---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-047569"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:32:44.072005+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tapestry launches $2.0B ASR, expects initial 28.4M share delivery on Nov 26

## Summary
- Entered ASR agreements with Bank of America and Morgan Stanley to repurchase $2.0B of common stock.
- Initial delivery of 28,363,766 shares (approx 80% of expected total) scheduled for Nov 26, 2024.
- Partially funded by $750M 6-month term loan at SOFR + 1.125%; also using revolver and cash.
- Final settlement due no later than Q1 fiscal 2026; $800M remains under existing authorization.
- Company expects to return over 100% of fiscal 2025 free cash flow via dividends and buybacks.

## SEC filing metadata
- accession: 0001140361-24-047569
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000114036124047569/0001140361-24-047569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000114036124047569/ef20039097_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-047569
- JSON: https://secwatch.observer/filing/0001140361-24-047569.json
- Plain text: https://secwatch.observer/filing/0001140361-24-047569.txt

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