The latest update is out from Fox Factory Holding (FOXF).
Thomas L. Fletcher’s tenure as President of the Aftermarkets Applications Group at Fox Factory Holding Corp. ended on August 1, 2024, with his departure being classified as a termination without cause. He will receive severance pay and a pro-rated bonus, based on his 2024 employment period, and his COBRA health insurance premiums will be covered for up to a year or until he finds new employment. Fletcher also agreed to provide transition services for the company on a limited basis for one year post-departure. However, certain unvested stock units were forfeited while others remain subject to performance goals.
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