Business Context and Reporting Period
This Form 8-K was filed by Tapestry, Inc. (formerly Coach, Inc.) on October 27, 2017. The report details a corporate name change and a strategic decision regarding its international stock listing. The name change and related charter amendments became effective on October 31, 2017.
Key Financial Metrics
This filing is a current report regarding corporate governance and listing status. It does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the company's most recent 10-K or 10-Q for financial statements.
Material Changes
- Corporate Name Change: The Company officially changed its name from "Coach, Inc." to "Tapestry, Inc." to reflect its portfolio of brands.
- Stock Symbol Update: The common stock ticker symbol on the New York Stock Exchange changed from "COH" to "TPR" effective October 31, 2017.
- Charter and Bylaws: Articles of Amendment to the Charter and Amended and Restated Bylaws were filed with the State of Maryland to reflect the name change.
Outlook, Risks, and Other Events
- Withdrawal from Hong Kong Listing: The Company intends to withdraw its listing from the Main Board of the Stock Exchange of Hong Kong Limited (SEHK). This decision was made due to trading volume considerations and to focus resources on its primary listing on the NYSE.
- Depositary Receipts: The withdrawal will be executed by applying for the withdrawal of the listing of its depositary receipts in accordance with SEHK rules.
Key Facts for Investor Verification
- Verify the new ticker symbol TPR on the NYSE for trading purposes starting October 31, 2017.
- Confirm the status of the depositary receipts on the SEHK following the withdrawal application.
- Review the attached Exhibits 3.1 and 3.2 for the full text of the amended Charter and Bylaws.
- Note that this filing contains no financial results; verify financial health through separate periodic reports.