Tim Harmon Resigns From Quiksilver Board

On January 23, former PacSun executive Timothy M. Harmon resigned as a director of Quiksilver, Inc.

Before his tenure at Quiksilver, Harmon served as President and Chief Merchandising Officer of Pacific Sunwear of California, Inc. from October 1997 until July 2005.

Compensation as Director:

(Source: Forbes.com)

The announcement was one of several items listed in the company’s 8-K Form released on January 27.

Quiksilver announced on January 26 that it would be taking steps to reduce costs, and is eliminating 200 positions within the company.

From Form 8-K:

Change in Directors or Principal Officers, Other Events

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 23, 2009, Timothy M. Harmon resigned as a director of Quiksilver, Inc. (the “Company”).

Item 8.01. Other Events.
Expense Reduction
The Company issued a press release on January 26, 2009 announcing that it was taking additional steps to reduce expenses in its Americas region as part of an overall restructuring effort to reposition its business and in response to the continued decline in the consumer retail environment. The press release is attached as Exhibit 99.1.
2009 Annual Meeting
The Company’s 2009 Annual Meeting of Stockholders will be held at the Company’s headquarters at 15202 Graham Street, Huntington Beach, CA 92649 on Wednesday, March 25, 2009 at 10:00 a.m. local time. Item 9.01. Financial Statements and Exhibits.
(c) Exhibits Exhibit No. Exhibit Title or Description
99.1 Press Release, dated January 26, 2009, issued by Quiksilver, Inc.