Short answer
Capri Holdings Ltd (CPRI) filed an 8-K current report with the SEC on February 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). Tyler Reddien appointed CFO & COO effective March 30, 2026; base salary $700,000, annual bonus target 100% / max 200% of base.
Capri Holdings Ltd 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Tyler Reddien appointed CFO & COO effective March 30, 2026; base salary $700,000, annual bonus target 100% / max 200% of base
- New hire equity grant ~$500,000 in RSUs vesting over 3 years; additional June 2026 grant ~$1,500,000 in equity
- Change-in-control severance = 2x base + target bonus + 24-month COBRA + $25,000 outplacement; double-trigger structure, no excise tax gross-up
- Standard termination without Cause: 1-year base salary continuation + pro-rated target bonus; 2-year non-solicitation post-employment
- Rajal Mehta exits interim CFO role March 30, 2026; returns to CFO of Michael Kors brand: no permanent leadership gap
Item 7.01 · Regulation FD Disclosure
- Standard liability disclaimer for Reg FD item; actual disclosed information resides in the referenced exhibit, not reproduced here
- Investors should review the accompanying exhibit (likely Ex. 99.1) for the material disclosure Capri Holdings intended to communicate
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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