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AI brief of an SEC Form 8-K · Crocs (CROX)

Crocs Chief Digital Officer Adam Michaels to resign effective May 1, 2025

Neutral Impact 2 of 5 leadership Written later

Crocs said Executive Vice President and Chief Digital Officer Adam Michaels notified the company on March 3, 2025, that he will resign effective May 1, 2025. The company and Mr. Michaels expect to sign a separation agreement that includes a lump sum payment of $320,000, non-compete and non-solicitation covenants, and transition duties through the separation date.

Key points

  • Adam Michaels resigns as Executive Vice President and Chief Digital Officer, effective May 1, 2025
  • Expected lump sum payment of $320,000 under the separation agreement, with no cash severance
  • All unvested equity awards cease to vest on the separation date; no 2025 annual bonus or long-term incentive plan participation
  • Full separation agreement to be filed as an exhibit to the Form 10-Q for the quarter ending June 30, 2025

The filing

CompanyCrocs (CROX)
Form8-K, current report
Filed with the SECMar 7, 2025, 7:30 AM ET
Accession number0001334036-25-000026

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.