Fox Factory agrees to cooperation deal with Engine Capital, adds two directors
On February 8, 2026, Fox Factory entered a cooperation agreement with Engine Capital L.P. and its affiliates, announced February 9. The company will add Alan L. Bazaar and a second independent director with manufacturing operations experience, and will form a Transformation Committee to oversee profitability, cost-cutting and margin improvement. Chairman Dudley W. Mendenhall and director Ted D. Waitman will leave the board by the 2026 annual meeting, and the filing reports no financial results.
Key points
- Agreement dated February 8, 2026 with Engine Capital L.P. and certain affiliates; Alan L. Bazaar to join the board within ten business days.
- A second independent director with executive-level manufacturing operations experience to be added as a Class I director, with a term expiring at the 2026 annual meeting.
- Transformation Committee to be chaired by Sidney Johnson; management to retain a nationally recognized consulting firm to reduce costs and improve margins.
- Dudley W. Mendenhall will not stand for re-election and Ted D. Waitman will resign, both effective no later than the 2026 annual meeting; board size capped at seven without Engine Capital's consent.
The filing
Written by AI on Nov 8, 2026, 2:07 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 February 09, 2026.
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.