Tapestry Inc SEC Filings

Tapestry, Inc. (TPR) reported results from its Annual Meeting held on November 13, 2025. Stockholders voted on three proposals, with a total of 183,087,456 votes cast.

For the election of directors, each nominee received more votes “For” than “Against.” Examples include Joanne Crevoiserat with 162,439,589 For and 202,450 Against, and David Elkins with 162,499,170 For and 139,642 Against. There were 20,247,280 broker non-votes on this item.

Stockholders considered the ratification of Deloitte & Touche LLP as independent auditor, which received 173,156,703 For, 9,704,124 Against, and 226,629 Abstaining. The advisory vote on executive compensation received 146,147,336 For, 16,387,143 Against, and 305,697 Abstaining, with 20,247,280 broker non-votes.

Tapestry, Inc. (TPR) reported stronger first‑quarter fiscal 2026 results. Net sales rose to $1,704.6 million from $1,507.5 million, lifting gross profit to $1,300.5 million and operating income to $328.2 million. Net income increased to $274.8 million, with diluted EPS of $1.28 versus $0.79 a year ago, reflecting higher sales and lower net interest expense.

Cash from operations was $112.6 million. The company executed $698.2 million of financing cash outflows, including common stock repurchases of $698.2 million during the quarter. It repurchased $500.0 million under its programs and ended with $2.74 billion of remaining authorization under the 2026 Share Repurchase Program. Cash and cash equivalents were $719.5 million and long‑term debt was $2,378.6 million; commercial paper outstanding was $240.0 million.

Tapestry completed the sale of the Stuart Weitzman business on August 4, 2025 for $105.0 million, recording a final total pre‑tax loss of $22.6 million, including $14.7 million of related charges in the quarter. Shares outstanding were 205.7 million at quarter‑end; on October 24, 2025, common shares outstanding were 204,649,752.

Tapestry, Inc. (TPR) furnished an 8‑K announcing it issued a press release with financial results for its first fiscal quarter ended September 27, 2025, and posted an “Investor Presentation” dated November 6, 2025 on its investor site.

The press release is furnished as Exhibit 99.1 and, along with the related materials, is not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference except as expressly stated.

FMR LLC7,393,722.22 shares of Tapestry, Inc. (TPR) common stock, representing 3.5% of the class as of September 30, 2025. FMR reports sole voting power over 6,455,859.51 shares and sole dispositive power over 7,393,722.22 shares, with no shared voting or dispositive power.

Abigail P. Johnson is also a reporting person, with sole dispositive power over 7,393,722.22 shares and no voting power. The filing certifies the holdings are in the ordinary course and not for the purpose of changing or influencing control.

Tapestry, Inc. presents its definitive proxy describing a multi-year Amplify growth agenda focused on customer acquisition, product innovation, international expansion and people development. Management expects to deliver mid-single-digit revenue growth and annual operating margin expansion over a three-year planning horizon and forecast double-digit EPS growth in fiscal years 2027 and 2028. The company plans to return $4 billion to shareholders via dividends and repurchases during that period, signaling strong balance-sheet flexibility. Fiscal 2025 compensation outcomes: the enterprise AIP paid 189.4% of target, Coach results paid 200% of target, and FY23-25 PRSUs vested at 118.3% of target. Governance updates include director equity changes to $200,000 in RSUs, confirmed committee independence and audit/AIP oversight details. The CEO-to-median employee pay ratio was 1 to 651 with median employee pay of $26,657.

Tapestry, Inc. filed an 8-K reporting that John P. (JP) Bilbrey, a member of the company's Board of Directors, notified the company on September 16, 2025 that he will not stand for re-election at the annual meeting of stockholders scheduled for November 13, 2025. The filing states his decision was not due to any disagreement with the company and that he will continue to serve as a director until the annual meeting.

Insider exercise and offsetting share sales by a Tapestry director. Alan Ka Ming Lau exercised stock options on 09/11/2025, acquiring a total of 16,313 common shares through two option exercises: 10,302 shares at a $27.33 exercise price and 6,011 shares at a $41.29 exercise price. On the same date he sold a matching 16,313 shares in several dispositions at prices ranging from $106.12 to $106.23. The filer states the shares were sold to pay the cost of, and fees associated with, the option exercises. Post-transaction beneficial ownership counts reported on the form vary by line item, with reported shareholdings after transactions shown between 8,153 and 24,466 shares depending on the specific entry. The filing was signed under power of attorney by the assistant corporate secretary.

Tapestry, Inc. (TPR) Form 144 notice reports a proposed sale of 16,313 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $1,732,282.48. The seller acquired the shares via options granted in 2023 (one grant on 11/02/2023 for 10,302 shares and another on 04/12/2023 for 6,011 shares) and intends to sell for cash with an approximate sale date of 09/11/2025. No other sales in the past three months were reported and the filer represents they have no undisclosed material information.

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.