FOX FACTORY HOLDING CORP (FOXF) Form 8-K — Oct 16, 2026
Fox Factory announced that CEO Mike Dennison is stepping down after seven years, with independent director Douglas Grimm appointed Interim CEO effective October 16, 2026. The Board retained Heidrick & Struggles to lead a search for a permanent CEO, and Dennison has resigned from the Board while transition terms remain under discussion. Alongside the leadership change, the company pre-announced preliminary Q3 results below expectations: net sales of $336-340 million versus guidance of $355-380 million, and adjusted EBITDA of $38-42 million versus guided $46-54 million.
Key figures
- Revenue
- $336 million to $340 million (preliminary Q3 FY2026 net sales)
- Guidance
- FY2026 net sales lowered to $1.35B-$1.38B from $1.42B-$1.47B; adjusted EBITDA lowered to $140M-$150M (ex-tariff refunds) from $176M-$196M
- Q4 net sales guidance
- $287M-$313M
- Ieepa tariff refunds fy
- ~$14 million
- Ieepa tariff refunds q3
- ~$12 million
- Interim ceo base salary
- $1,065,000
- Interim ceo initial rsu
- $2,000,000
- Q3 adjusted ebitda prelim
- $38M-$42M (vs guidance $46M-$54M)
- Interim ceo additional rsu
- up to $1,600,000
- Q4 adjusted ebitda guidance
- $23M-$29M (ex-Marucci)
- Interim ceo completion bonus
- $600,000
AI analysis
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