Summary of OXFORD INDUSTRIES INC

Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Retirement of Chief Executive Officer

On October 8, 2012, Oxford Industries, Inc. announced that Mr. J. Hicks Lanier, the company's chairman and chief executive officer, has announced plans to retire from his position as the company's chief executive officer effective December 31, 2012. Mr. Lanier will continue to serve on the company's board of directors as its chairman following his retirement. Mr. Lanier has served as the company's chief executive since 1977.

In addition, the company announced that its board of directors has elected Mr. Thomas C. Chubb III, the company's president and a current member of its board of directors, to succeed Mr. Lanier as the company's chief executive officer effective January 1, 2013.

Mr. Chubb, 48, is the company's president and has held that position since 2009. Mr. Chubb was elected to the company's board of directors at the company's annual meeting of shareholders in June 2012. Prior to Mr. Chubb's election as the company's president, Mr. Chubb served as the company's vice president, general counsel and secretary from 1999 to 2004 and as the company's executive vice president from 2004 to 2009. Mr. Chubb initially started with the company in 1988 as a summer intern and joined the company full time in 1989. Mr. Chubb received a Bachelor of Arts degree in Economics from The University of North Carolina at Chapel Hill and a Doctor of Jurisprudence degree from The University of Georgia.

A copy of the press release issued by the company announcing Mr. Lanier's retirement as the company's chief executive officer and the election of Mr. Chubb as his successor is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.