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

(e) Compensation of Principal Executive Officer

As reported by Oxford Industries, Inc. in a Form 8-K filed on October 9, 2012, the company's board of directors is promoting Mr. Thomas C. Chubb III, the company's current president and also a member of its board of directors, to serve as the company's chief executive officer, effective January 1, 2013.

In connection with Mr. Chubb's promotion, on December 10, 2012, the nominating, compensation & governance committee (the "compensation committee") of the company's board of directors approved an increase in Mr. Chubb's base salary, from $600,000 per year to $725,000 per year, effective January 1, 2013. The compensation committee expects to review the overall terms of Mr. Chubb's compensation, including short-term incentive compensation and equity incentive compensation opportunities, at the time of its annual review of executive officer compensation in the Spring of 2013 following the conclusion of the company's current fiscal year ending February 2, 2013.