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Pinterest CTO Matt Madrigal joins Tapestry (NYSE: TPR) board as 11th director

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Tapestry, Inc. disclosed that its Board of Directors increased in size from ten to eleven members and elected Matt Madrigal, Chief Technology Officer of Pinterest, Inc., as a director effective April 6, 2026. The Board now includes eleven members, ten of whom are independent.

As a non-employee director, Mr. Madrigal will receive an annual cash retainer of $100,000 and an annual equity grant with a grant date fair market value of $200,000 in restricted stock units that vest after one year, subject to continued service. He will also receive an initial restricted stock unit grant with a fair market value of $200,000 on April 6, 2026, vesting on the one-year anniversary of the grant date.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Board size 11 directors Board increased from ten to eleven members as of April 6, 2026
Annual cash retainer $100,000 Standard annual cash compensation for Tapestry non-employee directors
Annual equity grant $200,000 in RSUs Grant date fair market value, vests one year from grant date
Initial equity award $200,000 in RSUs Initial grant to Matt Madrigal on April 6, 2026, vests after one year
Pinterest users more than 600 million Monthly active users on Pinterest’s visual search and discovery platform
Independent directors 10 independent members Of eleven total Tapestry Board members after Madrigal’s appointment
restricted stock units financial
"100% of the value of the award made in the form of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
independent directors financial
"The appointment of Mr. Madrigal brings the Board’s membership to eleven, including ten independent directors."
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
forward-looking statements regulatory
"This information made available in this press release may contain forward-looking statements based on management's current expectations."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Amplify growth strategy financial
"our ability to successfully implement the initiatives under our 2028 Amplify growth strategy"
Regulation S-K regulatory
"required to be disclosed by Item 404(a) of Regulation S-K."
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Understanding 8-K Material Events →
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):          April 6, 2026

 
Tapestry, Inc.
 
 (Exact name of registrant as specified in its charter)

 
   Maryland  

1-16153
  

 52-2242751
  
 (State of Incorporation)  (Commission File Number)
 (IRS Employer Identification No.)

 
 10 Hudson Yards, New York, NY 10001
 
(Address of principal executive offices) (Zip Code)
 
 
(212) 946-8400
 
(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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
TPR
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 
☐

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(d) On April 6, 2026, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) increased the size of the Board from ten to eleven members and elected Matthew Madrigal as a director of the Company, effective as of April 6, 2026.
 
In connection with Mr. Madrigal’s appointment to the Board and in accordance with the Company’s standard compensation arrangements for non-employee directors, Mr. Madrigal will be entitled to an annual cash retainer of $100,000 as well as an annual equity grant with a grant date fair market value of $200,000 made on the date of Tapestry’s annual meeting of stockholders, with 100% of the value of the award made in the form of restricted stock units.  These equity awards vest in full one year from the date of grant, subject to the director’s continued service until that time. In addition, Mr. Madrigal will be granted an initial Tapestry equity award with a grant date fair market value of $200,000 on April 6, 2026, with 100% of the value of the award made in the form of restricted stock units. This initial grant will vest on the one year anniversary of the grant date.
 
There are no arrangements or understandings between Mr. Madrigal and any other person pursuant to which he was selected as a director, and there have been no transactions since the beginning of the Company’s last fiscal year, or are currently proposed, regarding Mr. Madrigal that are required to be disclosed by Item 404(a) of Regulation S-K.
 
A copy of the press release announcing the appointment 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.
 
99.1
Press Release, dated April 6, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)

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:  April 6, 2026
  
   
 
TAPESTRY, INC.
   
 
By:
/s/ David E. Howard
  
   
David E. Howard
   
Chief Legal Officer and Secretary


Exhibit 99.1
CONTACTS:
Tapestry, Inc.
Analysts and Investors:
Christina Colone
Global Head of Investor Relations
212/946-7252
ccolone@tapestry.com
Media:
Jennifer Leemann
Global Head of Communications
212/631-2797
jleemann@tapestry.com


TAPESTRY, INC. APPOINTS MATT MADRIGAL
TO BOARD OF DIRECTORS

New York, April 6, 2026 – Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced that Matt Madrigal, Chief Technology Officer of Pinterest, Inc. (NYSE: PINS), has been appointed to the Company’s Board of Directors effective immediately.  The appointment of Mr. Madrigal brings the Board’s membership to eleven, including ten independent directors.

“We are pleased to welcome Matt to Tapestry’s Board. His expertise across technology and customer experience at scale will be instrumental in driving our Amplify growth agenda,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. “I look forward to partnering with him as we continue to build emotional connections with the next generation of consumers around the world and deliver durable, compounding growth.”

Anne Gates, Chair of the Board of Tapestry, Inc., added, “Matt’s deep technical expertise and proven track record of scaling global consumer platforms will bring valuable perspective to the Board as we advance Tapestry’s growth strategy and drive long-term shareholder value. We are delighted to welcome him to the Board.”


10 HUDSON YARDS, NEW YORK, NY 10001 TELEPHONE 212 594 1850  FAX 212 594 1682  WWW.TAPESTRY.COM
Matt Madrigal is the Chief Technology Officer of Pinterest, Inc., a visual search and discovery platform with more than 600 million monthly active users worldwide. In this role, he oversees engineering, product, design, and platform for the Company. Mr. Madrigal brings deep expertise at the intersection of technology, e-commerce, and consumer behavior, with particular insight into how younger consumers, including Gen Z, discover inspiration, engage with brands, and shop in digital environments.

Upon his appointment, Matt Madrigal said, “I’m honored to join Tapestry’s Board at a time when AI is transforming how brands connect with consumers. Tapestry’s ability to build brands, inspire creativity and self-expression, and operate with discipline at scale sets it apart. I look forward to contributing my experience as the Company continues to drive innovation to deepen consumer engagement and deliver sustainable growth and long-term shareholder returns.”

Matt Madrigal Biography
Matt Madrigal is Chief Technology Officer of Pinterest, leading the product and engineering teams that shape user experiences and machine learning systems behind one of the world’s leading visual search and discovery platforms.  Prior to Pinterest, Mr. Madrigal was Vice President and General Manager of Merchant Shopping at Google, where he led the product and engineering teams that power Google Shopping. He previously served as Chief Technology and Product Officer at Fanatics.  Prior to Fanatics, Mr. Madrigal was the SVP of eCommerce & Marketing for Williams-Sonoma, Inc. He also spent eight years leading product and engineering for eBay’s growth marketing and onsite advertising technology platforms. He holds a B.S. from the University of California, Berkeley and began his career at Accenture and KANA Software.

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About Tapestry, Inc.
Our global house of iconic accessories and lifestyle brands unites the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.

This information made available in this press release may contain forward-looking statements based on management's current expectations. Forward-looking statements include, but are not limited to, the statements regarding long-term performance and statements that can be identified by the use of forward-looking terminology such as "may," “can,” “if,” "continue," “project,” “assumption,” "should," "expect," “confidence,” “goals,” “trends,” “anticipate,” "intend," "estimate," “on track,” “future,” “well positioned to,” “plan,” “potential,” “vision,” “position,” “deliver,” “believe,” “seek,” “see,” “will,” “would," “uncertain,” “achieve,” “strategic,” “growth,” “target,” "guidance," "forecast," “outlook,” “commit,” “innovation,” “drive,” “leverage,” “generate,” “enhance,” “effort,” “progress,” “confident,” “amplify,” “we can stretch what’s possible,” similar expressions, and variations or negatives of these words. They include, without limitation, statements regarding future anticipated capital expenditures. Future results may differ materially from management's current expectations, based upon a number of important factors, including risks and uncertainties such as the impact of international trade disputes and the risks associated with potential changes to international trade agreements, including the imposition or threat of imposition of new or increased tariffs or retaliatory tariffs implemented by countries where our manufacturers are located as well as the imposition of additional duties on the products we import, economic conditions, recession and inflationary measures, risks associated with operating in international markets, including currency fluctuations and changes in economic or political conditions in the markets where we sell or source our products, the ability to anticipate consumer preferences and retain the value of our brands and respond to changing fashion and retail trends in a timely manner, including our ability to execute on our e-commerce and digital strategies, the impact of tax and other legislation, the ability to successfully implement the initiatives under our 2028 Amplify growth strategy, the effect of existing and new competition in the marketplace, our ability to successfully identify and implement any sales, acquisitions or strategic transactions on attractive terms or at all, our ability to achieve intended benefits, cost savings and synergies from acquisitions, our ability to control costs, the effect of seasonal and quarterly fluctuations on our sales or operating results; the risk of cybersecurity threats and privacy or data security breaches, our ability to satisfy our outstanding debt obligations or incur additional indebtedness, the risks associated with climate change and other corporate responsibility issues, our ability to protect against infringement of our trademarks and other proprietary rights, and the impact of pending and potential future legal proceedings, etc. Please refer to the Company’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. The Company assumes no obligation to revise or update any such forward-looking statements for any reason, except as required by law.

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