secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001530721-21-000152
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/0001530721-21-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072121000152/cpri-20210824.htm
  HTML page:      https://secwatch.observer/filing/0001530721-21-000152

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