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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Movado Group Inc | NYSE:MOV | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.13 | 0.51% | 25.73 | 26.005 | 25.72 | 25.82 | 1,160 | 14:35:56 |
MOVADO GROUP, INC.
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(Exact name of registrant as specified in its charter)
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New York
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(State or other jurisdiction of incorporation)
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1-16497
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13-2595932
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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650 From Road, Suite 375
Paramus, NJ
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07652-3556
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(Address of principal executive offices)
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(Zip Code)
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(201) 267-8000
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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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐ | 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
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Entry into a Material Definitive Agreement.
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The expiration date has been extended from December 31, 2018 until December 31, 2023.
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The Company will now guarantee MGI’s obligations under the license agreement.
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Sales minima are specified through the extended term.
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The royalty rates have been revised.
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New requirements for marketing and advertising expenditures have been established.
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MOVADO GROUP, INC.
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By:
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/s/ Mitchell C. Sussis |
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Name: Mitchell C. Sussis
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Title: Senior Vice President and
General Counsel |
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1 Year Movado Chart |
1 Month Movado Chart |
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