ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On January 5, 2021, the Board of Directors (the "Board") of Columbia Sportswear Company (the "Company") appointed John Culver to the Board as an independent director, effective immediately. A copy of the press release announcing Mr. Culver's appointment is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Mr. Culver will also serve as a member of the Compensation Committee.

There was no arrangement or understanding pursuant to which Mr. Culver was elected as a director.

In connection with Mr. Culver's service as a director, he will be entitled to the Company's customary compensatory arrangement for outside directors, including an annual retainer of $70,000 for Board service and an annual retainer of $10,000 for service on the Compensation Committee. Mr. Culver will also be entitled to receive an annual equity award comprising a stock option grant valued at $70,000 and a grant of time-based restricted stock units valued at $70,000. One hundred percent of the stock option becomes exercisable and one hundred percent of the shares of restricted stock units vest on May 1 following the date of grant (the "Vest Date"). Mr. Culver may elect to receive equity compensation in lieu of all or half of the $70,000 annual Board service fee, and he may elect how he wishes to allocate this amount between stock options and restricted stock unit awards that vest in full on the Vest Date.

In addition, in connection with his service as a director prior to the Company's 2021 annual meeting of shareholders, Mr. Culver will receive a prorated portion of each of the annual retainer, the Compensation Committee retainer, the annual equity award, and reasonable out-of-pocket expenses incurred in attending any Board or committee meetings that take place prior to the 2021 annual meeting of shareholders.

There are no transactions between the Company and Mr. Culver that would be required to be reported under Item 404(a) of Regulation S-K.




ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits

  99.1      Press Release dated January 6, 2021.

104         Cover Page Interactive Data File (embedded within the Inline XBRL document).

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