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Share Name | Share Symbol | Market | Type |
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Abercrombie and Fitch Co | NYSE:ANF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.74 | 0.61% | 122.26 | 122.26 | 118.03 | 120.62 | 529,018 | 19:27:43 |
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ABERCROMBIE & FITCH CO.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-12107
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31-1469076
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(State or other jurisdiction
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(Commission File Number)
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(IRS Employer
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of incorporation)
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Identification No.)
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6301 Fitch Path, New Albany, Ohio 43054
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(Address of principal executive offices) (Zip Code)
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(614) 283-6500
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(Registrant's telephone number, including area code)
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Not Applicable
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(Former name or former address, if changed since last report)
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•
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The Company will continue to pay Ms. Andersen’s base salary in bi-weekly installments for 18 months following the Termination Date, with the first such payment to be made on the first payroll date following the Release Effective Date (and include all payments that would have otherwise been payable between the Termination Date and the date of such first payment), and such bi-weekly installment payments to aggregate $1,162,500;
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The Company will pay to Ms. Andersen, at such time as those executives who are actively employed with the Company would receive payments under the Abercrombie & Fitch Co. Short-Term Cash Incentive Compensation Performance Plan (the “Short-Term Cash Incentive Plan”), a pro-rated portion of Ms. Andersen’s annual cash incentive opportunity under the Short-Term Cash Incentive Plan, based on actual performance during the Company’s fiscal year ending February 2, 2019 (“Fiscal 2018”) and the number of days in Fiscal 2018 that have elapsed through the Termination Date;
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The Company will reimburse Ms. Andersen during the 18 months following the Termination Date for 100% of the monthly premium costs, less applicable withholding taxes on such reimbursement, of continuation coverage under the Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”), subject to Ms. Andersen’s election of such coverage and the additional eligibility requirements set forth in the Andersen Agreement; and
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•
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The outstanding equity awards held by Ms. Andersen will vest (if at all) in accordance with the terms of her award agreements and the applicable equity compensation plan.
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Abercrombie & Fitch Co.
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Dated: December 20, 2018
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By:
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/s/ Gregory J. Henchel
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Gregory J. Henchel
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Senior Vice President, General Counsel and Corporate Secretary
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1 Year Abercrombie and Fitch Chart |
1 Month Abercrombie and Fitch Chart |
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