Attached files
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| EX-10.1 - EXHIBIT 10.1 - TAPESTRY, INC. | a51417180ex10_1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 8, 2016
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Coach, Inc.
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(Exact name of registrant as specified in its charter)
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Maryland
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1-16153
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52-2242751
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(State of
Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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10 Hudson Yards, New York, NY 10001
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(Address of principal executive offices) (Zip Code)
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(212) 594-1850
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(Registrant’s telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On September 8, 2016, Coach, Inc. (“Coach” or the “Company”) entered into a letter agreement (the “Letter Agreement”) outlining modified employment terms for Andre Cohen, the Company’s President, North America and Global Marketing.
The Human Resources Committee of the Coach Board of Directors (the “Committee”), with the support of the Company’s management, increased the period that Mr. Cohen be required to provide the Company with advance written notice of his intent to terminate employment from three (3) months to six (6) months. The Committee also approved a requirement that, in the event Mr. Cohen’s employment is terminated for any reason other than for cause, and Coach prevents him from working for a competitor in connection with his existing non-compete requirements, he will be paid his existing salary during the remainder of his non-compete period, so long as severance or other termination payments are not paid to him during this period.
The Letter Agreement amends Mr. Cohen’s existing employment letter, to the extent necessary, to reflect these modified employment terms. A portion of the annual equity award granted to Mr. Cohen was in consideration for their entering into the Letter Agreement.
Except as specifically set forth in the Letter Agreement and summarized herein, the terms and conditions of Mr. Cohen’s employment with Coach (including the terms of any employment letter, restrictive covenants agreement or equity agreement between Mr. Cohen and Coach) remains in effect following the effective date of the Letter Agreement.
The Letter Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing summary is qualified in its entirety by the terms of the actual Letter Agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 10.1 | Letter Agreement, dated September 8, 2016, between Coach and Andre Cohen |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 9, 2016
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COACH, INC.
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By:
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/s/ Todd Kahn
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Todd Kahn
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President, Chief Administrative Officer and
Secretary
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EXHIBIT INDEX
| 10.1 | Letter Agreement, dated September 8, 2016, between Coach and Andre Cohen |