Business Context and Reporting Period
This Form 8-K is a current report filed by Tapestry, Inc. on June 7, 2023. The filing addresses Item 8.01 (Other Events) and announces the passing of Sir Ivan Menezes, a long-serving member of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a corporate governance announcement and does not contain financial performance data.
Material Changes
The material change reported is the death of Sir Ivan Menezes, who served on the Board for nearly 20 years (joining in February 2005). No financial or operational changes are reported in this document.
Management Commentary and Risks
Joanne Crevoiserat, Chief Executive Officer, and Anne Gates, Board Chair, issued a statement expressing sadness over the loss. They highlighted Mr. Menezes' contributions to the Company's transformation, his international experience, and his passion for sustainability and diversity. The filing notes he previously held executive roles at Diageo plc, Whirlpool Europe, and Booz Allen Hamilton, Inc. No specific risks, contingencies, or unusual financial items are disclosed in this text.
Key Facts for Investors
- Sir Ivan Menezes passed away on or shortly before June 7, 2023, after a brief illness.
- Mr. Menezes served on the Board for approximately 18 years at the time of his passing.
- The Company has not announced a replacement director in this filing.
- No financial results or guidance are included in this specific report.