UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): JUNE 3, 2005 MOVADO GROUP, INC. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) NEW YORK -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 1-16497 13-2595932 -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification Number) 650 FROM ROAD PARAMUS, NEW JERSEY 07652 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (201) 267-8000 NOT APPLICABLE -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (SEE General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. (b) Michael J. Hand, Corporate Controller and Principal Accounting Officer resigned effective June 3, 2005. (c) Effective June 3, 2005 Ernest R. LaPorte, Vice President - Finance, was appointed as Principal Accounting Officer. Mr. LaPorte, who was hired to serve as Vice President - Finance by Movado Group, Inc. on February 14, 2005, is 53 years old and is a CPA. Prior to joining Movado Group, he spent over five years at Barnes & Noble, Inc., a nation-wide retailer, in various senior management positions. Prior to that, Mr. Laporte worked at GE Capital Corporation, a financial services company, in financial planning and controller capacities. Mr. LaPorte's annual base salary is $215,000, and he is a participant in Movado Group Inc.'s bonus program, with a target bonus equal to 30% of his base salary. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: June 6, 2005 MOVADO GROUP, INC. By: /s/ Timothy F. Michno ------------------------------- Name: Timothy F. Michno Title: General Counsel