G III APPAREL GROUP LTD /DE/
For the period ended Apr 30, 2025. Filed Jun 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2025 · Filed Jun 6, 2025
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Item 1A. Risk Factors
In addition to the other information set forth in this Quarterly Report, you should carefully consider the risk factors contained in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended January 31, 2025 (the “Annual Report”), which could materially affect our business, financial condition and/or future results. As of April 30, 2025, there have been no material changes in our risk factors from those set forth in the Annual Report. The risks described in the Annual Report are not the only risks facing our company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or future results.
The following table provides information with respect to the Company’s common stock that the Company repurchased during the three months ended April 30, 2025. Included in this table are shares withheld during the three months ended April 30, 2025 to satisfy tax withholding requirements in connection with stock awards.
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| Date Purchased · · Total Number of Shares Purchased (1) · · Average Price Paid Per Share (1) · · Total Number of Share Purchased as Part of Publicly Announced Program (2) · · Maximum Number of Shares that may yet be Purchased Under the Program (2) | ||||||||||
| February 1 - February 28, 2025 | | — | | $— | | — | | | 7,790,168 | |
| March 1 - March 31, 2025 | | 3,500 | | | 26.08 | | 3,500 | | | 7,786,668 |
| April 1 - April 30, 2025 | | 983,839 | | | 24.96 | | 803,937 | | | 6,982,731 |
| | | 987,339 | | $24.96 | | 807,437 | | | 6,982,731 | |
(1)Included in this table are 179,902 shares withheld during April 2025 in connection with the settlement of vested restricted stock units to satisfy tax withholding requirements. Our 2015 Long-Term Incentive Plan provides that shares withheld are valued at the closing price per share on the date withheld.
(2)In August 2023, our Board of Directors reapproved our previously authorized share repurchase program and increased the number of shares remaining under that program to 10,000,000 shares. This program has no expiration date. Repurchases under the program may be made from time to time through open market purchases, accelerated share repurchase programs, privately negotiated transactions or other methods, as we deem appropriate.
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