JOB CUT AT FIFTH & PACIFIC: Fifth & Pacific Cos. Inc. said Tuesday in a regulatory filing with the Securities and Exchange Commission that John Moroz has left the company. He was senior vice president for global operations. The company said the position has been eliminated. Per an agreement dated Jan. 11, Moroz will receive cash payments totaling $562,500, representing 1 times his base salary and target bonus, and medical coverage for six months. Moroz also gets an acceleration of certain unvested non-qualifed stock options to purchase common stock in the company that otherwise would have vested on March 1, 2013.
January 15, 2013