Company Overview of FOX Factory, Inc.
FOX Factory, Inc., doing business as Fox Racing Shox, designs and develops shock absorbers and racing suspension products in the united States and internationally. The company offers its products for snowmobiles, mountain bikes, motorcycles, ATVs, UTVs, off-road cars, trucks, and SUVs. It also designs and offers apparel, race gears, hats, parts, T-shirts, hoodies, and accessories for men, women, and kids through its online store. FOX Factory, Inc. was founded in 1974 and is based in Scotts Valley, California. FOX Factory, Inc. operates as a subsidiary of Fox Factory Holding Corp.
915 Disc Drive
Scotts Valley, CA 95066
Founded in 1974
Key Executives for FOX Factory, Inc.
Chief Patent Counsel and General Counsel
Compensation as of Fiscal Year 2015.
FOX Factory, Inc. Key Developments
Fox Factory Holding Corp. and Fox Factory, Inc. Enter into Amendment of Revolving Credit Agreement
May 29 15
On May 29, 2015, Fox Factory Holding Corp. entered into a second amendment to amended and restated revolving credit agreement to its existing amended and restated credit agreement, dated as of March 31, 2014, by and among the company, Fox Factory, Inc. and ST USA Holding Corp., the lenders party thereto, and SunTrust Bank, as administrative agent. Such existing amended and restated credit agreement was amended to revise the definition of Continuing Director contained therein.
Fox Announces Earnings Results for the First Quarter of 2014
May 8 14
Fox announced earnings results for the first quarter of 2014. At the company, revenue increased year-over-year by approximately 2% and EBITDA declined 13%. The company's results will continue to be consolidated with the results of other subsidiaries until Compass Diversified Holdings's ownership percentages drop below controlling interests.
Fox Factory Amends and Restates its Existing Revolving Credit Facility Agreement
Apr 1 14
Fox Factory Holding Corp. amended and restated its existing credit agreement, which credit agreement was dated as of August 7, 2013 and was by and among the company and Fox Factory, Inc., as ‘Borrowers’, the lenders party thereto, and SunTrust Bank, as Administrative Agent (‘Agent’). The existing credit agreement established a $60,000,000 secured revolving credit facility in favor of the Borrowers. Such existing credit agreement was amended and restated to, among other things, add the company’s wholly owned subsidiary, Sport Truck USA Holding Corp. (the ‘Buyer’), as a borrower there under, extend the termination date of the revolving credit facility to March 31, 2019, and provide for a secured term loan in the principal amount of $50,000,000 and maturing, subject to quarterly amortization payments, on March 31, 2019 (the ‘Term Loan’). The proceeds of the Term Loan were used, in part, to fund the purchase of the assets of Sport Truck USA, Inc.
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