TIFFANY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 20, 2017, the Registrant’s Board of Directors appointed Michael Rinaldo, Vice President – Controller, as the principal accounting officer of the Registrant. John S. Barresi, who has served as the Registrant’s principal accounting officer since 2013, has assumed the role of Vice President – Global Business Transformation. Prior to joining the Registrant in June 2017, Mr. Rinaldo, 46, a certified public accountant, served as Vice President & Controller at Vince Holding Corp. (“Vince”) from April 2016 to May 2017. Prior to joining Vince, Mr. Rinaldo held positions of increasing responsibility at Kate Spade & Company (formerly Liz Claiborne, Inc.) from 2007 until 2016, including the position of Vice President – Corporate Controller and Chief Accounting Officer from 2012 to 2016.
In connection with his appointment as principal accounting officer, on July 20, 2017, Mr. Rinaldo received an equity grant consisting of restricted stock units with respect to the Registrant’s common stock with an aggregate value on the grant date of $125,000, which grant will (i) vest in equal annual installments on the first four anniversaries of the grant date and (ii) be subject to substantially similar terms and conditions as the equity awards granted to other officers of the Registrant as described in the Registrant’s most recent Proxy Statement.
About TIFFANY& CO. (NYSE:TIF)
Tiffany & Co. is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. As of January 31, 2017, the Asia-Pacific segment included 85 Company-operated TIFFANY & CO. stores. As of January 31, 2017, the Japan segment included 55 Company-operated TIFFANY & CO. stores. The Other segment consists of non-reportable segments. TIFFANY& CO. (NYSE:TIF) Recent Trading Information
TIFFANY& CO. (NYSE:TIF) closed its last trading session up +0.05 at 95.09 with 948,126 shares trading hands.
