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): December 23, 2008
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
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(Address of principal executive offices) (Zip Code)
(212) 594-1850
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(Registrant's telephone number, including area code)
Item 1.01: Entry into a Material Definitive Agreement.
On December 23, 2008, Coach, Inc. (the "Company") entered into amendments
(collectively, the "Amendments") to the employment agreements between the
Company and each of Lew Frankfort (Chairman and Chief Executive Officer),
Michael Tucci (President, North American Retail ) and Michael F. Devine, III
(Executive Vice President and Chief Financial Officer). The Amendments
principally reflect changes necessary to comply with Section 409A of the
Internal Revenue Code of 1986, as amended ("Section 409A"), including providing
that any severance benefits payable to any of these executives that are deemed
to constitute deferred compensation subject to the requirements of Section 409A
will be delayed for a six month period following such executive's termination
date if he is deemed to be a "specified employee" (within the meaning of Section
409A) at the time of his termination of employment.
Except as otherwise described above, all of the current terms of such
executives' existing employment agreements will remain in effect.
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: December 24, 2008
COACH, INC.
By: /s/ Todd Kahn
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Todd Kahn
Senior Vice President, General Counsel
and Secretary