secwatch.observer — SEC 8-K summary
======================================

Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001530721-23-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings appoints Cedric Wilmotte CEO of Michael Kors effective April 3, 2023
--------------------------------------------------------------------------------

- Cedric Wilmotte, previously interim CEO of Versace and President of Michael Kors EMEA, appointed CEO of Michael Kors.
- Effective April 3, 2023; reports to Capri CEO John D. Idol.
- Annual base salary $1M; guaranteed cash incentive of 200% of salary for fiscal 2024 ($2M total).
- Long-term incentive award valued at ~$3.5M in RSUs vesting over three years, granted June 15, 2023.
- Wilmotte led Michael Kors EMEA from 2008-2021; prior roles at Marc Jacobs and Donna Karan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000003/0001530721-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072123000003/cpri-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001530721-23-000003

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