SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): July 1, 2005
Coach, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 1-16153 52-2242751
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(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
516 West 34th Street, New York, NY 10001
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(Address of principal executive offices) (Zip Code)
(212) 594-1850
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(Registrant's telephone number, including area code)
Item 2.01: Completion of Acquisition or Disposition of Assets.
On July 1, 2005, Coach, Inc. (the "Company") completed the purchase from
Sumitomo Corporation ("Sumitomo") of Sumitomo's 50% ownership interest in Coach
Japan, Inc. (a joint venture between the Company and Sumitomo that operates the
Coach retail business in Japan). Two of the Company's wholly-owned subsidiaries
(Coach Japan Holdings, Inc. and Coach Japan Investments, Inc.), as well as Coach
Japan, Inc., were the purchasers of the equity and debt financing, respectively,
of Coach Japan, Inc. The purchase price for this transaction was approximately
$225 million, plus approximately $75 million representing Sumitomo's
undistributed profits and paid-in capital, for a total cash payment of $300
million.
Item 9.01: Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being furnished herewith:
10.1 Stock Purchase Agreement, dated April 25, 2005, among the Company,
Coach Japan Holdings, Inc., Coach Japan, Inc., Coach Japan
Investments, Inc. and Sumitomo Corporation (filed as Exhibit 10.1 to
the Company's Form 10-Q for the Quarterly Period Ended April 2, 2005).
SIGNATURE
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.
Dated: July 7, 2005
COACH, INC.
By: /s/ Carole P. Sadler
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Carole P. Sadler
Senior Vice President, General Counsel
and Secretary
EXHIBIT INDEX
10.1 Stock Purchase Agreement, dated April 25, 2005, among the Company,
Coach Japan Holdings, Inc., Coach Japan, Inc., Coach Japan
Investments, Inc. and Sumitomo Corporation (filed as Exhibit 10.1 to
the Company's Form 10-Q for the Quarterly Period Ended April 2, 2005).