Coach 2007 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2007 Coach annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 147

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147

contracts.
Coach believes that the outcome of all pending legal proceedings in the aggregate will not have a material adverse effect on Coach’s
business or consolidated financial statements.
12

Coach has not entered into any transactions that have been identified by the IRS as abusive or that have a significant tax avoidance
purpose. Accordingly, we have not been required to pay a penalty to the IRS for failing to make disclosures required with respect to certain
transactions that have been identified by the IRS as abusive or that have a significant tax avoidance purpose.

None.

The following table sets forth information regarding each of Coach's executive officers and directors:
  
Lew Frankfort 62 Chairman, Chief Executive Officer and Director
Jerry Stritzke 48 President, Chief Operating Officer
Reed Krakoff 44 President, Executive Creative Director
Michael Tucci 47 President, North American Retail
Mike Devine 50 Executive Vice President, Chief Financial Officer and
Chief Accounting Officer
Sarah Dunn 48 Senior Vice President, Human Resources
Todd Kahn 44 Senior Vice President, General Counsel and Secretary
Susan Kropf(2)(3)(4) 59 Director
Gary Loveman(2)(3)(4) 48 Director
Ivan Menezes(2)(3)(4) 49 Director
Irene Miller(2)(3)(4) 56 Director
Keith Monda 62 Director
Michael Murphy(2)(3)(4) 71 Director
Jide Zeitlin(2)(3)(4) 44 Director
(1) Coach's executive officers serve indefinite terms and may be appointed and removed by Coach's board of directors at any time. Coach's
directors are elected at the annual stockholders meeting and serve terms of one year.
(2) Member of the Audit Committee.
(3) Member of the Human Resources Committee.
(4) Member of the Governance and Nominations Committee.
Lew Frankfort has been involved with the Coach business for almost 30 years. He has served as Chairman and Chief Executive
Officer of Coach since November 1995. He has served as a member of Coach’s Board of Directors since June 1, 2000, the date of
incorporation. Mr. Frankfort served as Senior Vice President of Sara Lee Corporation from January 1994 to October 2000. Mr. Frankfort
was appointed President and Chief Executive Officer of the Sara Lee Champion, Intimates & Accessories group in January 1994, and held
this position through November 1995. From September 1991 through January 1994, Mr. Frankfort held the positions of Executive Vice
President, Sara Lee Personal Products and Chief Executive Officer of Sara Lee Accessories. Mr. Frankfort was appointed President of Coach
in July 1985, after Sara Lee acquired Coach, and held this position through September 1991. Mr. Frankfort joined Coach in 1979 as Vice
President of New Business Development. Prior to joining Coach, Mr. Frankfort held various New York City government management
positions and served as Commissioner, New York City Agency for Child Development. He also serves on the Board of Directors of Teach
for America, a public-private partnership aimed at eliminating educational inequity in America, and Advanced Assessment Systems LLC
(LinkIt!), a provider of online testing, data management, and intervention solutions serving the K – 12 educational market, and he is a
member of the Board of Overseers at Columbia Business School. Mr. Frankfort holds a Bachelor of Arts degree from Hunter College and an
M.B.A. degree in Marketing from Columbia University.
13
