AI English summary of an SEC filing — figures as filed
Tapestry TPRTapestry said on April 6, 2026 it increased the size of its Board from 10 to 11 members and elected Matthew Madrigal as a director. According to the press release, the Board now consists of 11 members, including 10 independent directors.
Key points
AI summaryTapestry said on April 6, 2026 it increased the size of its Board from 10 to 11 members and elected Matthew Madrigal as a director. According to the press release, the Board now consists of 11 members, including 10 independent directors.
The company said Mr. Madrigal will receive an annual cash retainer of $100,000 and an annual equity grant with a grant date fair market value of $200,000, made entirely in the form of restricted stock units on the date of Tapestry's annual meeting of stockholders. These awards vest in full 1 year from the date of grant, subject to his continued service as a director until that time.
Tapestry said it will grant Mr. Madrigal an initial equity award with a grant date fair market value of $200,000 on April 6, 2026, made entirely in the form of restricted stock units. This initial grant will vest on the 1st anniversary of the grant date.
The company introduced Mr. Madrigal in the press release as Chief Technology Officer of Pinterest, Inc. and noted his prior roles at Google, Fanatics, Williams-Sonoma, Inc. and other companies. It also disclosed that there are no arrangements or understandings between Mr. Madrigal and any other person pursuant to which he was selected as a director.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Board Expansion and Appointment of New Director
Tapestry said on April 6, 2026 it increased the size of its Board from 10 to 11 members and elected Matthew Madrigal as a director. According to the press release, the Board now consists of 11 members, including 10 independent directors.
Source · Based on the filing body and exhibits
New Director's Annual Cash Retainer and Equity Compensation
The company said Mr. Madrigal will receive an annual cash retainer of $100,000 and an annual equity grant with a grant date fair market value of $200,000, made entirely in the form of restricted stock units on the date of Tapestry's annual meeting of stockholders. These awards vest in full 1 year from the date of grant, subject to his continued service as a director until that time.
Source · Based on the filing body and exhibits
Initial Equity Award Granted on April 6, 2026
Tapestry said it will grant Mr. Madrigal an initial equity award with a grant date fair market value of $200,000 on April 6, 2026, made entirely in the form of restricted stock units. This initial grant will vest on the 1st anniversary of the grant date.
Source · Based on the filing body and exhibits
Madrigal's Career Background and Director Selection Disclosures
The company introduced Mr. Madrigal in the press release as Chief Technology Officer of Pinterest, Inc. and noted his prior roles at Google, Fanatics, Williams-Sonoma, Inc. and other companies. It also disclosed that there are no arrangements or understandings between Mr. Madrigal and any other person pursuant to which he was selected as a director.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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