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    SEC Form SC 13G filed by Fossil Group Inc.

    2/13/23 6:03:03 AM ET
    $FOSL
    Consumer Specialties
    Consumer Discretionary
    Get the next $FOSL alert in real time by email
    SC 13G 1 l210230sc13g.htm

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    Under the Securities and Exchange Act of 1934

    (Amendment No.  )*

     

    Fossil Group, Inc.

    (Name of Issuer)

     

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)

     

    34988V106

    (CUSIP Number)
     

     

    December 31, 2022

    (Date of Event which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    x Rule 13d-1(b)

    ¨ Rule 13d-1(c)

    ¨ Rule 13d-1(d)

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     1 
     

     

    CUSIP No.   34988V106

    1.       Names of Reporting Persons.

    I.R.S. Identification Nos. of above persons (entities only).

     

    Liechtensteinische Landesbank Aktiengesellschaft

     

    2.       Check the Appropriate Box if a Member of a Group

     

    (a)       x

    (b)       ¨

    3.       SEC Use Only

     

    4.       Citizenship or Place of Organization

     

    Vaduz, Principality of Liechtenstein

    Number of
    Shares
    Beneficially
    Owned by Each
    Reporting Person
    With
    5.Sole Voting Power 0
    6.Shared Voting Power 2,805,194
    7.Sole Dispositive Power 0
    8.Shared Dispositive Power 2,805,194

    9.       Aggregate Amount Beneficially Owned by Each Reporting Person

     

    2,805,194

     

    10.     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)      ¨

     

    11.     Percent of Class Represented by Amount in Row (9)

     

    5.4%

     

    12.     Type of Reporting Person (See Instructions)

     

    HC, FI

     

     

     2 
     

     

    CUSIP No.   34988V106

    1.       Names of Reporting Persons.

    I.R.S. Identification Nos. of above persons (entities only).

     

    LLB Fund Services AG

     

    2.       Check the Appropriate Box if a Member of a Group

     

    (a)       x

    (b)       ¨

    3.       SEC Use Only

     

    4.       Citizenship or Place of Organization

     

    Vaduz, Principality of Liechtenstein

    Number of
    Shares
    Beneficially
    Owned by Each
    Reporting Person
    With
    5.Sole Voting Power 0
    6.Shared Voting Power 2,805,194
    7.Sole Dispositive Power 0
    8.Shared Dispositive Power 2,805,194

    9.       Aggregate Amount Beneficially Owned by Each Reporting Person

     

    2,805,194

     

    10.     Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)      ¨

     

    11.     Percent of Class Represented by Amount in Row (9)

     

    5.4%

     

    12.     Type of Reporting Person (See Instructions)

     

    FI

     

     

     3 
     

     

    Item 1.

     

      (a)  Name of issuer: Fossil Group, Inc.
      (b)  Address of issuer’s principal executive offices:

    901 South Central Expressway

    Dallas, TX 75080

     

    Item 2.

     

    This statement on Schedule 13G is being filed by:

     

      (a)  Name of person filing:*

    This filing is being made on behalf of Liechtensteinische Landesbank Aktiengesellschaft (“LLB”) and its wholly-owned subsidiary, LLB Fund Services AG (“LLB FS” and, together with LLB, the “Reporting Persons”)

     

    *Attached to this Schedule 13G at Exhibit 1 is a Joint Filing Agreement between the Reporting Persons. This Schedule 13G is being filed on behalf of each of them.

     

      (b)  Address or principal business office or, if none, residence:

    The principal office of LLB is Städtle 44, P.O. Box 384, FL-9490 Vaduz, Liechtenstein

     

    The principal office of LLB FS is Aeulestrasse 80, P.O. Box 1238, FL-9490 Vaduz, Liechtenstein

     

      (c)  Citizenship:

    Each of LLB and LLB FS is an aktiengesellschaft (limited company) formed in Vaduz, Principality of Liechtenstein

     

      (d)  Title of class of securities:

    Common Stock, par value $0.01 per share

     

      (e)  CUSIP No.: 34988V106

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

     

    LLB:(g)  x  A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); and

    (j)   x  A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (LLB is a bank that is regulated under the laws of Liechtenstein)

    LLB FS:(j)   x   A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (LLB FS is an investment adviser that is regulated under the laws of Liechtenstein)

     

     4 
     

     

    Item 4. Ownership

     

    (a)Amount beneficially owned: 2,805,194
    (b)Percent of class: 5.4%
    (c)Number of shares as to which the person has:
    (i)Sole power to vote or to direct the vote: 0
    (ii)Shared power to vote or to direct the vote: 2,805,194
    (iii)Sole power to dispose or to direct the disposition of: 0
    (iv)Shared power to dispose or to direct the disposition of: 2,805,194

     

    Item 5. Ownership of Five Percent or Less of a Class

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐

     

    Item 6. Ownership of More than Five Percent on Behalf of Another Person

     

    The securities reported herein as beneficially owned by the Reporting Persons may also be deemed to be beneficially owned by BWM AG, an unaffiliated third party investment adviser which manages the position pursuant to an investment advisory agreement with LLB FS.

     

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

     

    See Items 2 and 3 above.

     

    Item 8. Identification and Classification of Members of the Group

     

    Not applicable.

     

    Item 9. Notice of Dissolution of Group

     

    Not applicable.

     

    Item 10. Certifications

     

    By signing below the undersigned certifies that, to the best of its knowledge and belief, (i) the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11, and (ii) the foreign regulatory scheme applicable to it is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institutions. The undersigned also undertakes to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

     

     5 
     

     

    Signatures

     

    After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

     

    Dated:   February 10, 2023 Liechtensteinische Landesbank Aktiengesellschaft
       
       
      By: /s/  Stefan Rein  
      Name:  Stefan Rein
      Title:  Vice President
       
      and
       
       
      By: /s/  Sonya Cepe  
      Name:  Sonya Cepe
      Title:  Vice President
       
       
       
    Dated:   February 10, 2023 LLB Fund Services AG  
       
       
      By: /s/  Stefan Rein  
      Name:  Stefan Rein
      Title:  Member of the Board of Directors
       
      and
       
       
      By: /s/ Bruno Schranz  
      Name:  Bruno Schranz
      Title:  CEO

     

     6 
     

     

    EXHIBIT 1

     

    JOINT FILING AGREEMENT

     

     

    The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows that such information is inaccurate.

     

     

    Dated:  February 10, 2023

    Liechtensteinische Landesbank Aktiengesellschaft

       
       
      By: /s/  Stefan Rein  
        Name:  Stefan Rein
        Title:  Vice President
       
      and
       
       
      By: /s/  Sonya Cepe  
        Name:  Sonya Cepe
        Title:  Vice President
       
       
       
    Dated:  February 10, 2023

    LLB Fund Services AG

     

       
       
      By: /s/  Stefan Rein  
        Name:  Stefan Rein
        Title:  Member of the Board of Directors
       
      and
       
       
      By: /s/  Bruno Schranz  
        Name:  Bruno Schranz
        Title: CEO

     

     

    7

     

     

     

     

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