Tapestry, Inc. Files 8-K

TL;DR

Tapestry (TPR) filed an 8-K on 4/15 for an event on 4/10. Reg FD disclosure.

AI Summary

Tapestry, Inc. filed an 8-K on April 15, 2024, reporting an event that occurred on April 10, 2024. The filing is related to Regulation FD Disclosure. No specific financial figures or new business developments were detailed in the provided text.

Why It Matters

This filing indicates Tapestry, Inc. is making a disclosure under Regulation FD, which ensures all investors receive material information at the same time.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for a Regulation FD disclosure, which typically does not involve significant new risks.

Key Players & Entities

• Tapestry, Inc. (company) — Registrant
• 0001116132 (company) — Central Index Key
• 52-2242751 (company) — IRS Employer Identification No.
• 001-16153 (company) — Commission File Number
• 10 Hudson Yards (company) — Principal Executive Offices Address
• New York (company) — City of Principal Executive Offices
• NY (company) — State of Principal Executive Offices
• 10001 (company) — Zip Code of Principal Executive Offices
• 2129468400 (company) — Registrant's telephone number
• COACH INC (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value TPR New York Stock Exchan

Filing Documents

• ef20026938_form8k.htm (8-K) — 29KB
• 0001140361-24-019757.txt ( ) — 161KB
• tpr-20240410.xsd (EX-101.SCH) — 4KB
• tpr-20240410_lab.xml (EX-101.LAB) — 21KB
• tpr-20240410_pre.xml (EX-101.PRE) — 16KB
• ef20026938_form8k_htm.xml (XML) — 4KB

01

Item 7.01 Regulation FD Disclosure. As previously disclosed, on August 10, 2023, Tapestry, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among the Company, Sunrise Merger Sub, Inc., a British Virgin Islands business company limited by shares and a wholly owned subsidiary of the Company, and Capri Holdings Limited, a British Virgin Islands business company limited by shares ("Capri"), pursuant to which, and upon the terms and subject to the conditions therein, the Company has agreed to acquire Capri (the "Transaction"). The completion of the Transaction is conditioned, among other things, upon receipt of regulatory clearance from: (1) the European Commission (the "EC") under the EU Merger Regulation (the "EUMR"), and (2) the Fair Trade Commission of Japan ("JFTC") under the Antimonopoly Act. The JFTC approved the Transaction unconditionally on April 10, 2024 and the EC approved the Transaction unconditionally pursuant to Article 6(1)b of EUMR on April 15, 2024. At this time, the only outstanding antitrust regulatory approval or clearance for the Transaction is in the United States. The parties have obtained antitrust regulatory approval or clearance for the Transaction in all other jurisdictions for which regulatory approval or clearance is a closing condition. The completion of the Transaction remains subject to the satisfaction or waiver of the other closing conditions specified in the Merger Agreement. The information contained in Item 7.01 of this report shall not be incorporated by reference into any filing of the registrant, whether made before, on or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information contained in Item 7.01 of this report shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabili

Forward-Looking Statements

Forward-Looking Statements This communication relates to a proposed business combination transaction between Tapestry and Capri. This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company's business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as "will," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Tapestry or Capri stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties' control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the effect of the announcement of the merger on the ability of Tapestry or Capri to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Tapestry or Capri do business, or on Tapestry's or Capri's operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings rela