Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 12, 2019, Tapestry, Inc. (the "Company") announced that Anna Bakst,
the Company's Chief Executive Officer and Brand President, Kate Spade, will be
leaving the Company, effective as of December 31, 2019. Ms. Bakst is eligible
to receive twelve (12) months of base salary under the terms of her employment
offer letter and the Company's severance plan and severance event treatment of
her outstanding equity awards, subject to her signing a separation and release
agreement, as described in the Company's proxy statement for the Company's
fiscal year ended June 29, 2019.
On December 12, 2019, the Company issued a press release concerning the
departure of Ms. Bakst. 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 December 12, 2019
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