TPR Board Approves Replacement Stock Buyback Authorization

Rhea-AI Filing Summary

Tapestry, Inc. announced on September 10, 2025 that its board approved a new authorization to repurchase shares of its common stock. The disclosure states repurchases may occur in the open market, in privately negotiated transactions, or through other methods such as accelerated share repurchase programs, and that repurchased shares will become authorized but unissued and may be reissued for general corporate purposes. The new program replaces the prior repurchase authorization disclosed on November 12, 2021. The company also notes it may terminate or limit the program at any time. The filing furnishes a press release and an Inline XBRL cover page file.

Positive

• Board approved a new share repurchase authorization on September 10, 2025
• Repurchases may use multiple mechanisms including open-market trades and accelerated share repurchase programs
• Repurchased shares will be returned to authorized but unissued status, preserving flexibility to reissue for corporate purposes

Negative

• No dollar amount or share quantity disclosed, so the authorization's scale and potential impact are unspecified
• No stated timeline or expiration for the program, limiting clarity about near-term execution
• Company may terminate or limit the program at any time, which reduces certainty about actual repurchases

Insights

Corporate Finance Analyst

Board approved a replacement share repurchase authorization without specifying size.

The board authorized a new share repurchase program permitting purchases in the open market, privately negotiated trades, or accelerated share repurchase structures. The filing explicitly says repurchased shares will be returned to authorized but unissued status and may be reissued for general corporate purposes.

The announcement omits a dollar cap, share quantity, timing, or program expiration, which are common investor-monitorable details; the company also repeats it can suspend or terminate the program at any time. Watch for a subsequent disclosure that provides the program's size, timing, or actual repurchase activity in upcoming reports or press releases within the next few weeks to months.

Equity Markets Strategist

Repurchase authorization is typically supportive of shareholder returns but lacks material specifics here.

Share buyback authorizations generally signal capital-allocation flexibility and can reduce share count if executed. This filing confirms a replacement authorization versus the prior program dated November 12, 2021 but does not disclose execution plans or financial limits.

Because no size or timeline is provided, the near-term market impact is muted until the company files details on authorization size or reports actual repurchase volumes; monitor quarterly filings and press releases for any stated $ or share cap or for commencement of repurchases.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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):          September 10, 2025

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 7.01 Regulation FD Disclosure.

On September 10, 2025, Tapestry, Inc. (the “Company”) issued a press release in connection with its Investor Day, as previously announced on July 2, 2025. A link to the live webcast of Investor Day, along with the Investor Day presentation, will be available on the day of the event on the Company’s website, www.tapestry.com/investors. Further information about the Investor Day is provided in the press release, a copy of which is included as Exhibit 99.1 attached hereto and is incorporated herein by reference.

The information in this Current Report on Form 8-K, including the information set forth in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, as amended, or subject to the liability of that section or Sections 11 and 12(a) (2) of the Securities Act of 1933, as amended. In addition, this information shall not be deemed incorporated by reference in any filing of the Company with the Securities and Exchange Commission, except as expressly set forth by specific reference in any such filing.

Item 8.01 Other Events.

On September 10, 2025, the Company announced that its Board of Directors had authorized the repurchase of up to $3.00 billion of its outstanding common stock. Pursuant to this program, purchases of the Company's common stock will be made subject to market conditions and at prevailing market prices, through open market purchases, in privately negotiated transactions or in other transactions, including accelerated share repurchase programs. Repurchased shares of common stock will become authorized but unissued shares. These shares may be issued in the future for general corporate and other purposes. In addition, the Company may terminate or limit the stock repurchase program at any time.

This new authorization will replace the existing repurchase program, which was reported under Item 8.01 on the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 12, 2021.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.  The following exhibits are being furnished herewith:

99.1 Text of Press Release, dated September 10, 2025

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:  September 10, 2025
	TAPESTRY, INC.
	By:	/s/ David E. Howard
		David E. Howard
		Chief Legal Officer and Secretary

EXHIBIT INDEX

99.1		Text of Press Release, dated September 10, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

FAQ

What did Tapestry (TPR) announce on September 10, 2025?

Tapestry announced a new board authorization to repurchase common stock, replacing the prior program reported on November 12, 2021.

Does the filing state how much Tapestry will spend on buybacks?

No. The filing does not disclose any dollar amount or number of shares authorized under the new repurchase program.

How may Tapestry execute the repurchases under the new authorization?

The company may repurchase shares in the open market, in privately negotiated transactions, or through methods such as accelerated share repurchase programs.

Will repurchased shares be retired?

The filing states repurchased shares will become authorized but unissued, meaning they are available to be reissued for general corporate and other purposes.

Can Tapestry stop the repurchase program once authorized?

Yes. The filing explicitly says the company may terminate or limit the stock repurchase program at any time.