secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001140361-24-010271
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry expands board to 11 with Sysco CEO Hourican and BMY CFO Elkins
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- Board increased from nine to eleven members; Hourican and Elkins elected effective Feb 29, 2024.
- Hourican (Sysco President/CEO) will serve on Human Resources Committee; Elkins (Bristol Myers Squibb EVP/CFO) on Audit Committee.
- Each receives $100K annual cash retainer plus $170K annual equity (50% options, 50% RSUs) vesting in one year.
- Initial $170K equity grant also awarded on Feb 29, 2024, vesting one year from grant date.
- Ten of eleven directors are independent following the appointments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124010271/0001140361-24-010271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124010271/ef20022727_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-010271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer