01—Abstract
Summary
Summary of the 8-K filed April 1, 2025. Cited figures are marked; the original filing is the authoritative source.
Ralph Lauren Corporation filed this Current Report on Form 8-K dated April 1, 2025, under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers).
The filing discloses that on March 30, 2025, the company entered into Amendment No. 2 to the Amended and Restated Employment Agreement with Halide Alagoz. Under the amended agreement, Ms. Alagoz's annual base salary will be no less than $1 milliona, and the target grant value of her annual stock award will be $2 million, beginning with the fiscal 2026 grant cycle. The filing states that these terms are a summary and are qualified in their entirety by the full agreement, filed as Exhibit 10.1.
The filing is limited to this compensation change for a named officer. It does not report financial results, earnings, or other operating information.
The filing is signed by Justin M. Picicci, Chief Financial Officer.
02—Key points
Key Highlights
- Ralph Lauren entered into Amendment No. 2 to the Amended and Restated Employment Agreement with Halide Alagoz on March 30, 2025.
- Ms. Alagoz's annual base salary will be no less than $1 million under the amended agreement.
- The target grant value of Ms. Alagoz's annual stock award will be $2 million, beginning with the fiscal 2026 grant cycle.
- The full amended agreement is filed as Exhibit 10.1 to the Form 8-K and is incorporated by reference.
- The filing includes an Inline XBRL cover page file (Exhibit 104).
- The filing was signed by Justin M. Picicci, Chief Financial Officer, and dated April 1, 2025.
03—Questions
Frequently Asked Questions
What did Ralph Lauren disclose in this 8-K?
The company disclosed Amendment No. 2 to the Amended and Restated Employment Agreement with Halide Alagoz, entered into on March 30, 2025, which sets compensation terms for her.
What are the new compensation terms for Halide Alagoz?
Her annual base salary will be no less than $1 million, and the target grant value of her annual stock award will be $2 million, beginning with the fiscal 2026 grant cycle.
When do the new stock award terms take effect?
The $2 million target grant value of the annual stock award begins with the fiscal 2026 grant cycle.
Where can investors find the complete terms of the amendment?
The complete text is filed as Exhibit 10.1 to the Form 8-K, Amendment No. 2 to the Amended and Restated Employment Agreement dated March 30, 2025, and is incorporated by reference.
Does this filing report financial results?
No. The filing addresses only a compensatory arrangement for a named officer under Item 5.02 and does not include financial results or other operating information.
04—Continue