x
|
ANNUAL REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
¨
|
TRANSITION REPORT PURSUANT TO
SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
Page Number
|
|
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
3
|
FINANCIAL
STATEMENTS
|
|
Statements
of Net Assets Available for Benefits as of June 30, 2009 and
2008
|
4
|
Statement
of Changes in Net Assets Available for Benefits
|
|
For
the Year Ended June 30, 2009
|
5
|
|
|
Notes
to Financial Statements
|
6
|
|
|
SUPPLEMENTAL
SCHEDULE
|
|
Form
5500, Schedule H, Part IV, Line 4i – Schedule of Assets
(Held
|
|
at
End of Year) as of June 30, 2009
|
15
|
EXHIBITS
|
16
|
|
|
SIGNATURE
|
17
|
June 30, 2009
|
June 30, 2008
|
|||||||
Assets:
|
||||||||
Investments,
at fair value:
|
||||||||
Fidelity
Management Trust Company:
|
||||||||
Common
collective trust fund
|
$ | 14,654,760 | $ | 11,974,293 | ||||
Mutual
funds
|
68,110,000 | 82,171,714 | ||||||
Coach,
Inc. common stock
|
21,134,591 | 22,832,304 | ||||||
Participant
loans receivable
|
2,408,885 | 2,145,840 | ||||||
Total
investments, at fair value
|
106,308,236 | 119,124,151 | ||||||
Receivable:
|
||||||||
Employer
contributions
|
6,919,174 | 4,037,899 | ||||||
Net
assets available for benefits, at fair value
|
113,227,410 | 123,162,050 | ||||||
Adjustment
from fair value to contract value for fully benefit-responsive investment
contracts
|
592,467 | 484,769 | ||||||
Net
assets available for benefits
|
$ | 113,819,877 | $ | 123,646,819 |
Year
Ended
|
||||
June 30, 2009
|
||||
Additions:
|
||||
Interest
and dividends
|
$ | 2,517,667 | ||
Contributions:
|
||||
Participants
|
10,410,466 | |||
Employer
|
11,190,235 | |||
Participant
rollovers
|
832,509 | |||
22,433,210 | ||||
Total
additions
|
24,950,877 | |||
Deductions:
|
||||
Net
depreciation in fair value of investments
|
24,617,969 | |||
Participant
withdrawals and benefit payments
|
9,950,986 | |||
Administrative
expenses
|
183,216 | |||
Deemed
distributions
|
25,648 | |||
Total
deductions
|
34,777,819 | |||
Net
decrease in net assets available for benefits
|
(9,826,942 | ) | ||
Net
assets available for benefits:
|
||||
Beginning
of year
|
123,646,819 | |||
End
of year
|
$ | 113,819,877 |
1.
|
Description
of Plan
|
Employer Matching Contributions
|
||||||||||||||||||
Years of
Service for
Vesting
|
Employee
Contributions
|
Non-Highly
Compensated
Employees
|
Highly
Compensated
Employees
|
Employer
Profit Sharing
Contributions
|
||||||||||||||
Immediate
|
100%
|
100%
|
- | - | ||||||||||||||
1 | - | - |
20%
|
- | ||||||||||||||
2 | - | - |
40%
|
- | ||||||||||||||
3 | - | - |
60%
|
100%
|
||||||||||||||
4 | - | - |
80%
|
- | ||||||||||||||
5 | - | - |
100%
|
- |
2.
|
Summary
of Significant Accounting Policies
|
3.
|
Investments
|
Shares
|
Fair Value
|
|||||||||||||||
June 30,
|
June 30,
|
June 30,
|
June 30,
|
|||||||||||||
Fund
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
Coach,
Inc. Common Stock
|
786,219 | 790,524 | $ | 21,134,591 | $ | 22,832,304 | ||||||||||
Fidelity
Balanced Fund
|
583,740 | 614,261 | 8,265,760 | 11,204,125 | ||||||||||||
Fidelity
Diversified International Fund
|
323,195 | 330,931 | 7,530,438 | 11,926,743 | ||||||||||||
Fidelity
Managed Income Portfolio*
|
15,247,227 | 12,459,062 | 14,654,760 | 11,974,293 | ||||||||||||
Neuberger
Berman Genesis Trust
|
327,863 | 310,774 | 10,645,724 | 15,908,540 | ||||||||||||
Spartan
U.S. Equity Index Fund
|
239,923 | 251,486 | 7,845,472 | 11,435,067 |
Fund Types
|
||||
Mutual
funds
|
$ | (23,289,036 | ) | |
Coach,
Inc. Common Stock
|
(1,328,933 | ) | ||
Net
depreciation in fair value of investments
|
$ | (24,617,969 | ) |
4.
|
Exempt
Party-In-Interest Transactions
|
5.
|
Federal
Income Tax Status
|
6.
|
Plan
Termination
|
7.
|
Fair
Value Measurements
|
Fair Value Measurements at June 30, 2009
|
||||||||||||
Level 1
|
Level 2
|
Level 3
|
||||||||||
Common
stock
|
$ | 21,134,591 | $ | - | $ | - | ||||||
Mutual
funds
|
68,110,000 | - | - | |||||||||
Common
collective trust fund
|
- | 14,654,760 | - | |||||||||
Participant
loans
|
- | - | 2,408,885 | |||||||||
Total
|
$ | 89,244,591 | $ | 14,654,760 | $ | 2,408,885 |
Participant Loans
|
||||
Balance
at June 30, 2008
|
$ | 2,145,840 | ||
Purchases,
issuances and settlements
|
263,045 | |||
Balance
at June 30, 2009
|
$ | 2,408,885 |
8.
|
Subsequent
Event Evaluation
|
9.
|
Reconciliation
to Form 5500
|
June 30, 2009
|
June 30, 2008
|
|||||||
Net
assets available for benefits per financial statements
|
$ | 113,819,877 | $ | 123,646,819 | ||||
Less:
Adjustment from contract value to fair value for fully
|
||||||||
benefit-responsive
investment contracts
|
592,467 | 484,769 | ||||||
Net
assets available for benefits per Form 5500
|
$ | 113,227,410 | $ | 123,162,050 |
June 30, 2009
|
||||
Decrease
in net assets, per financial statements
|
$ | (9,826,942 | ) | |
Less:
Change in the adjustment from contract value to
|
||||
fair
value for fully benefit-responsive investment contracts
|
107,698 | |||
Decrease
in net assets, per Form 5500
|
$ | (9,934,640 | ) |
Identity of Issuer, Borrower, Lessor or Similar Party
|
Description of Investment Including Maturity
Date, Rate of Interest, Par or Maturity Value
|
Number
of
Shares
|
Cost
|
Current
Value
|
||||||||||
American
Funds Growth Fund
|
Mutual
fund
|
207,934 |
**
|
$ | 4,738,827 | |||||||||
Fidelity
Balanced Fund*
|
Mutual
fund
|
583,740 |
**
|
8,265,760 | ||||||||||
Fidelity
Diversified International Fund*
|
Mutual
fund
|
323,195 |
**
|
7,530,438 | ||||||||||
Fidelity
Equity-Income Fund*
|
Mutual
fund
|
119,701 |
**
|
3,826,849 | ||||||||||
Fidelity
Freedom 2000 Fund*
|
Mutual
fund
|
21,090 |
**
|
222,710 | ||||||||||
Fidelity
Freedom 2005 Fund*
|
Mutual
fund
|
7,443 |
**
|
66,689 | ||||||||||
Fidelity
Freedom 2010 Fund*
|
Mutual
fund
|
53,602 |
**
|
594,984 | ||||||||||
Fidelity
Freedom 2015 Fund*
|
Mutual
fund
|
122,379 |
**
|
1,125,889 | ||||||||||
Fidelity
Freedom 2020 Fund*
|
Mutual
fund
|
149,243 |
**
|
1,617,792 | ||||||||||
Fidelity
Freedom 2025 Fund*
|
Mutual
fund
|
158,113 |
**
|
1,407,209 | ||||||||||
Fidelity
Freedom 2030 Fund*
|
Mutual
fund
|
224,962 |
**
|
2,359,852 | ||||||||||
Fidelity
Freedom 2035 Fund*
|
Mutual
fund
|
317,788 |
**
|
2,745,684 | ||||||||||
Fidelity
Freedom 2040 Fund*
|
Mutual
fund
|
621,108 |
**
|
3,732,856 | ||||||||||
Fidelity
Freedom 2045 Fund*
|
Mutual
fund
|
247,207 |
**
|
1,750,224 | ||||||||||
Fidelity
Freedom 2050 Fund*
|
Mutual
fund
|
122,182 |
**
|
847,940 | ||||||||||
Fidelity
Freedom Income Fund*
|
Mutual
fund
|
50,517 |
**
|
505,671 | ||||||||||
Fidelity
Managed Income Portfolio*
|
Common
collective trust fund
|
15,247,227 |
**
|
14,654,760 | ||||||||||
Fidelity
U.S. Bond Index Fund*
|
Mutual
fund
|
509,122 |
**
|
5,518,886 | ||||||||||
Munder
Mid-Cap Core Growth Class Y
|
Mutual
fund
|
145,360 |
**
|
2,690,620 | ||||||||||
Neuberger
Berman Genesis Trust
|
Mutual
fund
|
327,863 |
**
|
10,645,724 | ||||||||||
Spartan
U.S. Equity Index Fund
|
Mutual
fund
|
239,923 |
**
|
7,845,472 | ||||||||||
Victory
SPL Value I
|
Mutual
fund
|
2,481 |
**
|
27,023 | ||||||||||
Coach,
Inc. Common Stock*
|
Common
stock
|
786,219 |
**
|
21,134,591 | ||||||||||
Participant
loans*
|
Loans
to participants with interest rates
|
|||||||||||||
ranging
from 3.25% to 8.25% and with
|
||||||||||||||
maturity
dates to August 28, 2018.
|
- | 2,408,885 | ||||||||||||
Other
in-transit investment
|
42,901 | |||||||||||||
Total
|
$ | 106,308,236 |
Exhibit
Number
|
Description
|
23.1
|
Consent
of Independent Registered Public Accounting
Firm
|
/s/ Sarah
Dunn
|
|
Sarah
Dunn
|
|
Plan
Administrator
|
|
December
17, 2009
|