Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC (TPR)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 12/14 10:01:53 pm
42.82 USD   +1.30%
12/07 TAPESTRY : Doreen Toben and Anne Gates Join Tapestry Board of Direct..
12/07 TAPESTRY INC : ex-dividend day
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TAPESTRY, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 12:47pm CET

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

(d) On December 5, 2017, the Board of Directors (the "Board") of Tapestry, Inc. ("Tapestry" or the "Company") increased the size of the Board to 10 members and elected each of Doreen Toben and Anne Gates as a director of the Company, effective as of December 5, 2017.

In connection with each of Ms. Toben's and Ms. Gates' appointment to the Board and in accordance with the Company's standard compensation arrangements for non-employee directors, each of Ms. Toben and Ms. Gates will be entitled to an annual cash retainer of $90,000 as well as an annual equity grant with a grant date fair market value of $150,000 made on the date of Tapestry's annual meeting of stockholders, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units. These equity awards will vest in full one year from the date of grant, subject to the director's continued service until that time. In addition, each of Ms. Toben and Ms. Gates will be granted an initial Tapestry equity award with a grant date fair market value of $150,000 on December 5, 2017, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units. These initial grants will vest on the one year anniversary of the grant date.

There are no arrangements or understandings between Ms. Toben or Ms. Gates and any other person pursuant to which she was selected as a director, and there have been no transactions since the beginning of the Company's last fiscal year, or are currently proposed, regarding Ms. Gates that are required to be disclosed by Item 404(a) of Regulation S-K.

Ms. Toben served as a director of Kate Spade from 2009 until Kate Spade was acquired by the Company on July 11, 2017 (the "Acquisition"). Pursuant to the terms of the Acquisition, deferred compensation units held by Kate Spade directors (including Ms. Toben) under the Kate Spade deferred compensation plan for directors were converted to cash at the merger price of $18.50 per share, and, along with any deferred cash compensation held in the plan, will be paid by the Company through fiscal year 2027. There are no performance or service conditions associated with these payments and they will not be impacted by Ms. Toben's position as a director on the Tapestry Board. The Company expects to pay Ms. Toben a total of approximately $1.6 million under this plan from fiscal year 2018 through fiscal year 2027. There have been no other transactions since the beginning of the Company's last fiscal year, or that are currently proposed, regarding Ms. Toben that are required to be disclosed by Item 404(a) of Regulation S-K.

A copy of the press release announcing the appointments is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

--------------------------------------------------------------------------------

99.1 Press Release, dated December 7, 2017

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TAPESTRY INC
12/07 TAPESTRY, INC. : Change in Directors or Principal Officers, Financial Statements..
12/07 TAPESTRY : Doreen Toben and Anne Gates Join Tapestry Board of Directors
12/07 TAPESTRY INC : ex-dividend day
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
11/13 TAPESTRY, INC. : Change in Directors or Principal Officers, Submission of Matter..
11/09 COACH : TAPESTRY, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITI..
11/09 COACH : Deborah Lloyd Steps Down as Creative Director of Kate Spade New York
11/08 TAPESTRY : Appoints Nicola Glass Creative Director of Kate Spade
11/08 COACH : Just One Quarter in, Tapestry Is Off to a Slow Start So Far
11/07 COACH : Tapestry reports 1Q loss
More news
News from SeekingAlpha
12/09 VERA BRADLEY : The Short Goes Back On After A Silly Post-Earnings Rally
12/05 Goldman Sachs pushes Tapestry to Conviction Buy List status
12/05 U.S. HOLIDAY RETAIL : Marketing Vintage Luxury
12/01 Tapestry to end Hong Kong listing
11/23 TAPESTRY : Trying To Weave Its Way To Greater Profitability
Financials ($)
Sales 2018 5 820 M
EBIT 2018 992 M
Net income 2018 591 M
Finance 2018 816 M
Yield 2018 3,19%
P/E ratio 2018 21,30
P/E ratio 2019 15,41
EV / Sales 2018 1,93x
EV / Sales 2019 1,72x
Capitalization 12 021 M
Chart TAPESTRY INC
Duration : Period :
Tapestry Inc Technical Analysis Chart | TPR | US8760301072 | 4-Traders
Technical analysis trends TAPESTRY INC
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 48,5 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Kevin G. Wills Chief Financial Officer
Ivan M. Menezes Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TAPESTRY INC20.67%12 021
INDITEX SA-3.95%114 315
FAST RETAILING CO LTD6.00%41 717
ROSS STORES16.92%29 334
L BRANDS INC-13.00%16 369
ZALANDO26.33%13 354