Core Viewpoint - Fossil Group, Inc. has successfully approved its restructuring plan through a meeting of its Plan Creditors, which is a significant step in its financial restructuring process [1][4]. Group 1: Restructuring Plan Approval - The restructuring plan was approved by the requisite statutory majority of Plan Creditors during a meeting held on November 6, 2025 [1][4]. - A total of 363 Plan Creditors voted in favor of the restructuring plan, representing 99.99% by value of those present and voting [7]. - The approval required at least 75% in value of the Notes held by the Plan Creditors to vote in favor, with 82.88% of eligible creditors present at the meeting [4]. Group 2: Upcoming Court Hearing - Following the approval, a Sanction Hearing is scheduled for November 10, 2025, at the Royal Courts of Justice in London to sanction the restructuring plan [4]. - The exact time and location of the Sanction Hearing will be confirmed and published by the Court on November 7, 2025 [4]. Group 3: Communication and Information - An Explanatory Statement detailing the terms of the restructuring plan is available online for Plan Creditors [5]. - Retail holders of the Notes can contact an appointed Retail Advocate for inquiries regarding the restructuring plan and the upcoming hearing [6].
Announcement Regarding the Result of the Fossil Plan Meeting