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 24, 2005
MOVADO GROUP, INC.
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(Exact Name of Registrant as Specified in Charter)
NEW YORK
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(State or Other Jurisdiction of Incorporation)
1-16497 13-2595932
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(Commission File Number) (IRS Employer Identification Number)
650 FROM ROAD
PARAMUS, NEW JERSEY 07652
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (201) 267-8000
NOT APPLICABLE
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(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 PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On June 24, 2005, the Board of Directors of Movado Group Inc. (the
"Company") elected Richard Isserman to the Board. The size of the Company's
Board of Directors was increased from eight to nine in connection with this
appointment.
There are no arrangements or understandings between Mr. Isserman
and any other person pursuant to which Mr. Isserman was selected as a director.
As discussed below in "Item 8.01. Other Events," Mr. Isserman has been appointed
to serve as a member of the Audit Committee.
As an independent director, Mr. Isserman is eligible to participate
in the 1996 Stock Incentive Plan, as amended and on June 24, 2005, he received
an option to purchase 1,500 shares.
A copy of the press release announcing Mr. Isserman's election is
attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.
ITEM 8.01. OTHER EVENTS.
APPOINTMENT OF COMMITTEE MEMBERS
On, June 24, 2005, the Board made the following appointments of
members to serve on the committees of the Board:
o Nominating/Corporate Governance Committee - Nathan Leventhal (Chair),
Leonard L. Silverstein and Margaret Hayes Adame
o Audit Committee - Donald Oresman (Chair), Alan H. Howard and Richard
Isserman
o Compensation Committee - Mr. Howard, Mr. Oresman, Ms. Hayes Adame and
Mr. Silverstein
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release of Movado Group, Inc. dated June 27, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned, hereunto duly authorized.
Dated: June 27, 2005
MOVADO GROUP, INC.
By: /s/ Timothy F. Michno
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Name: Timothy F. Michno
Title: General Counsel