Tapestry (TPR) Proxy Filing summary

Executive summary

• Achieved record revenue of over $7.0 billion in FY2025, with 5% global sales growth and 10% growth at Coach, surpassing key financial targets set three years prior.

• Acquired 6.8 million new customers in North America, with a strong Gen Z presence, and increased operating margin to 20% through gross margin expansion.

• Completed the sale of the Stuart Weitzman business, demonstrating disciplined capital allocation.

• Launched the Amplify Plan, focusing on new customer acquisition, fashion innovation, global growth, and people development, with a goal to return $4 billion to shareholders over three years.

Voting matters and shareholder proposals

• Stockholders will vote to elect 10 directors, ratify Deloitte & Touche LLP as independent auditor for FY2026, and approve executive compensation on an advisory basis.

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation approval.

• Proxy access and majority vote standards are in place, with annual elections for all directors.

Board of directors and corporate governance

• Board consists of 10 nominees, 90% independent, with an average tenure of 4.7 years and balanced gender and ethnic diversity.

• Board committees (Audit, HR, Governance/Nominations) are composed solely of independent directors.

• Annual board, committee, and director evaluations are conducted, with ongoing director education and robust succession planning.

• Board structure separates Chair and CEO roles, with strong independent oversight and active engagement in strategy and risk management.