Business Context and Reporting Period
This Form 8-K Current Report was filed by Tapestry, Inc. on April 6, 2026. The filing reports a corporate governance event involving the Board of Directors rather than a financial reporting period.
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 director compensation arrangements.
Material Changes
- Board Expansion: The Board of Directors increased its size from ten to eleven members.
- New Director: Matthew Madrigal was elected as a director, effective April 6, 2026.
Management Commentary and Compensation Details
In connection with Mr. Madrigal's appointment, the following compensatory arrangements were established in accordance with standard non-employee director policies:
- Annual Cash Retainer: $100,000.
- Annual Equity Grant: A grant with a fair market value of $200,000, issued on the date of the annual meeting of stockholders. 100% of the award is in restricted stock units (RSUs) vesting in full one year from the grant date.
- Initial Equity Grant: A grant with a fair market value of $200,000 issued on April 6, 2026. 100% of the award is in RSUs vesting on the one-year anniversary of the grant date.
The Company confirmed there are no undisclosed arrangements regarding Mr. Madrigal's selection and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the total number of Board members is now eleven.
- Confirm the vesting schedule for the initial $200,000 RSU grant (one year from April 6, 2026).
- Review the attached Press Release (Exhibit 99.1) for additional biographical details on Matthew Madrigal.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.