01—Abstract
Summary
Summary of the 8-K filed November 15, 2024. Cited figures are marked; the original filing is the authoritative source.
Tapestry, Inc. (TPR) filed this Form 8-K to report the results of its Annual Meeting of Stockholders, held on November 14, 2024.
Stockholders considered four proposals, and a total of 208,168,543 votes were cast. All eleven director nominees were elected, and each received more votes for than against. Stockholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending June 28, 2025, and approved, on a non-binding advisory basis, the executive compensation described in the 2024 Proxy Statement.
The director votes show a range of support. Darrell Cavens, Joanne Crevoiserat, David Elkins, Kevin Hourican, Alan Lau, Pamela Lifford, and Annabelle Yu Long each received well over 180 million votes for, with against votes ranging from 135,862 to 1,475,136. John P.
Bilbrey had the most against votes among the nominees at 12,403,719, and Anne Gates had 5,095,608 against votes, the second highest. Each director nominee also had 20,709,179 broker non-votes. The auditor ratification received 199,890,581 votes for, 7,948,199 against, and 329,763 abstentions.
The say-on-pay advisory vote received 173,757,544 votes for, 13,412,334 against, 289,486 abstentions, and 20,709,179 broker non-votes. For investors, these results indicate that shareholders supported the board slate, the auditor, and the executive compensation program, with a larger minority of opposition on the compensation vote and on a few individual director nominees.
02—Key points
Key Highlights
- Annual Meeting held November 14, 2024, with 208,168,543 total votes cast across the proposals.
- All eleven director nominees were elected, including John P. Bilbrey, Darrell Cavens, Joanne Crevoiserat, David Elkins, Johanna (Hanneke) Faber, Anne Gates, Thomas Greco, Kevin Hourican, Alan Lau, Pamela Lifford, and Annabelle Yu Long.
- John P. Bilbrey received 12,403,719 votes against, the highest against count among the director nominees, and Anne Gates received 5,095,608 votes against.
- Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 28, 2025, with 199,890,581 votes for and 7,948,199 against.
- Executive compensation was approved on a non-binding advisory basis, with 173,757,544 votes for and 13,412,334 against.
- Each director nominee and the say-on-pay proposal had 20,709,179 broker non-votes.
03—Questions
Frequently Asked Questions
When and where was Tapestry's 2024 Annual Meeting held, and how many votes were cast?
The Annual Meeting was held on November 14, 2024. A total of 208,168,543 votes were cast on the proposals.
Which directors were elected at the meeting?
Eleven candidates were listed for election: John P. Bilbrey, Darrell Cavens, Joanne Crevoiserat, David Elkins, Johanna (Hanneke) Faber, Anne Gates, Thomas Greco, Kevin Hourican, Alan Lau, Pamela Lifford, and Annabelle Yu Long. Each candidate received more votes for than against.
Did stockholders approve the company's independent auditor?
Yes. Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending June 28, 2025, with 199,890,581 votes for, 7,948,199 against, and 329,763 abstaining.
How did stockholders vote on executive compensation?
Stockholders approved the executive compensation, on a non-binding advisory basis, as described in the 2024 Proxy Statement. The vote was 173,757,544 for, 13,412,334 against, 289,486 abstaining, and 20,709,179 broker non-votes.
04—Continue