb   17,994,248    823,297    1,210,885 
                
Sammy Aaron   17,854,601    962,944    1,210,885 
                
Thomas J. Brosig   18,309,047    508,498    1,210,885 
                
Alan Feller   18,397,586    419,959    1,210,885 
                
Jeffrey Goldfarb   17,855,627    961,918    1,210,885 
                
Jeanette Nostra   15,199,731    3,617,814    1,210,885 
                
Laura Pomerantz   18,446,868    370,677    1,210,885 
                
Allen Sirkin   18,526,023    291,522    1,210,885 
                
Willem van Bokhorst   18,161,562    655,983    1,210,885 
                
Cheryl Vitali   18,594,353    223,192    1,210,885 
                
Richard White   18,130,630    686,915    1,210,885 

 

Proposal No. 2:    Proposed Amendments to the Performance-Based Bonus Provisions in the Employment Agreement with Morris Goldfarb

 

The Company’s stockholders approved the proposed amendments to the performance-based bonus provisions in the employment agreement with Morris Goldfarb by the following vote:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
              
 18,693,396    103,660    20,489    1,210,885 

 

 
 

 

Proposal No. 3:    Proposed Amendments to the Performance-Based Bonus Provisions in the Employment Agreement with Sammy Aaron

 

The Company’s stockholders approved the proposed amendments to the performance-based bonus provisions in the employment agreement with Sammy Aaron by the following vote:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
              
 18,676,049    105,411    36,085    1,210,885 

 

Proposal No. 4:  Advisory Vote on Compensation of the Company’s Named Executive Officers

 

The Company’s stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers by the following vote:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
              
 15,479,411    3,317,311    20,823    1,210,885 

 

The Company’s Board of Directors and Compensation Committee will consider the results of this advisory vote in making future decisions on named executive officer compensation.

 

Proposal No. 5: Ratification of Independent Registered Public Accounting Firm

 

The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2015 based on the following votes:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
              
 19,499,205    501,837    27,388    1,210,885 

 

SIGNATURE

 

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.

 

  G-III APPAREL GROUP, LTD.
   
Date:  June 12, 2014    
     
  By: /s/ Neal S. Nackman
  Name: Neal S. Nackman
  Title: Chief Financial Officer