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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors Certain Officers; Election of Directors; Appointment of Certain Offices; Compensatory Arrangements of Certain Officers
On April 20, 2023, the Board of Directors of Inter Parfums, Inc. (“Interparfums”) approved a new compensation arrangement for Jean Madar, the Chief Executive Officer and Chairman of the Board of Interparfums, through his personal holding company, Jean Madar Holding SAS, that was previously approved by the Executive Compensation and Stock Option Committee (the “Compensation Committee”). The aggregate increase in salary to Jean Madar and fees payable to Jean Madar Holding SAS is from $1.230 million to $2.0 million on an annual basis, effective as of January 1, 2023. Further, as requested by Jean Madar Holding SAS, effective April 1, 2023, all fees are to be paid entirely to Jean Madar Holding SAS, and for the balance of calendar year 2023, the amount of such fees shall be inclusive of the salary paid to Jean Madar individually from January 1, 2023 to March 31, 2023. The Audit Committee also approved this compensation arrangement as it is a related party transaction, and the Compensation Committee also approved the Amendment to the Service Agreement with Jean Madar Holding SAS to incorporate the new fee arrangement.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.171-1 | Amendment to Service Agreement (formerly Consulting Agreement) for Jean Madar Holding SAS effective as of January 1, 2023 |
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.
Dated: April 20, 2023
| Inter Parfums, Inc. | ||
| By: | /s/ Michel Atwood | |
| Michel Atwood | ||
| Chief Financial Officer | ||
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