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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) AUGUST 15, 2006
POLO RALPH LAUREN CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
001-13057 13-2622036
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(Commission File Number) (IRS Employer Identification No.)
650 MADISON AVENUE, NEW YORK, NEW YORK 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 318-7000
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01. OTHER EVENTS.
On August 15, 2006, Polo Ralph Lauren Corporation (the
"Company") issued a press release announcing that the Company's Board of
Directors authorized a $250 million stock repurchase program. A copy of the
press release issued by the Company concerning the foregoing is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
EXHIBIT NO. DESCRIPTION
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99.1 Press release dated August 15, 2006
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 hereunto duly authorized.
POLO RALPH LAUREN CORPORATION
Date: August 15, 2006 By: /s/ Tracey T. Travis
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Name: Tracey T. Travis
Title: Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press release dated August 15, 2006
EXHIBIT 99.1
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P R E S S R E L E A S E
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Polo Ralph Lauren Corporation (ticker: RL, exchange: New York Stock
Exchange (.N)) News Release - 8/15/06
POLO RALPH LAUREN BOARD AUTHORIZES $250 MILLION STOCK REPURCHASE PROGRAM
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NEW YORK--(BUSINESS WIRE)--Aug. 15, 2006--Polo Ralph Lauren Corporation (NYSE:
RL) announced today that the Company's Board of Directors has authorized a
$250 million stock repurchase program.
The program permits the Company to repurchase $250 million of its shares of
Class A Common Stock, subject to market conditions. As part of a previously
authorized stock repurchase program, the Company is also currently permitted
to purchase approximately an additional $32 million of its shares of Class A
Common Stock, subject to market conditions.
Shares acquired under the repurchase program will be held in treasury for
future use. Polo will finance the share repurchases using its cash and bank
credit facilities.
Polo Ralph Lauren Corporation is a leader in the design, marketing and
distribution of premium lifestyle products in four categories: apparel, home,
accessories and fragrances. For more than 38 years, Polo's reputation and
distinctive image have been consistently developed across an expanding number
of products, brands and international markets. The Company's brand names,
which include "Polo by Ralph Lauren", "Ralph Lauren Purple Label", "Ralph
Lauren", "Black Label", "Blue Label", "Lauren by Ralph Lauren", "Polo Jeans
Co.", "RRL", "RLX", "Rugby", "RL Childrenswear", "Chaps", and "Club Monaco"
among others, constitute one of the world's most widely recognized families of
consumer brands. For more information, go to http://investor.polo.com.
CONTACT: for Polo
Nancy Murray, 212-813-7862
SOURCE: Polo Ralph Lauren Corporation