secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001530721-26-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings appoints Tyler Reddien as CFO and COO effective March 30, 2026
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- Tyler Reddien appointed CFO & COO; replaces interim CFO Rajal Mehta who returns to Michael Kors brand CFO role.
- Reddien receives $700k base salary, target cash incentive at 100% of base (max 200%), new-hire LTI grant of $500k in RSUs vesting over 3 years.
- Additional June 2026 LTI grant valued at ~$1.5M; eligible for annual LTI awards; up to $185k relocation expenses from UK to NY.
- Change-in-control agreement provides 2x salary+target cash, 24 months COBRA, and outplacement up to $25k; no excise tax gross-up.
- Reddien previously CFO of The Body Shop, held senior roles at Natura &Co, Hertz, and United Airlines; reports to CEO John Idol.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072126000018/0001530721-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072126000018/cpri-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001530721-26-000018

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