Departure and appointment · 16 October 2026
FOX FACTORY HOLDING CORP
FOXF · Listed
Key facts
- How the CEO left
- Resignation
- Planned or abrupt
- Abrupt
- Successor
- Interim CEO
- Outgoing CEO stays as
- Leaves the company
- Signs it was forced
- Yes
- Other news alongside
- Financial results, Lower guidance, Merger or acquisition
- Effective
- 16 October 2026
- Reason given
- Board decided to make a leadership change
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
On October 15, 2026, the Board of Directors (the “Board”) of the Company approved a leadership transition plan pursuant to which Michael C. Dennison, the Company’s Chief Executive Officer (“CEO”), is stepping down from his role as CEO.
On October 15, 2026, the Board also voted to appoint Douglas J. Grimm, a member of the Company’s Board, to serve as Interim CEO of the Company effective October 16, 2026.
Effective October 16, 2026, Douglas J. Grimm entered into an employment agreement with the Company in connection with his appointment as Interim CEO (the “Interim CEO Agreement”).
Pursuant to the Interim CEO Agreement, Mr. Grimm will serve as Interim CEO until the earlier of the commencement of employment of a permanent CEO selected by the Board or the termination of his employment in accordance with the Interim CEO Agreement.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 16 October 2026 at 20:06 New York time, after the market closed, so day 0 is the next trading day, 19 October 2026. Day 0 is marked by the vertical line.
| Window | FOXF | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −5.3% | +0.8% | −5.8% |
| Days 0 to +3 | −4.4% | +0.1% | −3.8% |
| 1 month (days 0 to +21)so far, 7 of 22 days | −3.7% | +0.8% | −3.4% |
| 3 months (days 0 to +63)so far, 7 of 64 days | −3.7% | +0.8% | −3.4% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 1.20) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- Fox Factory Q3 Preliminary Results Miss Its Expectations, Cuts Outlook, CEO Resigns; Stock Plunges ↗
rttnews.com · 16 October 2026 · Tone: negative
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.