SEC Filing Summary: Tapestry, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K Current Report, dated November 15, 2022, details the results of Tapestry, Inc.'s Annual Meeting of Stockholders. The filing covers the voting outcomes for four specific proposals submitted to security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results rather than financial performance data.
Material Changes and Voting Results
A total of 219,113,439 votes were cast at the meeting. The material outcomes were as follows:
- Proposal 1 (Election of Directors): All ten director candidates were elected. Votes ranged from approximately 189.4 million (Ivan Menezes) to 196.9 million (Joanne Crevoiserat) in favor. Broker non-votes totaled 21,509,506 for each candidate.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending July 1, 2023. Votes For: 214,798,642; Votes Against: 3,985,896; Votes Abstaining: 328,901.
- Proposal 3 (Executive Compensation): Stockholders approved, on a non-binding advisory basis, the Company's executive compensation. Votes For: 189,850,563; Votes Against: 7,453,327; Votes Abstaining: 300,043. Broker non-votes totaled 21,509,506.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on outlook, specific risks, contingencies, or unusual items. The document is limited to the reporting of the vote tallies.
Key Facts for Investor Verification
- Verify the final composition of the Board of Directors following the election of all ten candidates.
- Confirm the engagement of Deloitte & Touche LLP for the fiscal year ending July 1, 2023.
- Note the significant number of broker non-votes (21.5 million) on the director election and executive compensation proposals, which may indicate institutional voting patterns.
- Review the full Proxy Statement for detailed executive compensation data referenced in Proposal 3.