secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001140361-23-058000
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri accelerates RSU vesting, prepays $2M to chief people officer ahead of Tapestry merger
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- Jenna Hendricks (SVP, CPO) gets 20,333 RSUs accelerated to Dec 22, 2023; originally vesting June 2024.
- Company prepays $500K special bonus and $1.5M severance; subject to clawback if merger fails or covered termination.
- Repayment required if merger terminated or Hendricks leaves for cause/good reason before closing; amounts reduce if severance due under employment agreement.
- After closing, prepaid severance lapses; Hendricks eligible for remaining CIC benefits upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000114036123058000/0001140361-23-058000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000114036123058000/ef20016776_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-058000

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