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COH > SEC Filings for COH > Form 8-K on 2-Jul-2014All Recent SEC Filings

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Form 8-K for COACH INC


2-Jul-2014

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 30, 2014, Coach, Inc. ("Coach" or the "Company") entered into an amendment (the "Amendment") to its employment agreement with Executive Chairman Lew Frankfort (the "Employment Agreement"). Pursuant to the Amendment, beginning July 1, 2014 Mr. Frankfort's service as the Company's Executive Chairman shall be on a part-time basis, with a base salary of $500,000 per annum; Mr. Frankfort will not be eligible for bonus or equity compensation. The amendment extends the term of the Employment Agreement through Coach's 2014 Annual Meeting of Stockholders, currently planned to be held on November 6, 2014.

Mr. Frankfort shall continue reporting to the Company's Board in his role, with such responsibilities, duties and authority as are customary for such role. The amendment also provides that the changes described above, and any related organizational changes, are voluntary and shall not on any way constitute or imply a termination without Cause or a Good Reason (as such terms are defined in the Employment Agreement) for Mr. Frankfort's resignation.

The foregoing does not constitute a complete summary of the terms of the Amendment, and reference is made to the complete text of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Amendment to Employment Agreement, dated June 30, 2014, between Coach and Lew Frankfort


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