- Fox Factory Holding Corp (NASDAQ:FOXF) said Scott R. Humphrey, Chief Financial Officer and Treasurer, will be leaving the company on April 14, 2023.
- Humphrey’s separation is a termination without cause under the employment agreement.
- Until April 14, 2023, Humphrey will continue to be the CFO and Treasurer and will be entitled to severance equal to twelve months of annual base salary.
- The Board appointed Maggie Torres as the company’s Interim Chief Financial Officer and Interim Treasurer.
- “Scott played a key role in aligning financial offices across the Company and building out a more comprehensive financial infrastructure,” said CEO Mike Dennison.
- Price Action: FOXF shares closed higher by 0.40% at $122.69 on Tuesday.
Investor Optimism Declines Amid Recession Worries
The CNN Money Fear and Greed index showed further easing in the investor sentiment after the Dow Jones tumbled by around 350 points on Tuesday.
The S&P dropped for a fourth consecutive session amid fears of recession. Markets are largely projecting the Fed to raise interest rates by a half-percentage point when it meets next week.
