UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| Item 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
Howard Smith, Executive Vice President and Chief Commercial Officer of the Ralph Lauren Corporation, has resigned, effective April 2, 2022, and will step down from his role immediately. Mr. Smith’s resignation is unrelated to the Company’s financial reporting and business performance.
Upon recently learning of allegations regarding Mr. Smith’s personal conduct, the Audit Committee of the Board of Directors promptly launched an independent investigation with the assistance of outside counsel. Because the investigation revealed conduct that violated the Company’s Code of Business Conduct and Ethics and other policies, the Board concluded that Mr. Smith’s resignation was necessary. Regional leaders who already oversee the day-to-day business will report on an interim basis directly to Patrice Louvet, President & CEO.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| RALPH LAUREN CORPORATION | ||
| Date: March 2, 2022 | By: | /s/ Jane Hamilton Nielsen |
| Jane Hamilton Nielsen | ||
| Chief Operating Officer and Chief Financial Officer |