TIFFANY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) On February 5, 2017, Frederic Cumenal, the
principal executive officer of Tiffany Co. (the Company), stepped
down from his position as Chief Executive Officer of the Company,
effective immediately.
(c) On February 5, 2017, the Companys Board of
Directors (the Board) appointed Michael J. Kowalski as the
Companys Interim Chief Executive Officer, effective immediately.
Biographical and other information regarding Mr. Kowalski is set
forth in the Companys Proxy Statement in respect of its 2016
Annual Meeting, filed with the SEC on April 8, 2016. Mr. Kowalski
has also been appointed to the Dividend Committee of the Board.
The Company will file an amendment to this Form 8-K to report any
material plan, contract or amendment to which Mr. Kowalski is a
party that is entered into in connection with his appointment as
Interim Chief Executive Officer.
Item 7.01Regulation FD Disclosure
A copy of the press release issued by the Company on February 5,
2017 announcing Mr. Cumenals departure as Chief Executive Officer
of the Company, Mr. Kowalskis appointment as his successor as
Interim Chief Executive Officer, and the Companys statements
regarding its 2016 guidance is filed herewith as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the
information set forth under Item 7.01 of this Current Report on
Form 8-K, including Exhibit 99.1, shall not be deemed filed for
the purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the Exchange Act), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as expressly stated by
specific reference in such filing.
Item 9.01Financial Statements and Exhibits
(d) Exhibits:
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Exhibit No. |
Description |
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| 99.1 | Press Release issued by Tiffany Co. on February 5, 2017. | |
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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. The Asia-Pacific segment includes over 80 Company-operated TIFFANY & CO. stores in China, Korea, Hong Kong, Taiwan, Australia, Singapore, Macau, Malaysia and Thailand. The Japan segment includes approximately 60 Company-operated TIFFANY & CO. stores. The retail sales in Europe are transacted in over 40 Company-operated TIFFANY & CO. stores. The Other segment includes retail sales and wholesale distribution; wholesale sales of diamonds, and licensing agreements. TIFFANY & CO. (NYSE:TIF) Recent Trading Information
TIFFANY & CO. (NYSE:TIF) closed its last trading session up +2.29 at 80.47 with 2,431,977 shares trading hands.