-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G1+PwV7qEzrACo5xx1AylILs4wQoW08d1bM+nECeWeN6HwBkeCjNjnugkHISYUeN gqbRl0BtMotoDrI1+qCQTg== 0001157523-08-006592.txt : 20080808 0001157523-08-006592.hdr.sgml : 20080808 20080807182732 ACCESSION NUMBER: 0001157523-08-006592 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080805 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080808 DATE AS OF CHANGE: 20080807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COACH INC CENTRAL INDEX KEY: 0001116132 STANDARD INDUSTRIAL CLASSIFICATION: LEATHER & LEATHER PRODUCTS [3100] IRS NUMBER: 522242751 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16153 FILM NUMBER: 08999915 BUSINESS ADDRESS: STREET 1: 516 WEST 34TH ST CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2125941850 MAIL ADDRESS: STREET 1: 516 WEST 34TH ST CITY: NEW YORK STATE: NY ZIP: 10001 8-K 1 a5751637.txt COACH, INC. 8-K 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): August 5, 2008 Coach, Inc. --------------------------------- (Exact name of registrant as specified in its charter) Maryland 1-16153 52-2242751 -------------- --------- ------------ (State of (Commission File Number) (IRS Employer Incorporation) Identification No.) 516 West 34th Street, New York, NY 10001 ------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 594-1850 -------------------- (Registrant's telephone number, including area code) Item 1.01: Entry into a Material Definitive Agreement. 1. On August 5, 2008, Coach, Inc. ("Coach" or the "Company") entered into a three-year extension to the employment agreement of Michael Tucci, President, North America Retail Division. This amendment extends the term of Mr. Tucci's employment agreement from July 2010 through June 2013. Mr. Tucci's extended agreement provides for an initial base salary (beginning September 1, 2008) of $850,000 per year, with an initial maximum bonus pursuant to Coach's Performance-Based Annual Incentive Plan equal to 125% of his annual base salary. Pursuant to his extended agreement, on August 5, 2008, Mr. Tucci received a grant of options to purchase 238,459 shares of Coach common stock at an exercise price of $26.21 per share; subject generally to Mr. Tucci's continued employment with us, 20% of these options will vest on July 2, 2011, 20% will vest on June 30, 2012, and 60% will vest on June 29, 2013. The options will expire on August 5, 2018. Mr. Tucci also received a grant of 143,075 service-based restricted stock units, each of which will convert into one share of Coach common stock on their vesting date if Mr. Tucci remains employed by us; 20% of these units will vest on July 2, 2011, 20% will vest on June 30, 2012, and 60% will vest on June 29, 2013. Except as otherwise described above, all of the remaining terms of Mr. Tucci's existing employment agreement (including certain restrictive covenants) will remain in effect. 2. On August 5, 2008, the Human Resources Committee of Coach's Board of Directors determined the performance goals for Company's fiscal year 2009 for purposes of determining bonuses to be paid under the Company's Performance-Based Annual Incentive Plan. Bonuses under the plan for the Company's named executive officers and other executive officers shall be based upon the Company achieving pre-determined performance targets in the following areas: operating income, diluted earnings per share, operating cash flow and net sales. Item 9.01: Financial Statements and Exhibits. (c) Exhibits. The following exhibit is being furnished herewith: [None] 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: August 7, 2008 COACH, INC. By: /s/ Todd Kahn ------------------------------------- Todd Kahn Senior Vice President, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----