Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 6, 2020, Joshua Schulman, the Chief Executive Officer and Brand
President, Coach of Tapestry, Inc. (the "Company"), notified the Company that he
is resigning from the Company. Mr. Schulman is expected to be employed by the
Company for up to six-months after the date of his resignation, pursuant to the
notice period required under his employment offer letter (the "Offer Letter"),
which is filed as an exhibit to the Company's Annual Report on Form 10-K for
fiscal year 2019. Under the terms of his Offer Letter, Mr. Schulman is also
subject to certain post-employment covenants for a period of twelve months
following his last day of employment (the "Restricted Period"), including a
prohibition on joining a competitor of the Company during the Restricted Period.
On March 9, 2020, the Company issued a press release concerning the departure of
Mr. Schulman. A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished herewith:
99.1 Text of Press Release, dated March 9, 2020
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