Fox Factory Holding

Key facts

Headquarters

Duluth, Georgia, United States

Employees

4,100

Industries

Automotive, machinery, Manufacturing

Status

Public (FOXF)

Website

foxfactory.com

LinkedIn

Company page

Recent activity at Fox Factory Holding

• Oct 15, 2026: SEC 8-K (5.02): On October 15, 2026, the Company announced a leadership transition where Michael C. Dennison resigned as Chief Executive Officer and from the Board of Directors, effective the same day. The Board decreased its size in conjunction with this departure. Douglas J. Grimm was appointed as Interim CEO, effective October 16, 2026. Grimm, who has extensive experience including serving as CEO of V-to-X, LLC, will receive an annual salary of $1,065,000 under his new employment agreement. The transition reflects a strategic move within the Company as discussions for a permanent CEO continue.
• Sep 29, 2026: SEC 8-K (1.01): On September 25, 2026, Fox Factory, Inc. entered into a Stock Purchase Agreement with Squared Up Holdings, LLC, under which the Purchaser acquired all shares of Wheelhouse Holdings Inc. for an enterprise value of $225 million. The purchase price comprised $200 million in cash and a $25 million unsecured subordinated convertible promissory note, which has a 4.55% interest rate and matures on December 31, 2026. The cash consideration is subject to adjustments based on the company's financial position at closing. This transaction is significant for Fox Factory as it allows them to reduce outstanding borrowings while also reallocating funds toward operational expenses. Additional terms include a collar on post-closing price adjustments of $250,000.
• Aug 06, 2026: SEC 8-K (7.01): On September 25, 2026, Fox Factory Holding Corp. announced the completion of the sale of all issued and outstanding shares of its wholly owned indirect subsidiary, Wheelhouse Holdings Inc., which is the parent company of Marucci Sports, LLC. This divestiture involves members of Marucci’s existing senior management as part of the investor group acquiring the business. Marucci specializes in the design, manufacture, and marketing of premium baseball bats and diamond sports products. The transaction reflects a strategic move to allow Marucci’s management to take direct control of operations, potentially impacting Fox Factory's focus on its core business areas. The financial details of the transaction were not disclosed, but the significance of this change in ownership could have substantial implications for both parties involved.
• May 07, 2026: SEC 8-K (1.01): On May 6, 2026, Fox Factory Holding Corp. entered into the Sixth Amendment to its Credit Agreement and the Third Amendment to its Guaranty and Security Agreement with Wells Fargo Bank and a group of lenders. This Amendment modifies the terms of the existing Credit Agreement originally dated April 5, 2022, including changes to interest rate margins for both SOFR and base rate loans, which will now range based on the Company's Consolidated Net Leverage Ratio. The Amendment also tightens covenants regarding indebtedness and investments, creating stricter requirements for the Company during a Covenant Relief Period lasting until at least June 30, 2028. This change provides the Company with more flexibility to meet its financial obligations while maintaining secured financing structures from lenders.
• Mar 26, 2026: Douglas J. Grimm Appointed as Class I Director at Fox Factory
• Mar 26, 2026: SEC 8-K (5.02): On March 25, 2026, Fox Factory Holding Corp. appointed Douglas J. Grimm as a Class I director following an increase in the board size per a Cooperation Agreement dated February 8, 2026, with Engine Capital L.P. The appointment is effective immediately, and Mr. Grimm's term will last until the 2026 annual meeting of stockholders, with a subsequent nomination for a term expiring at the 2029 annual meeting. Mr. Grimm will serve on the Audit and Transformation Committees, receiving standard director benefits, including compensation and indemnification, prorated based on his appointment date. This change aims to enhance board composition and governance.
• Mar 25, 2026: SEC 8-K (5.02): On March 25, 2026, Fox Factory Holding Corp. increased the size of its Board of Directors from eight to nine members and appointed Douglas J. Grimm as a Class I director. This appointment is part of the Cooperation Agreement dated February 8, 2026, with Engine Capital L.P. and its affiliates. Mr. Grimm's term is set to expire at the company's 2026 annual meeting of stockholders, and he will be nominated for election for a term expiring at the 2029 annual meeting. This change is significant as it reflects an ongoing collaboration with Engine Capital, potentially influencing strategic direction and governance of Fox Factory.
• Feb 13, 2026: SEC 8-K (5.02): On February 13, 2026, Fox Factory Holding Corp. increased its board size by one member and appointed Alan L. Bazaar as a Class II director, following terms outlined in a Cooperation Agreement effective February 8, 2026, with Engine Capital L.P. The new board structure now comprises eight directors, with Bazaar's term set to expire at the 2027 annual meeting. Additionally, an advisory committee, the Transformation Committee, was formed to supervise management's profitability and cost-cutting initiatives, indicating strategic efforts to enhance financial performance.
• Feb 13, 2026: SEC 8-K (5.02): On February 13, 2026, Fox Factory Holding Corp. appointed Alan L. Bazaar as a Class II director, expanding the board to eight members. This appointment is part of the terms set forth in a Cooperation Agreement dated February 8, 2026, between the Company and Engine Capital L.P. The newly formed Transformation Committee will focus on profitability and cost-cutting initiatives. Mr. Bazaar will receive typical director benefits, including compensation and reimbursement for expenses, with his benefits pro-rated starting from his appointment date.
• Feb 09, 2026: SEC 8-K (5.02): On February 9, 2026, Fox Factory Holding Corp. announced the retirement of Dudley W. Mendenhall from the Board, who will not stand for re-election at the 2026 Annual Meeting. Additionally, Ted D. Waitman will also retire from the Board effective at the same Annual Meeting. The departures of both directors are not due to any disagreements regarding the Company's operations or policies. This transition reflects a changing governance structure as the Company prepares for its upcoming Annual Meeting.

Leadership

• Larry, Chairman and CEO
• Mike, Chief Growth Officer and Board of Directors
• Rich, Vice President - Performance Vehicle Development
• Janet Wong, Chief Human Resources Officer
• Douglas J. Grimm, Director

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Employee benefit plans

Fox Factory Holding files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

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About Fox Factory Holding: questions and answers

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy