UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
______
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 3, 2016
Coach, Inc. |
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(Exact name of registrant as specified in its charter) | ||
Maryland |
1-16153 |
52-2242751 |
(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) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On June 3, 2016, Jane Hamilton Nielsen, the Chief Financial Officer of Coach, Inc. (the “Company”), notified the Company that she will be resigning from the Company to pursue another opportunity, effective on the earlier of: (x) the day following the date the Company files its Annual Report on Form 10-K for the fiscal year ended July 2, 2016 with the U.S. Securities and Exchange Commission or (y) September 1, 2016.
On June 8, 2016, the Company issued a press release concerning the resignation of Ms. Nielsen. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being filed herewith:
99.1 Text of Press Release, dated June 8, 2016
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 8, 2016
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COACH, INC. |
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By: |
/s/ Todd Kahn |
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Todd Kahn |
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President, Chief Administrative Officer |
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& Secretary |
EXHIBIT INDEX
99.1 Text of Press Release, dated June 8, 2016
Exhibit 99.1
Coach CFO Nielsen to Leave; Search Commencing for Successor
NEW YORK--(BUSINESS WIRE)--June 8, 2016--Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of modern luxury accessories and lifestyle brands, today announced that the company’s Chief Financial Officer, Jane Hamilton Nielsen, has advised she will be departing the company to pursue another opportunity. In order to facilitate a smooth transition, Ms. Nielsen is expected to stay into August 2016. The company is commencing a search for her permanent successor with Crist Kolder Associates and it is the company’s intention that Andrea Shaw Resnick, Global Head of Investor Relations and Corporate Communications would be appointed interim CFO until a permanent appointment is made.
“During her tenure, Jane has played an important role as our leadership team’s finance partner and we wish her the best of luck as she embarks on her next chapter,” said Victor Luis, Chief Executive Officer of Coach, Inc. “In addition, we are delighted to announce our intention to have Andrea, a seasoned Coach veteran with more than 30 years of finance experience, assume the position of interim CFO. Andrea has been a great partner to me personally, and she has a unique and unparalleled understanding of the company, initially joining Coach in 2000, during our IPO.”
Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.
This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on track,” “on course,” “forward to,” “future,” “to lead,” “to stay,” “to leave,” “to provide,” “to delivering,” “remains,” “to build,” “to drive,” “believe,” “to reinvigorate,” “to achieve,” “to enable,” “return to,” “to execute,” “are positioned to,” “continue,” “project,” “guidance,” “target,” “forecast,” “anticipated,” or comparable terms. Future results may differ materially from management's current expectations, based upon a number of important factors, including risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs and successfully execute our transformation and operational efficiency initiatives and growth strategies and our ability to achieve intended benefits, cost savings and synergies from acquisitions, etc. Please refer to Coach Inc.’s latest Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors.
CONTACT:
Coach
Analysts & Media:
Andrea Shaw Resnick
Global
Head of Investor Relations and Corporate Communications
212/629-2618
or
Christina
Colone
Director, Investor Relations
212/946-7252