<SEC-DOCUMENT>0000902664-24-001850.txt : 20240220
<SEC-HEADER>0000902664-24-001850.hdr.sgml : 20240220
<ACCEPTANCE-DATETIME>20240220084746
ACCESSION NUMBER:		0000902664-24-001850
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240220
DATE AS OF CHANGE:		20240220

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fossil Group, Inc.
		CENTRAL INDEX KEY:			0000883569
		STANDARD INDUSTRIAL CLASSIFICATION:	WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				752018505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41040
		FILM NUMBER:		24651014

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOSSIL INC
		DATE OF NAME CHANGE:	19940218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Buxton Helmsley Group, Inc.
		CENTRAL INDEX KEY:			0001844298
		ORGANIZATION NAME:           	
		IRS NUMBER:				475045339
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		1185 AVENUE OF THE AMERICAS
		STREET 2:		FLOOR 3
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2125615540

	MAIL ADDRESS:	
		STREET 1:		1185 AVENUE OF THE AMERICAS
		STREET 2:		FLOOR 3
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>p24-0924dfan14a.htm
<DESCRIPTION>FOSSIL GROUP, INC.
<TEXT>
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<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">SCHEDULE 14A</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">Proxy Statement Pursuant to Section 14(a)</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">of the Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by the Registrant </FONT> <FONT STYLE="font-family: Wingdings">&#168; </FONT></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filed
by a Party other than the Registrant </FONT> <FONT STYLE="font-family: Wingdings">&#254; </FONT></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">Check the appropriate box:</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="width: 93%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Preliminary Proxy Statement</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Definitive Proxy Statement</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;<FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Definitive Additional Materials</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;<FONT STYLE="font-family: Wingdings">&thorn;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; line-height: 107%">Soliciting Material Under Rule 14a-12</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fossil Group, Inc.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified in Its Charter)</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Buxton Helmsley Group, Inc. </B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Buxton Helmsley Capital Partners, LLC</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Buxton Helmsley Active Value Fund, L.P.</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Alexander Parker</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Chuck Garcia</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Deirdre A. O&rsquo;Connor</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pamela Corrie</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rumbi Petrozzello</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; background-color: white">(Name of Person(s)
Filing Proxy Statement, if other than the Registrant)<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center; background-color: white">Payment of Filing Fee
(Check the appropriate box):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 12pt; line-height: 107%">&#9746;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">No fee required.</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 12pt; line-height: 107%">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">Fee paid previously with preliminary materials.</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-bottom: 8pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 12pt; line-height: 107%">&#9744;</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules&nbsp;14a-6(i)(1)&nbsp;and&nbsp;0-11.</TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BUXTON HELMSLEY NOMINATES FOUR HIGHLY QUALIFIED
DIRECTORS TO FOSSIL GROUP BOARD </B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>TO HELP END YEARS OF SHAREHOLDER SUFFERING</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Sees Board and Management as Having Failed Shareholders
While Overseeing Precipitous Decline in Stock Price and Failing to Take Most Basic Steps to Restore Market Confidence; </I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>FOSL Shares Have Lost 97% of Value Since CEO Kosta
Kartsotis was Named Chairman of the Board Yet No Directors or Executive Officers Have Purchased Any Shares of Stock on Open Market in
Last Three Years</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Fossil CFO Sunil Doshi Inappropriately Answered
or Altogether Refused to Answer Basic Accounting-Related Due Diligence Questions Over Financial Statements Bearing His Signature</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>Believes Without Meaningful Board and Management
Change, Fossil Shareholders Face Imminent Irreparable Harm</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>NEW YORK &ndash; February 20, 2024</B> &ndash; The Buxton Helmsley
Group, Inc. (together with certain of its affiliates, &ldquo;BHG&rdquo; or &ldquo;we&rdquo;), which has an approximate 1.4% interest in
Fossil Group, Inc. (&ldquo;Fossil&rdquo; or the &ldquo;Company&rdquo;) (NASDAQ: FOSL), today announced its intention to nominate four
highly qualified director candidates to the Fossil Board of Directors (the &ldquo;Board&rdquo;) at the Company&rsquo;s 2024 Annual Meeting
of Shareholders.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Alexander Parker, Senior Managing Director at BHG, said, &ldquo;Fossil
is a beloved brand that has delighted millions of customers for years. However, it has become clear to us how much the Company&rsquo;s
future is in danger. For far too long, Fossil&rsquo;s Board and management have destroyed massive shareholder value due to a lack of proactivity,
made numerous, inexcusable strategic blunders, and &ndash; now made very clear to us &ndash; represent a grave threat to the Company&rsquo;s
investors and long-term prospects.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&ldquo;The facts under the current regime are disturbing: Fossil&rsquo;s
stock price has dropped approximately 97% since CEO Kosta Kartsotis was named Board Chair in May 2010, not a single incumbent director
or executive officer has purchased even one share of the Company&rsquo;s stock in the open market in three years, and five of eight directors
have never purchased a single share since joining Board.&nbsp; Further, the Company continues to employ a CFO who either inappropriately
answered or entirely refused to answer basic questions related to financial statements he previously certified.&nbsp; From his silence,
in the face of what should be easy to answer questions, we believe the CFO is leaving open the possibility of later abandoning his previous
certifications of the Company&rsquo;s financial statements.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&ldquo;Moreover, the Board&rsquo;s actions (including strapping CFO Sunil
Doshi with a &ldquo;golden parachute&rdquo; after his alarming communications with BHG, in apparent fear of BHG&rsquo;s imminent intervention)
are clear to us to be putting investors in imminent danger, and the Company on a path to financial ruin, an outcome we cannot accept.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&quot;Given the Board&rsquo;s abysmal judgement and failure to oversee
management for years, the need for immediate change at Fossil is abundantly clear. As a result, Buxton Helmsley is nominating four highly
qualified directors with the required skillsets, financial and operational acumen, track records of creating shareholder value, and integrity
to restore Fossil&rsquo;s credibility and rebuild trust with investors. Our nominees include Pamela B. Corrie, who brings 25 years of
experience in corporate turnarounds; Charles Garcia, who has substantial capital markets expertise; Deirdre A. O'Connor, who served at
the U.S. Department of Justice for ten years; and Rumbi B. Petrozzello, former President of the New York State Society of CPAs. We believe
these four director candidates possess the expertise to restore confidence in Fossil&rsquo;s leadership and explore numerous neglected
opportunities to enhance shareholder value.&rdquo;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">BHG&rsquo;s Director Nominees include:</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Pamela B. Corrie &ndash;</B> Ms. Corrie has over 25 years of experience in complex corporate turnarounds and restructuring strategies.
After practicing law at Weil, Gotshal &amp; Manges for a decade, Ms. Corrie served in extensive executive leadership roles, including
as the General Counsel for Risk and Restructuring at General Electric Capital Corporation, Americas and Chief Restructuring Officer of
ABC Carpet and Home, Inc. She also served as Chief Executive Officer, Corporate of Epiq Systems, Inc., a provider of legal and business
services. She previously held or currently holds board positions at Burford Capital, Spark Networks SE, AIG Financial Products, IFit Health
and Fitness Inc., AM Castle, Carl Marks Advisors, Boxed, Inc.*, Lord &amp; Taylor, Pier 1 Imports, Inc.*, and Bed, Bath &amp; Beyond*
(director of 15 subsidiaries), among others. (*Ms. Corrie's appointment to these companies as a director has been in her capacity as a
restructuring professional).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Charles Garcia </B>&ndash; Mr. Garcia is an accomplished leader in executive development for Fortune 500 companies, financial institutions,
and financial technology firms, starting his own company, Climb Leadership International, in 2013. He has built a career focused on the
capital markets and financial services industries, having previously served as a managing director at Citadel, and before that, as a director
of business development at BlackRock. He began his career at Bloomberg where he later spearheaded Bloomberg LP&rsquo;s strategic launch
across Latin America. Mr. Garcia has also served as an adjunct professor at Columbia University and as a professor and assistant dean
at Long Island University&rsquo;s School of Business.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Deirdre A. O&rsquo;Connor &ndash;</B> Ms. O&rsquo;Connor is a successful business leader with extensive governance, legal, finance
and restructuring experience. She is a managing director at Epiq Systems, Inc., where she rebuilt Epiq's restructuring business to drive
revenue growth by approximately 1,400% over the course of three years. Prior to Epiq, she spent over ten years at the U.S. Department
of Justice, overseeing some of the largest in-court restructurings in history, including that of Delta Airlines. Ms. O'Connor also previously
served as managing director at Wells Fargo Capital Finance, where she positioned the business to a place of prominence in the restructuring
lending space. She has served in directorship positions at ABC Carpet &amp; Home, Inc., LUSH USA (court-appointed), on the Celsius Network
Litigation Oversight Committee and at the Connecticut Democracy Center.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><B>Rumbi B. Petrozzello</B> &ndash; Ms. Petrozzello has significant experience in accounting and forensic investigation matters and
holds the professional designations of Certified Public Accountant (CPA), is Certified in Financial Forensics (CFF), and is also a Certified
Fraud Examiner (CFE). She is a principal of Rock Consulting, where she provides consulting services related to ensuring internal controls
adequacy at organizations, in addition to providing litigation support related to accounting and financial matters. She is also Head of
Strategy, Consulting at Seramount, a professional services and research firm committed to advancing high-performing, inclusive workplaces.
Previously, she was president at the New York Society of CPAs.</TD></TR></TABLE>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>About Buxton Helmsley</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">The Buxton Helmsley Group, Inc. is a New York City-based investment advisory
firm and fund manager, engaging both active and passive investment strategies across a range of asset classes, with a general focus on
opportunities in North America and Europe. The investment approach is based on deep fundamental analysis and risk management, with a focus
on ensuring disclosure obligations being upheld under applicable accounting standards and securities laws.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>Important Information </B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11.75pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt">The Buxton Helmsley Group, Inc. and certain of its affiliates
(&ldquo;BHG&rdquo;), Alexander Parker, Pamela Corrie, Deirdre A. O&rsquo;Connor, Rumbi B. Petrozzello and Charles Garcia (collectively,
the &ldquo;Participants&rdquo;) intend to file a definitive proxy statement and accompanying GOLD proxy card (the &ldquo;Proxy Statement&rdquo;)
with the SEC to be used to solicit proxies in connection with the 2024 annual meeting of shareholders (the &ldquo;Annual Meeting&rdquo;)
of the Fossil Group, Inc. (the &ldquo;Company&rdquo;). All shareholders of the Company are advised to read the Proxy Statement and other
documents related to the solicitation of proxies, each in connection with the Annual Meeting, by the Participants when they become available,
as they will contain important information, including additional information related to the Participants. The Proxy Statement and an accompanying
GOLD proxy card will be furnished to some or all of the Company&rsquo;s stockholders and will be, along with other relevant documents,
available at no charge on the SEC website at <FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt">http://www.sec.gov</FONT>.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; background-color: #FEFEFE">Information about the Participants and a description
of their direct or indirect interests by security holdings or otherwise is contained in Exhibit 1 to the Schedule 14A to be filed by the
Participants with the SEC on February 20, 2024. This document is available free of charge from the sources described above.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>Disclaimer </B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">This material does not constitute an offer to sell or a solicitation of
an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press
release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements
contained in this press release that are not clearly historical in nature or that necessarily depend on future events are &ldquo;forward-looking
statements,&rdquo; which are not guarantees of future performance or results, and the words &ldquo;will,&rdquo; &ldquo;anticipate,&rdquo;
&ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;potential,&rdquo; &ldquo;could,&rdquo; &ldquo;opportunity,&rdquo; &ldquo;estimate,&rdquo;
and similar expressions are generally intended to identify forward-looking statements. Any projected results and/or statements contained
in this press release that are not historical facts are based on current expectations, speak only as of the date of this press release
and involve risks that may cause the actual results to be materially different. Certain information included in this press release is
based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness
of such data, and any analyses provided to assist the recipient of this press release in evaluating the matters described herein may be
based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly,
any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. Any
figures are unaudited estimates and subject to revision without notice. BHG disclaims any obligation to update the information herein
and reserve the right to change any of their opinions expressed herein at any time as they deem appropriate. Past performance is not indicative
of future results.</P>




<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>Contacts</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Media:</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Jonathan Gasthalter/Nathaniel Garnick/Grace Cartwright</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Gasthalter &amp; Co.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">(212) 257-4170</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">buxtonhelmsley@gasthalter.com</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Investors:</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Gabrielle Wolf/Jon Salzberger</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Innisfree M&amp;A Incorporated</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">(212) 750-5833</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 1</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center; background-color: #FEFEFE"><B>CERTAIN INFORMATION
REGARDING THE PARTICIPANTS</B></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The Buxton Parties (as defined below),
together with the other Participants (as defined below), intend to file a definitive proxy statement and accompanying proxy card with
the SEC to be used to solicit proxies for votes (a &ldquo;Proxy Solicitation&rdquo;) regarding the election of its slate of director nominees
and other proposals that may come before the 2024 annual meeting of stockholders of Fossil Group, Inc. (the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">THE PARTICIPANTS STRONGLY ADVISE ALL STOCKHOLDERS
OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC&rsquo;S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN
THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Participants in any future Proxy Solicitation
are anticipated to be: (i) Buxton Helmsley Active Value Fund, L.P. (&ldquo;Active Value Fund&rdquo;), a Delaware limited partnership,
(ii) The Buxton Helmsley Group, Inc., a New York corporation (&ldquo;BHG&rdquo;), (iii) Buxton Helmsley Capital Partners, LLC (&ldquo;Capital
Partners&rdquo;), (iv) Alexander Parker (&ldquo;Mr. Parker&rdquo;), (v) Chuck Garcia (&ldquo;Mr. Garcia&rdquo;), (vi) Deirdre A. O&rsquo;Connor
(&ldquo;Ms. O&rsquo;Connor&rdquo;), (vii) Pamela Corrie (&ldquo;Ms. Corrie&rdquo;), and (viii) Rumbi Petrozzello (&ldquo;Ms. Petrozzello&rdquo;
and together with Active Value Fund, BHG, Capital Partners, Mr. Parker, Mr. Garcia, Ms. O&rsquo;Connor and Ms. Corrie, the &ldquo;Buxton
Parties&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of the date hereof, the Participants
beneficially own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934), in the aggregate, 711,310 shares of
common stock, par value $0.01 per share, of the Company (the &ldquo;Common Stock&rdquo;). As of the date hereof, Capital Partners
may be deemed to beneficially own 711,310 shares of Common Stock (including 100 shares of Common Stock held in record name by Active
Value Fund and 191,500 shares of Common Stock underlying call option contracts (the &ldquo;Call Options&rdquo;) held by Active Value
Fund), by virtue of being the investment manager of Active Value Fund and an affiliated managed account managed by Capital Partners.
Mr. Parker may be deemed to beneficially own 711,310 shares of Common Stock (including the 100 shares of Common Stock held in record
name by Active Value Fund and the 191,500 shares of Common Stock underlying the Call Options), by virtue of being the Managing
Partner of Capital Partners. The Call Options are contracts with unaffiliated third party
financial institutions which are exercisable within 60 days of the date hereof and which contain a strike price of $4.00 and an
exercise date of March 15, 2024.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font: 12pt/107% Times New Roman, Times, Serif">Capital Partners is the investment manager and general partner of
Active Value Fund. BHG serves as investment advisor to Active Value Fund.</P>

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