<SEC-DOCUMENT>0001105446-13-000011.txt : 20130501
<SEC-HEADER>0001105446-13-000011.hdr.sgml : 20130501
<ACCEPTANCE-DATETIME>20130501140300
ACCESSION NUMBER:		0001105446-13-000011
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130501
DATE AS OF CHANGE:		20130501
EFFECTIVENESS DATE:		20130501

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOSSIL INC
		CENTRAL INDEX KEY:			0000883569
		STANDARD INDUSTRIAL CLASSIFICATION:	WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
		IRS NUMBER:				752018505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19848
		FILM NUMBER:		13802206

	BUSINESS ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080
		BUSINESS PHONE:		9722342525

	MAIL ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALVERT SOCIAL INDEX SERIES INC
		CENTRAL INDEX KEY:			0001105446
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVE
		STREET 2:		STE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		3019514881

	MAIL ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVE
		STREET 2:		STE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALVERT 2000 SERIES INC
		DATE OF NAME CHANGE:	20000207
</SEC-HEADER>
<DOCUMENT>
<TYPE>PX14A6G
<SEQUENCE>1
<FILENAME>cvpcsispx14a6g050113.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>cvpcsispx14a6g050113.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff" style="font-family: 'Times New Roman';font-size: 11pt;">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=6><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">FORM PX14A6G</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=6><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=6><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">Fossil, Inc. - FOSL</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=6><font color=black face="Times New Roman" lang=EN-US style="font-size:22.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Filed:&#160; May 1, 2013</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Notice of Exempt Solicitation. Definitive
Materials.</font></font></p>




</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">United
  States</font></font><font color=black size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;"> Securities and Exchange Commission</font></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Washington</font></font><font color=black size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">, D.C. 20549</font></font><font color=black size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">
&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">&nbsp;</font></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Notice
of Exempt Solicitation</font></font><font color=black size=2><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=5><font color=black face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Pursuant
to Rule 14a-103</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1. Name of Registrant: </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fossil, Inc.</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2. Name of person(s) relying on exemption:
</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-indent:-.25in;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">a.</font><font face="Times New Roman" size=1><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font></font><font color=black><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Calvert
Social Index Fund, Calvert VP S&amp;P 500 Index Portfolio and Calvert VP NASDAQ
100 Index Portfolio (the &#8220;Funds&#8221;), acting through Calvert Investment
Management, Inc.</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-indent:-.25in;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">b.</font><font face="Times New Roman" size=1><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font></font><font color=black><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">First
Affirmative Financial Network</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">3. Address of person(s) relying on
Exemption: </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-22.5pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">a.&#160;&#160;&#160;&#160; 4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814 <br>
<br>
</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-22.5pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">b.&#160;&#160;&#160;&#160; PO
Box 19635, Boulder, CO 80308</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-22.5pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">4. Written Materials: </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Attached are written materials, submitted
pursuant to Rule 14a-6(g) promulgated under the Securities Exchange Act of
1934, in connection with a proxy proposal to be voted on at the Registrant&#8217;s
2013 Annual Meeting. </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp; </font></font></p>

<div align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">

<hr align=center color=black noshade size=2 width="100%">

</div>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman" size=3><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;
</font></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=3><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">IMPORTANT PROXY VOTING MATERIAL</font></b></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman" size=3><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" size=3><b><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Shareholder
Rebuttal to Fossil, Inc.&#8217;s Opposition Statement Regarding Water Risk in the
Supply Chain (p. 46 of Fossil&#8217;s Proxy)</font></u></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Proposal # 5. Shareholder Proposal </font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">This proposal has been filed by Calvert Investment Management, Inc.,
and First Affirmative Financial. The proponents view the responsible management
of water issues in the supply chain as a matter of strategic importance to
business and investors. The steady increase in population and water demand,
coupled with the effects of worsening water quality and climate change, </font></font><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">makes fresh water scarcity a global problem.&#160; Apparel
companies that rely on cotton, leather, and other agricultural inputs are among
the companies that face the greatest risk.&#160; Water shortages can cause
production shortfalls, price volatility, higher energy costs, regulatory action
and competition. It is imperative that companies with significant exposure to
water risk, including apparel companies, understand, manage and disclose
information to investors.&#160;&#160;&#160; </font></font></p></div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fossil&#8217;s opposition statement and
primary arguments against this proposal are that:</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol size=3><font face=symbol lang=EN-US style="font-size:12.0pt;">&#183;</font><font face="Times New Roman" size=1><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fossil complies with all applicable environmental
laws and regulations.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol size=3><font face=symbol lang=EN-US style="font-size:12.0pt;">&#183;</font><font face="Times New Roman" size=1><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fossil has a Code of Conduct with which
manufactures must comply and offers training on environmental compliance. The
company also argues that it conducts audits of supplier&#8217;s compliance with the
Code of Conduct.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol size=3><font face=symbol lang=EN-US style="font-size:12.0pt;">&#183;</font><font face="Times New Roman" size=1><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font></font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Fossil states that it does not believe preparing
the report requested by this proposal would be a good use of the Company's time
and resources and that it would not deliver any meaningful benefit to
shareholders.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Our Rebuttal and Rationale for a YES
vote follows:</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Understanding, managing and disclosing information about the supply
chain risks is precisely what our proposal is about.&#160; By understanding water
risk in its supply chain and strengthening environmental commitments, Fossil
will be better equipped for sustainable growth.&#160; The company&#8217;s contention that
it complies with legal and regulatory requirements misses the point of the
proposal. There are currently no regulations governing water risk in the supply
chain and the company&#8217;s Code of Conduct for Manufacturers fails to address this
issue.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Rationale for a &#8220;FOR&#8221; vote: </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Fossil is a clear laggard in the apparel industry.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Leading companies in apparel and accessories publish sustainability
policies and reports that describe vendor standards and sustainable business
practices. They gather and disclose information about key environmental impacts
throughout the value chain of their products.&#160; Nine West, Adidas, Clarks, Dr.
Martens, Deckers, K-Swiss, New Balance, Nike, Puma, Timberland, Wolverine all
participate in the Leather Working Group (LWG), a multi-stakeholder initiative
that maintains an environmental auditing protocol and promotes sustainable
business practices among companies that produce leather and leather goods.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">In 2010, Nike committed to have all leather suppliers join LWG and
actively worked with its suppliers toward that goal.&#160; Nike also took a leading
role in developing the auditing protocol to strengthen the voluntary program.&#160;
Timberland was a founding member of LWG and has continued to work closely with
tanners to reduce environmental impacts.&#160; H&amp;M is working to educate farmers
and promote more sustainable farming practices.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">While leather goods are a growing segment in Fossil&#8217;s
product line up, the company is not a member of the LWG and does not disclose
information about an alternative supplier environmental audit program.&#160;
Furthermore, Fossil does not disclose corporate environmental policies, nor
does Fossil communicate to stakeholders and shareholders important information
about long-term sustainability performance such as water and energy use and
pollution reduction strategies related to the production of leather goods.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Fossil does not seem to understand the strategic significance
of water risk and pollution in the supply chain&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Leather tanning and finishing are polluting processes that use and
discharge heavy metals, chemicals, organic matter, salts and acids.&#160;&#160; Untreated
effluent is a serious problem in developing countries where leather production
is growing.&#160; With suppliers located throughout the world, Fossil is well
positioned to work with third party manufactures to improve sustainability
practices and disclosure.&#160;&#160; In addition, the business risks associated with water
scarcity and declining water quality are likely to be worsened by climate
change in certain regions.&#160; It is imperative that Fossil address these
long-term business risks.&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The company claims that describing supply chain risk is not of interest
to stakeholders.&#160; In fact, investors are extremely concerned about matters that
present long term risk to companies they own.&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The advantage of understanding water&#8217;s importance is certainly tangible
for the world&#8217;s clothing companies. It is widely understood that regional
droughts have a ripple effect in the international food and agriculture
sectors.&#160; Many companies have already experienced price volatility in their
agricultural supplies due to the extended drought in the US southwest.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Results from the Carbon Disclosure Project Survey of 500 global
companies, show that the majority of respondents (59%) found water to be a
substantial risk factor.&#160; Over one third of respondents reported that they have
experienced water-related impacts to their business with associated costs up to
$200 million.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The company maintains that it has a corporate Code of Conduct for
Manufacturers that sets forth corporate responsibility requirements for
suppliers.&#160; We respect that Fossil sets out expectations to protect human rights
but nowhere in the publicly disclosed information is there any discussion of
supply chain environmental risk.It is our belief, that Fossil is missing
significant opportunities for value creation, brand enhancement and risk
mitigation by refusing to undertake the request our proposal makes.&#160;&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Sustainability expert, Yvo de Boer, KPMG&#8217;s special global adviser on
Climate Change, contends there are global sustainability megaforces at work -
including water and resource availability -that are likely to add to business
complexity in the coming decades.&#160; In a press release for the launch of KPMG&#8217;s
February 2012 report, Expect the Unexpected:&#160; Building Business Value in a
Changing World, de Boer stated: </font></font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face="Times New Roman" size=3><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Without
action and strategic planning, risks will multiply and opportunities will be
lost. Corporations are recognizing that there is value and opportunity in
responsibility beyond the next quarter&#8217;s results, that what is good for people
and the planet can also be good for the long-term bottom line and shareholder
value.&#8221;&#160; </font></i></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">It is time for Fossil to assess, manage and disclose information about
supply chain environmental risk.&#160; Shareholders are urging a vote FOR this
common-sense proposal for improved environmental performance, transparency and
success of Fossil Inc&#8217;s long-term operations, following the instruction
provided on the company&#8217;s proxy mailing.&#160; </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face="Times New Roman" size=3><b><font color=black face="Times New Roman" lang=EN-US style="font-size:12.0pt;">THE FOREGOING INFORMATION
MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE, U.S. MAIL, E-MAIL, CERTAIN
WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS
INVESTMENT ADVICE OR AS A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY.&#160; NO
PROXY CARDS WILL BE ACCEPTED BY CALVERT INVESTMENT MANAGEMENT, INC. (CIM), ANY
REGISTERED INVESTMENT COMPANY THAT HAS RETAINED CIM AS ITS INVESTMENT ADVISER
(EACH A CALVERT FUND), OR FIRST AFFIRMATIVE FINANCIAL NETWORK. PLEASE DO NOT
SEND YOUR PROXY TO CIM, ANY CALVERT FUND OR FIRST AFFIRMATIVE FINANCIAL NETWORK.&#160;
TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.&#160; THE
COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE
ENTIRELY BY CIM, CERTAIN CALVERT FUNDS, AND/OR FIRST AFFIRMATIVE FINANCIEAL
NETWORK.</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=2><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=3><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">For questions regarding Fossil&#8217;s </font></i><b><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Proposal #5 on Water Risk in the Supply Chain, </font></i></b><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">please
contact Jules Frieder, &#160;Calvert Investments, 301.961.4753, jules.frieder@calvert.com</font></i></font></p>



</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
