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PRE 14A
ICONIX BRAND GROUP, INC. filed this Form PRE 14A on 04/01/2019
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 

Pursuant to its charter, our Audit Committee must review and approve, where appropriate, all related party transactions.

 

On July 25, 2018, we entered into a cooperation agreement (the “Agreement”) with Sports Direct International plc (“Sports Direct”), which beneficially owned 5,664,115 shares of Common Stock on such date, that allowed Sports Direct to appoint two members to the Company’s Board of Directors. The Board appointed Justin Barnes and James Marcum as directors designated by Sports Direct. A copy of the Agreement is attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on July 27, 2018. Pursuant to the terms of the Agreement, it terminated in January 2019.

 

The Company has entered into certain license agreements in which the core licensee is also one of our joint venture partners. Additionally, transactions with Sports Direct are included in the table below. As of December 31, 2018, the Company recognized the following royalty revenue amounts:

 

   FY 2018 
Joint Venture Partner     
Global Brands Group Asia Limited  $19,544 
MHMC   2,927 
Albion Equity Partners LLC / GL Damek   2,644 
Rise Partners, LLC / Top On International Group Limited   977 
Sports Direct International plc   915 
Anthony L&S   623 
M.G.S. Sports Trading Limited   610 
Pac Brands USA, Inc.   246 
Buffalo International ULC    
Roc Nation    
   $28,486 

 

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