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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 14, 2006
Coach, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-16153 52-2242751
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(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
516 West 34th Street, New York, NY 10001
(Address of principal executive offices) (Zip Code)
(212) 594-1850
(Registrant's telephone number, including area code)
Item 5.02: Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On June 14, 2006, the Board of Directors of Coach, Inc. (the "Company")
appointed Jide Zeitlin, founder of Independent Mobile Infrastructure (Pvt.)
Limited, and Susan Kropf, President and Chief Operating Officer of Avon
Products, to Coach's Board of Directors. The appointments of Mr. Zeitlin and Ms.
Kropf, which are effective as of June 14, 2006, bring the membership of Coach's
Board of Directors to nine.
Item 8.01: Other Events.
The Company maintains a set of Corporate Governance Principles, which are
posted on the Company's website. The Company inadvertently omitted from the
Proxy Statement for its 2005 Annual Meeting of Stockholders the web address at
which these principles may be viewed, which should have been disclosed in
accordance with Section 303A.09 of the New York Stock Exchange Listed Company
Manual. Accordingly, the Company hereby discloses that its Corporate Governance
Principles may be viewed at:
http://www.coach.com/corporate/governance/
COACH_CorporateGovernancePrinciples.pdf.
The information in this item, being furnished pursuant to Item 8.01 of Form 8-K,
shall not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities of that section, and is not incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such filing.
Item 9.01: Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being furnished herewith:
99.1 Press Release, dated June 15, 2006
SIGNATURE
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 hereunto duly authorized.
Dated: June 19, 2006
COACH, INC.
By: /s/ Carole P. Sadler
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Carole P. Sadler
Senior Vice President, General Counsel
and Secretary
EXHIBIT INDEX
99.1 Press Release, dated June 15, 2006
Exhibit 99.1
Susan J. Kropf and Jide Zeitlin Join Coach Board
of Directors; Brings Board Membership to Nine
NEW YORK--(BUSINESS WIRE)--June 15, 2006--Coach, Inc. (NYSE: COH),
a leading marketer of modern classic American accessories, today
announced that Susan J. Kropf and Jide Zeitlin have been appointed to
Coach's Board of Directors. The appointments of Ms. Kropf and Mr.
Zeitlin to the Board brings the membership to nine.
Lew Frankfort, Chairman and Chief Executive Officer of Coach,
Inc., said, "We are extremely enthusiastic that Susan Kropf and Jide
Zeitlin have agreed to join our Board. As Coach continues to gain
international brand awareness and increases its share in the large and
growing global market for fine accessories, we are confident that
their respective experience, strategic insight and leadership skills
will prove particularly valuable to us."
Ms. Kropf has been President and Chief Operating Officer of Avon
Products (NYSE: AVP) since January 2001, where she has had day-to-day
oversight of Avon's worldwide operations. Before that, she was
executive vice president and chief operating officer, Avon North
America and Global Business Operations, with responsibility for the
company's North American operating business unit as well as global
marketing, R&D, supply chain operations and information technology. In
March 2006, she announced her retirement effective later this year
following a 35-year career during which she advanced to become the
company's number two executive and one of the most prominent
executives in the beauty and direct-selling industries. Ms. Kropf
served on Avon's Board of Directors until May of 2006 and currently
serves on the Boards of MeadWestvaco Corp., Sherwin Williams Co., and
the Wallace Foundation.
Upon her appointment, Ms. Kropf noted, "Coach is an extraordinary
brand which I've long admired and I'm enthusiastic about joining the
Board to help build on the tremendous momentum they have created."
Mr. Zeitlin founded Independent Mobile Infrastructure (Pvt.)
Limited in 2005 and is currently a private investor focused on Asian,
particularly Indian, telecommunication operating assets. Formerly, Mr.
Zeitlin was a senior investment banker at Goldman Sachs (NYSE: GS). He
first joined the firm in 1983, was elected partner in 1996 and held
the post of Global Chief Operating Officer of the company's investment
banking businesses until his departure at the end of 2005. He is
Chairman of the Board of Trustees of Amherst College and a member of
several not-for-profit boards including: Common Ground Community,
Milton Academy, Montefiore Medical Center, Playwrights Horizons and
Teach for America, as well as the Harvard Business School Visiting
Committee.
Upon his appointment, Mr. Zeitlin stated, "I am delighted to be
joining the Coach Board. I have known the Company and its management
for over a decade and look forward to contributing to the sustained
health and future growth of this singular franchise."
Coach, with headquarters in New York, is a leading American
marketer of fine accessories and gifts for women and men, including
handbags, women's and men's small leathergoods, business cases,
weekend and travel accessories, footwear, watches, outerwear, sunwear,
and related accessories. Coach is sold worldwide through Coach stores,
select department stores and specialty stores, through the Coach
catalog in the U.S. by calling 1-800-223-8647 and through Coach's
website at www.coach.com. Coach's shares are traded on The New York
Stock Exchange under the symbol COH.
CONTACT: Coach
Andrea Shaw Resnick, 212-629-2618