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

Crocs names Patraic Reagan CFO effective Sept. 22; reaffirms third quarter outlook

Neutral Impact 4 of 5 leadership Written later

Crocs appointed Patraic Reagan, currently CFO of SharkNinja, as Executive Vice President and Chief Financial Officer, effective September 22, 2025, after CFO Susan Healy resigned effective immediately on August 28, 2025. The company also reaffirmed its third quarter 2025 financial outlook, which it had previously disclosed on August 7, 2025.

Key points

  • Patraic Reagan starts September 22, 2025, with an annual base salary of $750,000 and a sign-on bonus of $800,000, which he must repay if he leaves or is terminated for Cause within 12 months.
  • Reagan receives a $3.5 million equity grant in time-based restricted stock units, vesting in parts from six to 36 months after his start date.
  • Susan Healy resigned on August 28, 2025, and will serve as Special Advisor until October 31, 2025, with a $400,000 lump sum payable on her separation date and no cash severance.
  • Crocs reaffirmed its third quarter 2025 outlook and will present at the Goldman Sachs 32nd Annual Global Retailing Conference on September 3, 2025.

The filing

CompanyCrocs (CROX)
Form8-K, current report
Filed with the SECAug 29, 2025, 7:31 AM ET
Accession number0001334036-25-000094

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

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 August 29, 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.