Tapestry, Inc.

(d) On November 5, 2020, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the ‘Company”) increased the size of the Board to eight members and elected Joanne Crevoiserat, the Company’s Chief Executive Officer, as a director of the Board, effective November 5, 2020. There are no arrangements or understandings between Ms. Crevoiserat and any other person pursuant to which she was selected as a director, and there have been no transactions since the beginning of the Company’s last fiscal year, or are currently proposed, regarding Ms. Crevoiserat that are required to be disclosed by Item 404(a) of Regulation S-K. (e) At the 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) of Tapestry, Inc.

Appointment of Chief Executive Officer On October 27, 2020, the Company announced that the Board of Directors (the “Board”) of the Company appointed Joanne Crevoiserat, age 56, as Chief Executive Officer of the Company, effective as of October 27, 2020 (the “Effective Date”). Ms. Crevoiserat will serve as the Company’s principal executive officer. Ms. Crevoiserat has served as the Company’s Interim Chief Executive Officer since July 21, 2020. Prior to this role, she served as the Company’s Chief Financial Officer since August 2019. Prior to joining the Company, Ms. Crevoiserat was Executive Vice President and Chief Operating Officer at Abercrombie & Fitch Co. from February 2017 to June 2019.

Departure of Chief Executive Officer On July 21, 2020, the Company announced that Jide Zeitlin, the Company’s Chairman and Chief Executive Officer, resigned from the Company and resigned from the Company’s Board of Directors (the “ Board ”), effective as of July 20, 2020. Mr. Zeitlin’s departure was not due to any disagreement with the Company on any matter relating to the Company’s operations, financial statements or accounting. Thereafter, the size of the Board was reduced to seven directors to eliminate the vacancy created by Mr. Zeitlin’s departure, in accordance with the Company’s Bylaws. Susan Kropf, the Company’s Lead Independent Director has been appointed Chair of the Board.

(b) On June 2, 2020, Brian Satenstein, Vice President, Controller and Principal Accounting Officer of Tapestry, Inc. (the “Company”), notified the Company that he is resigning from the Company to pursue another opportunity. Mr. Satenstein is expected to be employed by the Company through June 26, 2020. (c) On June 8, 2020, the Board of Directors (the “Board”) of the Company appointed Manesh B. Dadlani, 37, the Company’s current Vice President & Assistant Corporate Controller, as the Company’s new Vice President, Controller and the Principal Accounting Officer of the Company, effective upon Mr. Satenstein’s departure from this role. Mr. Dadlani has served in his current position since January 2019. Prior to that, Mr.

(d) On April 14, 2020 the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) appointed John P. Bilbrey to the Board. Mr. Bilbrey’s appointment to the Board was reported under

Tapestry, Inc. (the “Company”) announced on April 20, 2020 that, due to the economic impacts of the COVID-19 global pandemic, the base salaries of the Company’s Chairman & Chief Executive Officer, Chief Financial Officer and other Named Executive Officers, as named in the Company’s fiscal year 2019 proxy statement, will be temporarily reduced, effective June 28, 2020 (the first day of the Company’s fiscal year 2021). Such reductions are expected to last up to the end of that fiscal year.

(d) On April 14, 2020, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) increased the size of the Board to eight members and elected John P. Bilbrey as a director of the Company, effective as of April 14, 2020. In connection with Mr. Bilbrey’s appointment to the Board and in accordance with the Company’s standard compensation arrangements for non-employee directors, Mr. Bilbrey will be entitled to an annual cash retainer of $90,000 as well as an annual equity grant with a grant date fair market value of $150,000 made on the date of Tapestry’s annual meeting of stockholders, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units. These equity awards vest in full one year from the date of grant, subject to the director’s continued service until that time. In addition, Mr.

On March 6, 2020, Joshua Schulman, the Chief Executive Officer and Brand President, Coach of Tapestry, Inc. (the “Company”), notified the Company that he is resigning from the Company. Mr. Schulman is expected to be employed by the Company for up to six-months after the date of his resignation, pursuant to the notice period required under his employment offer letter (the “Offer Letter”), which is filed as an exhibit to the Company’s Annual Report on Form 10-K for fiscal year 2019. Under the terms of his Offer Letter, Mr. Schulman is also subject to certain post-employment covenants for a period of twelve months following his last day of employment (the “Restricted Period”), including a prohibition on joining a competitor of the Company during the Restricted Period. On March 9, 2020 , the Company issued a press release concerning the departure of Mr. Schulman.

Andrea Guerra, a member of the Board of Directors (the “Board”) of Tapestry, Inc. (the “Company”), advised the Company on February 12, 2020 of his resignation from the Board, effective February 12, 2020. The Board subsequently voted to reduce its size to seven members.

On December 12, 2019, Tapestry, Inc. (the “Company”) announced that Anna Bakst, the Company’s Chief Executive Officer and Brand President, Kate Spade, will be leaving the Company, effective as of December 31, 2019. Ms. Bakst is eligible to receive twelve (12) months of base salary under the terms of her employment offer letter and the Company’s severance plan and severance event treatment of her outstanding equity awards, subject to her signing a separation and release agreement, as described in the Company’s proxy statement for the Company’s fiscal year ended June 29, 2019. On December 12, 2019, the Company issued a press release concerning the departure of Ms. Bakst. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

At the 2019 Annual Meeting of Stockholders (the “2019 Annual Meeting”) of Tapestry, Inc. (the “Company”) held on November 7, 2019, the Company’s stockholders, upon the recommendation of the Board of Directors (the “Board”), approved the Amended and Restated Tapestry, Inc. 2018 Stock Incentive Plan (the “Amended and Restated 2018 Stock Incentive Plan”), which was previously adopted by the Board, subject to approval by the Company’s stockholders. The Amended and Restated 2018 Stock Incentive Plan (i) authorizes 8,250,000 additional shares of Tapestry’s common stock for issuance, (ii) defines the change in control treatment of awards subject to performance-based vesting conditions and (iii) extends the post-change in control double trigger vesting period for future awards.

Departure of Chief Executive Officer On September 4, 2019, Tapestry, Inc. (the “Company”) announced that Victor Luis, Chief Executive Officer, departed from the Company and resigned from the Company’s Board of Directors, effective as of September 3, 2019. Thereafter, the size of the Board of Directors was reduced to eight directors. In connection with Mr. Luis’s separation of employment with the Company, the Company and Mr. Luis entered into a separation and mutual release agreement (the “Luis Agreement”). Pursuant to the Luis Agreement, Mr. Luis will receive severance payments and benefits in accordance with and subject to the terms and conditions of Mr.

On June 19, 2019, Tapestry, Inc. (“Tapestry” or the “Company”) announced that its Board of Directors (the “Board”) appointed Joanne Crevoiserat, age 55, Chief Financial Officer of the Company, effective no later than August 1, 2019 (the “Effective Date”), reporting directly to Victor Luis, Chief Executive Officer of the Company. Ms. Crevoiserat joins from Abercrombie & Fitch Co., where she served as Executive Vice President and Chief Operating Officer from February 2017 to June 2019. She joined Abercrombie & Fitch in May 2014 as Chief Financial Officer. Prior to joining Abercrombie & Fitch, she served in a number of senior management roles at Kohl's Inc. including Executive Vice President of Finance and Executive Vice President of Merchandise Planning and Allocation. Prior to her time with Kohl's, Ms.

On May 29, 2019, Tapestry, Inc. (“Tapestry” or the “Company”) announced that its Board of Directors (the “Board”) appointed Thomas Glaser, age 58, Chief Operations Officer of the Company, effective July 15, 2019 (the “Effective Date”), reporting directly to Victor Luis, Chief Executive Officer of the Company. Mr. Glaser joins Tapestry from VF Corporation, where he most recently held the position of Vice President, VF Corporation & President, Supply Chain, responsible for the oversight of all of the company’s global manufacturing, sourcing and operations. Mr. Glaser joined VF in 2001 as Managing Director, VF Asia Ltd Sourcing in Hong Kong, where he played a key role in further diversifying and expanding VF's global sourcing network in support of the company's growing portfolio of brands. In 2006, Mr. Glaser was named President, Supply Chain, Europe/Asia.

(b) As previously announced in a Current Report on Form 8-K filed on November 6, 2018 with the U.S. Securities and Exchange Commission (the “SEC”), Kevin Wills, the Chief Financial Officer of Tapestry, Inc. (the “Company”), notified the Company that he would be resigning, effective February 8, 2019 (the “Separation Date”). (c) T he Board of Directors (the “Board”) of the Company appointed Andrea Shaw Resnick, 58, the Company's Global Head of Investor Relations and Corporate Communications, as interim Chief Financial Officer of the Company, effective upon Mr. Wills’ departure on February 8, 2019. Since joining the Company in August 2000, Ms. Resnick has served in investor relations roles of increasing responsibility and seniority, most recently as the Company's Global Head of Investor Relations and Corporate Communications. Ms. Resnick will continue in this role. Ms.

As previously announced in a Current Report on Form 8-K filed on November 6, 2018 with the U.S. Securities and Exchange Commission (the “SEC”), Kevin Wills, the Chief Financial Officer of Tapestry, Inc. (the “Company”), notified the Company that he would be resigning. Mr. Wills’ last day with the Company will be February 8, 2019 (the “Separation Date”). On December 6, 2018, the Human Resources Committee of the Company’s Board of Directors (the "Committee") determined that, provided Mr. Wills executes a separation and release agreement with the Company (the “Separation Agreement”), the second tranche of the restricted stock units granted to Mr. Wills on March 6, 2017 (the “March 2017 RSUs”) will remain eligible to pro rata vest through the Separation Date on March 6, 2019, in accordance with the terms and conditions of the award agreement.

At the 2018 Annual Meeting of Stockholders (the “2018 Annual Meeting”) of Tapestry, Inc. (the “Company”) held on November 8, 2018, the Company’s stockholders, upon the recommendation of the Board of Directors (the “Board”), approved the Tapestry, Inc. 2018 Stock Incentive Plan (the “2018 Stock Incentive Plan”), which was previously adopted by the Board, subject to approval by the Company’s stockholders. The 2018 Stock Incentive Plan will replace Company’s prior plan, the Amended and Restated Coach, Inc. 2010 Stock Incentive Plan (Amended and Restated as of September 29, 2018) (the “2010 Incentive Plan”). The 2018 Stock Incentive Plan will not affect awards outstanding under the 2010 Stock Incentive Plan, which will remain outstanding in accordance with their terms; however, no further grants will be made under the 2010 Stock Incentive Plan.

(b) William R. Nuti, a member of the Board of Directors (the “Board”) of Tapestry, Inc. (the “Company”), advised the Company on November 7, 2018 that he would not stand for re-election to the Board at the Company’s annual meeting of stockholders scheduled to be held on November 8, 2018 (the “Annual Meeting”) due to health reasons. Mr. Nuti will continue to serve as a member of the Board until the Annual Meeting. Thereafter the Board expects to appoint Mr. Nuti to the position of Director Emeritus, where he will serve in an unpaid, advisory capacity to the Board.

(b) On November 5, 2018, Kevin Wills, the Chief Financial Officer of Tapestry, Inc. (the “Company”), notified the Company that he is resigning from the Company to pursue another opportunity. Mr. Wills is expected to stay at the Company through February 8, 2019. On November 6, 2018, the Company issued a press release concerning the resignation of Mr. Wills. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

(b) Doreen Toben, a member of the Board of Directors (the “Board”) of Tapestry, Inc. (the “Company”), advised the Company on September 28, 2018 that she would not stand for re-election to the Board at the Company’s annual meeting of stockholders scheduled to be held on November 8, 2018 (the “Annual Meeting”). Ms. Toben will continue to serve as a member of the Board until the Annual Meeting.

(d) On July 10, 2018 the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) appointed Darrell Cavens to the Board. Mr. Cavens’ appointment to the Board was reported under

(c) On August 9, 2018 the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) appointed Brian Satenstein, 39, the Company’s current Vice President & Assistant Controller, as the Company’s new Vice President, Controller and the principal accounting officer of the Company, effective August 17, 2018. Mr. Satenstein has served in his current position since March 2018. Prior to that, Mr. Satenstein served in various roles within the Company since July 2014, including more recently, Controller at Stuart Weitzman from 2016 through March 2018. From 2007 through 2014, he held accounting and finance positions of increasing responsibility at Ralph Lauren Corporation. Mr. Satenstein began his career at KPMG LLP in 2001 through 2007, and is a Certified Public Accountant. Mr.

(b) Melinda Brown, the Controller and principal accounting officer of Tapestry, Inc. (the "Company") notified the Company that she will be retiring from her current position, effective August 17, 2018 (or, if later, the day after the Company files its Form 10-K for the year ended June 30, 2018). Ms. Brown will continue as a full time employee of the Company through September 28, 2018 and as a part-time employee of the Company through March 1, 2019, during which time she will be engaged on various projects. The Company intends to appoint Brian Satenstein, the Company's current Vice President & Assistant Controller, as the Company's new Vice President, Controller and the principal accounting officer of the Company effective upon Ms. Brown's retirement from her current position.

On July 10, 2018, Ian Bickley, President, Global Business Development and Strategic Alliances of Tapestry, Inc. (the "Company") notified the Company that he is resigning, effective December 31, 2018 (the "Separation Date"). In connection with his resignation, and subject to the timely execution of a release of claims, Mr. Bickley is expected to receive the severance compensation and benefits set forth in his employment offer letter dated January 26, 2015, as amended. In addition, his long-term term incentive awards then outstanding will receive the Company's customary retirement treatment in accordance with the terms of his award agreements due to Mr. Bickley's age and years of service on the Separation Date.

(d) On July 10, 2018, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) increased the size of the Board to 11 members and elected Darrell Cavens as a director of the Company, effective as of July 10, 2018. In connection with Mr. Cavens’ appointment to the Board and in accordance with the Company’s standard compensation arrangements for non-employee directors, Mr. Cavens will be entitled to an annual cash retainer of $90,000 as well as an annual equity grant with a grant date fair market value of $150,000 made on the date of Tapestry’s annual meeting of stockholders, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units. These equity awards vest in full one year from the date of grant, subject to the director’s continued service until that time. In addition, Mr.

(d) On December 5, 2017, the Board of Directors (the “Board”) of Tapestry, Inc. (“Tapestry” or the “Company”) increased the size of the Board to 10 members and elected each of Doreen Toben and Anne Gates as a director of the Company, effective as of December 5, 2017. In connection with each of Ms. Toben’s and Ms. Gates’ appointment to the Board and in accordance with the Company’s standard compensation arrangements for non-employee directors, each of Ms. Toben and Ms. Gates will be entitled to an annual cash retainer of $90,000 as well as an annual equity grant with a grant date fair market value of $150,000 made on the date of Tapestry’s annual meeting of stockholders, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units.

At the 2017 Annual Meeting of Stockholders (the “2017 Annual Meeting”) of Tapestry, Inc. (the “Company”) held on November 9, 2017, the Company’s stockholders, upon the recommendation of the Board of Directors (the “Board”), approved the Amended and Restated Coach, Inc. 2010 Stock Incentive Plan (Amended and Restated as of September 20, 2017) (the “Amended Stock Incentive Plan”), which was previously adopted by the Board, subject to approval by the Company’s stockholders.

(b) Stephanie Tilenius, a member of the Board of Directors (the “Board”) of Coach, Inc. (the “Company”), advised the Company on September 27, 2017 that she would not stand for re-election to the Board at the Company’s annual meeting of stockholders scheduled to be held on November 9, 2017 (the “Annual Meeting”). Ms. Tilenius will continue to serve as a member of the Board until the Annual Meeting.

As previously announced in a Current Report on Form 8-K filed on April 6, 2017 with the U.S. Securities and Exchange Commission (the "SEC"), Andre Cohen, the President, North America and Global Marketing of Coach, Inc. (the "Company"), notified the Company on April 3, 2017 that he would be resigning. Mr. Cohen's last day with the Company will be July 1, 2017, the last day of the Company's fiscal year ("fiscal year 2017"). On June 20, 2017, the Human Resources Committee of the Coach Board of Directors (the "Committee") determined that Mr. Cohen will receive his earned bonus for fiscal year 2017, based on the actual achievement of the performance criteria established by the Committee, on the date that the Company pays bonuses for fiscal year 2017 to other employees of the Company, subject to Mr.

On April 6, 2017, Coach, Inc. (“Coach” or the “Company”) announced that its Board of Directors (the “Board”) appointed Joshua Schulman, age 45, President & Chief Executive Officer of the Coach brand of the Company, effective June 5, 2017 (the “Effective Date”), reporting directly to Victor Luis, Chief Executive Officer of the Company. Mr. Schulman joins Coach from Neiman Marcus Group, where he has served as President, Bergdorf Goodman and NMG International since October 2014, having first become President of Bergdorf Goodman in May 2012. From 2007 until February 2012, Mr. Schulman was Chief Executive Officer of Jimmy Choo, Ltd. Prior to Jimmy Choo, Mr.

On January 4, 2017, Coach, Inc. (“Coach” or the “Company”) announced that its Board of Directors (the “Board”) appointed Kevin Wills, age 51, Chief Financial Officer of the Company, effective no later than March 2017 (the “Effective Date”). Mr. Wills joins Coach from AlixPartners LLP, a global business advisory firm, where he has served as Managing Director and Chief Financial Officer since March 2014. At AlixPartners, Mr. Wills has been responsible for all financial management, capital restructuring and mergers and acquisitions. Prior to AlixPartners, Mr. Wills was Executive Vice President and Chief Financial Officer of Saks Incorporated, owner of the Saks Fifth Avenue, Saks.com and Off 5th franchises, where he worked for nearly 16 years in various finance, strategic-planning, administration and operations positions. Before joining Saks Inc., Mr.

At the 2016 Annual Meeting of Stockholders (the “2016 Annual Meeting”) of Coach, Inc. (the “Company”) held on November 10, 2016, the Company’s stockholders, upon the recommendation of the Board of Directors (the “Board”), approved the Amended and Restated Coach, Inc. 2010 Stock Incentive Plan (Amended and Restated as of September 23, 2016) (the “Amended Stock Incentive Plan”) and the Amended and Restated Coach, Inc. 2001 Employee Stock Purchase Plan (the “Amended ESPP”), each of which was previously adopted by the Board, subject to approval by the Company’s stockholders.

(e) On September 8, 2016, Coach, Inc. (“Coach” or the “Company”) entered into a letter agreement (the “Letter Agreement”) outlining modified employment terms for Andre Cohen, the Company’s President, North America and Global Marketing. The Human Resources Committee of the Coach Board of Directors (the “Committee”), with the support of the Company’s management, increased the period that Mr. Cohen be required to provide the Company with advance written notice of his intent to terminate employment from three (3) months to six (6) months. The Committee also approved a requirement that, in the event Mr.

(e) On August 22, 2016, Coach, Inc. (“Coach” or the “Company”) entered into letter agreements (the “Letter Agreements”) outlining modified employment terms for the following named executive officers (the “NEOs”): Victor Luis – Chief Executive Officer; and Ian Bickley – President, International Group. The Human Resources Committee of the Coach Board of Directors (the “Committee”), with the support of the Company’s management, increased the period that each NEO be required to provide the Company with advance written notice of his intent to terminate employment from three (3) months to six (6) months. The Company’s requirement to provide Mr. Luis with mutual advance written notice was also increased from three (3) to six (6) months. In addition, Mr.

(b) As previously announced in a Current Report on Form 8-K filed on June 8, 2016 with the U.S. Securities and Exchange Commission (the “SEC”), Jane Hamilton Nielsen, the Chief Financial Officer of Coach, Inc. (the “Company”), notified the Company that she would be resigning, effective on the earlier of (x) the day following the date the Company files its Annual Report on Form 10-K for the fiscal year ended July 2, 2016 (“fiscal 2016”) with the SEC or (y) September 1, 2016. Ms. Nielsen’s resignation became effective on August 20, 2016, the day following the date the Company filed its Annual Report on Form 10-K for fiscal 2016. (c) The Board of Directors (the “Board”) of the Company appointed Andrea Shaw Resnick, 55, the Company's Global Head of Investor Relations and Corporate Communications, as interim Chief Financial Officer of the Company, effective as of August 20, 2016.

On April 26, 2016, Coach, Inc. (the “Company”) announced that Gebhard Rainer, the Company’s President and Chief Operating Officer, would be separating from the Company effective April 26, 2016. In connection with Mr. Rainer’s separation of employment with the Company, the Company and Mr. Rainer entered into a separation and release agreement with Mr. Rainer (the “Rainer Agreement”) on June 7, 2016. Pursuant to the Rainer Agreement, Mr. Rainer will receive as separation payments, $750,000 paid in monthly installments, equal to 12 months of his annual base salary, paid as salary continuation. The Rainer Agreement also provides that Mr. Rainer will be eligible to receive a one-time special bonus equivalent to the pro-rated amount Mr. Rainer would have received under the Company’s Performance-Based Annual Incentive Plan for the Company’s 2016 fiscal year.

(b) On June 3, 2016, Jane Hamilton Nielsen, the Chief Financial Officer of Coach, Inc. (the “Company”), notified the Company that she will be resigning from the Company to pursue another opportunity, effective on the earlier of: (x) the day following the date the Company files its Annual Report on Form 10-K for the fiscal year ended July 2, 2016 with the U.S. Securities and Exchange Commission or (y) September 1, 2016. On June 8, 2016, the Company issued a press release concerning the resignation of Ms. Nielsen. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Andre Cohen On April 22, 2016, the Board promoted Andre Cohen, the Company’s President, North America, to the role of President, North America and Global Marketing, effective May 1, 2016. In addition to his current responsibilities, Mr. Cohen will now have oversight of North America wholesale and global marketing, customer experience and digital operations of the Company’s Coach brand. In connection with his promotion, the Human Resources Committee (the “Committee”) of the Board approved a base salary for Mr. Cohen of $950,000, effective May 1, 2016. The Committee also approved a guideline annual equity grant for Mr. Cohen of $1,200,000 (at target) for fiscal year 2017, to be granted in accordance with the Company’s stock incentive plan.

(d) On January 4, 2016, the Board of Directors (the “Board”) of Coach, Inc. (“Coach” or the “Company”) increased the size of the Board to nine members and elected Annabelle Yu Long as a director of the Company, effective as of January 4, 2016. In connection with her appointment to the Board and in accordance with the Company’s standard compensation arrangements for non-employee directors, Ms. Long will be entitled to an annual cash retainer of $75,000 as well as an annual equity grant with a grant date fair market value of $150,000 made on the date of Coach’s annual meeting of stockholders, with 50% of the value of the award made in the form of stock options and 50% made in the form of restricted stock units.