Morton Erlich - Skechers USA Lead Independent Director

SKX Stock  USD 56.08  0.29  0.51%   

Director

Mr. Morton D. Erlich is an Lead Independent Director of Skechers USA Inc. Mr. Erlich has served as a member of the board of directors of American Vanguard Corporation . Mr. Erlich also serves as Chairman of the Audit Committee and member of each of the Compensation Committee and Nominating and Governance Committee at American Vanguard. Mr. Erlich worked for 34 years at KPMG LLP including 24 years as an audit partner until retiring in September 2004. His last position at KPMG LLP was office managing partner of the office in Woodland Hills, California since 2017.
Age 75
Tenure 8 years
Address 228 Manhattan Beach Blvd., Manhattan Beach, CA, United States, 90266
Phone310 318 3100
Webhttps://www.skechers.com
Erlich’s qualifications to serve on our Board include 34 years of accounting and finance experience at KPMG LLP and being licensed as a certified public accountant in California since 1974. While a partner with KPMG LLP, Mr. Erlich served as lead audit partner for numerous companies in a variety of industries including companies in consumer markets, manufacturing, distribution and retail sectors. His accounting and finance experience includes expertise with various types of transactions such as bank lines of credit, debt financings, equity financings including public offerings, and mergers and acquisitions.

Skechers USA Management Efficiency

The company has Return on Asset of 0.0706 % which means that on every $100 spent on assets, it made $0.0706 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1583 %, implying that it generated $0.1583 on every 100 dollars invested. Skechers USA's management efficiency ratios could be used to measure how well Skechers USA manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.08 in 2025. Return On Capital Employed is likely to rise to 0.20 in 2025. At this time, Skechers USA's Return On Assets are fairly stable compared to the past year. Asset Turnover is likely to rise to 1.71 in 2025, whereas Net Tangible Assets are likely to drop slightly above 2 B in 2025.
Skechers USA has 1.83 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Skechers USA has a current ratio of 2.22, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Skechers to invest in growth at high rates of return.

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Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children and performance footwear for men and women worldwide. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California. Skechers USA operates under Footwear Accessories classification in the United States and is traded on New York Stock Exchange. It employs 6200 people. Skechers USA (SKX) is traded on New York Stock Exchange in USA. It is located in 228 Manhattan Beach Blvd., Manhattan Beach, CA, United States, 90266 and employs 10,100 people. Skechers USA is listed under Textiles, Apparel & Luxury Goods category by Fama And French industry classification.

Management Performance

Skechers USA Leadership Team

Elected by the shareholders, the Skechers USA's board of directors comprises two types of representatives: Skechers USA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Skechers. The board's role is to monitor Skechers USA's management team and ensure that shareholders' interests are well served. Skechers USA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Skechers USA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas Walsh, Independent Director
Richard Siskind, Lead Independent Director
Rick Graham, Ex Officer
Philip Paccione, Executive Vice President - Business Affairs, General Counsel, Corporate Secretary
John Vandemore, Chief Financial Officer
Katherine Blair, Independent Director
Michael Greenberg, Co-Founder and President and Director
Eunice Han, Senior Relations
Jeffrey Greenberg, Senior Vice President - Active Electronic Media, Director
Mark Nason, Executive Vice President - Product Development
Pete Calichman, Senior Sales
David Weinberg, CFO, COO, Principal Accounting Officer Executive VP and Director
Robert Greenberg, Chairman of the Board, Chief Executive Officer
Morton Erlich, Lead Independent Director
Jason DEath, Manager Engineering
Geyer Kosinski, Independent Director
Richard Rappaport, Independent Director
Zulema Garcia, Independent Director
Yolanda Macias, Independent Director

Skechers Stock Performance Indicators

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