SEC Contract Filing

Filing Date: 2023-04-13

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d460737dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>VOTING AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">THIS VOTING AGREEMENT (this &#147;<B>Agreement</B>&#148;) is made as of April&nbsp;12, 2023 (the &#147;<B>Effective
Date</B>&#148;), between, on the one hand, (a)&nbsp;Guess?, Inc., a Delaware Corporation (the &#147;<B>Company</B>&#148;), and, on the other hand, (b)&nbsp;Paul Marciano, individually (&#147;<B>PM</B>&#148;), and as trustee of the Paul Marciano
Trust (the &#147;<B>PM Trust</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><U>RECITALS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, as of the Effective Date, PM and Maurice Marciano (&#147;<B>MM</B>&#148;) collectively have the right to vote
(without duplication) 23,807,719 shares (the &#147;<B>Marciano Total Voting Shares</B>&#148;) of common stock, par value $0.01 per share, of the Company (&#147;<B>Common Shares</B>&#148;) representing 42.75% of the Total Voting Power (the
&#147;<B>Marciano Threshold Percentage</B>&#148;) on any Stockholder Action; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, simultaneously with this
Agreement, the Company is issuing $275&nbsp;million aggregate principal amount of Convertible Senior Notes due 2028 (the &#147;<B>Notes</B>&#148;) in a private placement and, in connection with the issuance of the Notes, is purchasing 2,237,872
Common Shares (the &#147;<B>Repurchase</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, immediately after the Repurchase, the Marciano Total
Voting Shares will give PM and/or MM the right to vote Common Shares having 44.54% of the Total Voting Power (the &#147;<B>Marciano Post-Transaction Percentage</B>&#148;) on any Stockholder Action; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the Board of Directors of the Company has unanimously approved the issuance of the Notes, the Repurchase and
the voting arrangements set forth in this Agreement with respect to the Marciano Increased Percentage; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>,
the Board of Directors of the Company approved the Repurchase in reliance upon PM and the PM Trust entering into this Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS</B>, the Company, PM and the PM Trust desire to set forth in this Agreement certain terms and conditions regarding
the voting rights of PM and the PM Trust with respect to the Excess Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><U>AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>NOW, THEREFORE</B>, in consideration of the mutual covenants and promises contained in this Agreement and for other good
and valuable consideration, the receipt and adequacy of which are acknowledged, and intending to be legally bound, the Company, PM and the PM Trust agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><U>DEFINITIONS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:11%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><U>Definitions</U>. For purposes of this Agreement: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>Agreement</B>&#148; has the meaning set forth in the preamble. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>Business Day</B>&#148; means any day, other than Saturday, Sunday
or any day that is a legal holiday under the laws of the State of Delaware or is a day on which banking institutions in the State of Delaware are authorized or required by law or other governmental action to close. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>Common Shares</B>&#148; has the meaning set forth in the recitals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>Company</B>&#148; has the meaning set forth in the preamble. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;<B>Effective Date</B>&#148; has the meaning set forth in the preamble. </P>
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