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4-Traders Homepage  >  Equities  >  Nyse  >  Coach Inc    COH

COACH INC (COH)
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COACH INC : Change in Directors or Principal Officers (form 8-K)

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06/23/2017 | 10:33pm CEST
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced in a Current Report on Form 8-K filed on April 6, 2017
with the U.S. Securities and Exchange Commission (the "SEC"), Andre Cohen, the
President, North America and Global Marketing of Coach, Inc. (the "Company"),
notified the Company on April 3, 2017 that he would be resigning.  Mr. Cohen's
last day with the Company will be July 1, 2017, the last day of the Company's
fiscal year ("fiscal year 2017").
On June 20, 2017, the Human Resources Committee of the Coach Board of Directors
(the "Committee") determined that Mr. Cohen will receive his earned bonus for
fiscal year 2017, based on the actual achievement of the performance criteria
established by the Committee, on the date that the Company pays bonuses for
fiscal year 2017 to other employees of the Company, subject to Mr. Cohen abiding
by the terms, conditions and post-employment restrictions of his employment
letter with the Company.  In addition, the Committee has determined that the
equity awards granted to Mr. Cohen on August 14, 2014, the terms of which are
disclosed in the Company's Proxy Statement filed with the Securities and
Exchange Commission on September 25, 2015, under "Compensation Discussion and
Analysis-Fiscal Year 2015 Compensation-Long Term Incentives," will remain
outstanding following Mr. Cohen's last day with the Company and become eligible
to pro-rata vest through his last day of employment on August 14, 2017, in
accordance with the terms and conditions of the award agreements, including the
achievement of any performance conditions for performance restricted stock
units.  Mr. Cohen will have 90 days following the vesting date to exercise any
outstanding options from these awards.
--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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