---
schema_version: "secwatch.filing_event.v1"
accession: "0001530721-22-000022"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2022-03-07T23:59:59+00:00"
generated_at: "2026-06-27T01:08:39.143432+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Michael Kors CEO Joshua Schulman departs; John Idol remains Capri Chairman & CEO

## Summary
- Schulman departure effective March 7; severance includes $2.6M salary and $5.2M bonus over 2 years.
- Idol signs new employment agreement; base salary reinstated to $1.35M from FY2023 (was $1.215M due to COVID-19).
- Idol's annual cash incentive targets: 300% base for FY22, 200% for FY23+; max 400% of base.
- Schulman's non-compete reduced to 6 months expiring Sept 2, 2022; mutual non-disparagement included.
- Idol retains benefits: $50K/yr life insurance, automobile/driver, corporate aircraft use.

## SEC filing metadata
- accession: 0001530721-22-000022
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2022-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000153072122000022/0001530721-22-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000153072122000022/cpri-20220307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001530721-22-000022
- JSON: https://secwatch.observer/filing/0001530721-22-000022.json
- Plain text: https://secwatch.observer/filing/0001530721-22-000022.txt

## Key facts
- Executive change
  Joshua Schulman departed as Chief Executive Officer of Michael Kors at Capri Holdings Ltd.
  - Action: departed
  - Role: Chief Executive Officer of Michael Kors
  source text: On March 7 , 2022, Capri Holdings Limited (the “Company”) announced that Joshua Schulman, Chief Executive Officer of Michael Kors, will depart from the Company, effective as of that same date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530721/000153072122000022/0001530721-22-000022-index.htm

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