Capri Holdings Ltd. Reports Director Changes and Compensatory Arrangements
Ticker: CPRI · Form: 8-K · Filed: 2024-12-02T00:00:00.000Z
Sentiment: neutral
Topics: management-change, governance, compensation
Related Tickers: CPRI
TL;DR
Capri Holdings is shuffling its board and exec pay. Big changes ahead?
AI Summary
Capri Holdings Ltd. announced on November 26, 2024, the departure of directors and officers, the election of new directors, and changes to compensatory arrangements. The company also reported other events and filed financial statements and exhibits. This filing follows Capri's previous name as Michael Kors Holdings Ltd., with a name change date of September 20, 2011.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensatory arrangements, can indicate internal shifts that may carry some level of uncertainty.
Key Players & Entities
- Capri Holdings Ltd (company) — Registrant
- Michael Kors Holdings Ltd (company) — Former company name
- November 26, 2024 (date) — Date of earliest event reported
- September 20, 2011 (date) — Date of name change
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates departures of directors or certain officers, but does not specify the exact roles in the provided text.
Who are the newly elected directors of Capri Holdings Ltd?
The filing mentions the election of directors but does not list their names in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing notes changes to compensatory arrangements but does not provide specific details in the excerpt.
What other events are reported in this 8-K filing?
The filing states that 'Other Events' are reported, but the specific nature of these events is not detailed in the provided text.
When did Capri Holdings Ltd. change its name from Michael Kors Holdings Ltd?
Capri Holdings Ltd. changed its name from Michael Kors Holdings Ltd. on September 20, 2011.
Filing Stats: 741 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-12-02 16:51:31
Key Financial Figures
- $1,000,000 — ement, continuation of his base salary ($1,000,000) and medical, dental and insurance bene
- $500,000 — nd (ii) a cash payment in the amount of $500,000 payable in two lump sum installments, w
- $250,000 — two lump sum installments, with 50% (or $250,000) to be paid as soon as administratively
Filing Documents
- cpri-20241126.htm (8-K) — 36KB
- mkreorgfinalpressrelease11.htm (EX-99.1) — 10KB
- imagea.jpg (GRAPHIC) — 788KB
- cpri-20241126_g1.jpg (GRAPHIC) — 21KB
- 0001530721-24-000127.txt ( ) — 1311KB
- cpri-20241126.xsd (EX-101.SCH) — 2KB
- cpri-20241126_lab.xml (EX-101.LAB) — 21KB
- cpri-20241126_pre.xml (EX-101.PRE) — 12KB
- cpri-20241126_htm.xml (XML) — 3KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS. On November 26, 2024, the Company issued a press release concerning the departure of Mr. Wilmotte. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d)Exhibits Exhibit Number Description 99.1 Press Release of Capri Holdings Limited, dated November 26, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CAPRI HOLDINGS LIMITED Date: December 2, 2024 By: /s/ Krista A. McDonough Name: Krista A. McDonough Title: Senior Vice President, General Counsel & Chief Sustainability Officer