---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-046713"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:15:20.830080+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tapestry terminates Capri merger, plans $2B buyback, redeems $6.1B in notes

## Summary
- Tapestry and Capri mutually terminated merger on Nov 13, 2024; no break fee, but Tapestry pays $45M expense reimbursement.
- Company to redeem $6.1B in senior notes at 101% plus accrued interest; redemption date on or about Nov 25, 2024.
- Board authorized $2B share repurchase program, supplementing $800M remaining; plans accelerated share repurchase in coming weeks.
- Fiscal 2025 outlook reaffirmed (non-GAAP); next earnings update scheduled for Feb 6, 2025.
- Management targets below 2.5x gross debt to adjusted EBITDA and remains committed to investment grade rating.

## SEC filing metadata
- accession: 0001140361-24-046713
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.04, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000114036124046713/0001140361-24-046713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000114036124046713/ef20038690_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-046713
- JSON: https://secwatch.observer/filing/0001140361-24-046713.json
- Plain text: https://secwatch.observer/filing/0001140361-24-046713.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.