---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-21-000152"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2021-08-27T23:59:59+00:00"
generated_at: "2026-06-29T07:18:17.355753+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings appoints Joshua Schulman as Michael Kors CEO; to succeed Idol as Capri CEO in Sep 2022

## Summary
- Joshua Schulman, former Coach CEO at Tapestry and Jimmy Choo CEO, becomes Michael Kors CEO effective Aug 24, 2021.
- Schulman will succeed John D. Idol as Capri Holdings CEO on/about Sep 1, 2022; Idol will become Executive Chairman.
- Schulman's base salary $1.2M as Michael Kors CEO, rising to $1.3M as Capri CEO; guaranteed cash incentives $700K (FY2022) and $500K (FY2023).
- Schulman receives ~$15M long-term incentive award in RSUs vesting over 5 years.
- Idol's base salary reinstated to $1.35M in FY2023, then $1M in FY2024; cash incentive targets reduced after transition.

## SEC filing metadata
- accession: 0001530721-21-000152
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2021-08-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/0001530721-21-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/cpri-20210824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-21-000152
- JSON: https://secwatch.observer/filing/0001530721-21-000152.json
- Plain text: https://secwatch.observer/filing/0001530721-21-000152.txt

## Key facts
- Executive change
  Joshua Schulman was appointed as Chief Executive Officer of Michael Kors at Capri Holdings Ltd.
  - Action: appointed
  - Role: Chief Executive Officer of Michael Kors
  source text: Joshua Schulman is being appointed to the newly-created role of Chief Executive Officer of Michael Kors effective that same date (the “ Commencement Date ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/0001530721-21-000152-index.htm
- Executive change
  Joshua Schulman changed role as Chief Executive Officer of the Company at Capri Holdings Ltd.
  - Action: promoted
  - Role: Chief Executive Officer of the Company
  source text: immediately following the earlier of (i) September 1, 2022 and (ii) the date that the Current CEO of Capri (as defined in the Schulman Employment Agreement) ceases to hold that position for any reason, Mr. Schulman will be promoted to the position of Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/0001530721-21-000152-index.htm

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