# EDGAR Filing Document

**Accession Number:** 0000078239
**File Stem:** 0000078239-25-000081
**Filing Date:** 2025-11
**Character Count:** 20807
**Document Hash:** 2f1c25da57fc361aead6aa1620758314
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000078239-25-000081.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000078239-25-000081

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251117

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PVH CORP. /DE/
- **CENTRAL INDEX KEY:** 0000078239
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 131166910
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0201

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07572
- **FILM NUMBER:** 251493247

**BUSINESS ADDRESS:**
- **STREET 1:** 285 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2123813500

**MAIL ADDRESS:**
- **STREET 1:** 285 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHILLIPS VAN HEUSEN CORP /DE/
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? pvh-20251117

**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) <u>November 17, 2025</u>

<u>PVH CORP.</u>

(Exact name of registrant as specified in its charter)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Delaware | | 001-07572 | | 13-1166910 |
| &nbsp;&nbsp;&nbsp;&nbsp;(State or other jurisdiction of incorporation) | &nbsp;&nbsp;&nbsp;&nbsp;(State or other jurisdiction of incorporation) | (Commission File Number) | (Commission File Number) | (I.R.S. Employer Identification No.) | (I.R.S. Employer Identification No.) |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| 285 Madison Avenue, | New York, | New York | | 10017 |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) | (Zip Code) |

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Registrant's telephone number, including area code <u>(212)-381-3500</u>

<u>Not Applicable</u>

(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:

**☐** 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.14d-2(b))

**☐** Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, $1.00 par value | PVH | New York Stock Exchange |
| 4.125% Senior Notes due 2029 | PVH29 | New York Stock Exchange |

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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).

Emerging growth company **☐** 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 2.02. Results of Operations and Financial Condition.**

PVH Corp. (the "Company") issued a press release on November 18, 2025 to announce the matter reported in Item 5.02 below. The Company included in that release a confirmation of its revenue and earnings guidance for third quarter and full year 2025 on a non-GAAP basis. The press release is attached to this report as Exhibit 99.1.

The information in this Item 2.02 of this current report on Form 8-K and the information relating to the revenue and earnings guidance included in the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, regardless of any general incorporation language.

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** 

On November 18, 2025, the Company announced that Zachary Coughlin, its Chief Financial Officer (principal financial officer), will be leaving the Company on December 31, 2025 to pursue an opportunity in another industry. The Company is undertaking a search for a successor Chief Financial Officer.

Melissa Stone, the Company's Executive Vice President, Global Financial Planning & Analysis, will serve as the Company's Interim Chief Financial Officer and interim principal financial officer while the Company searches for Mr. Coughlin's successor. Ms. Stone, age 47, has been a part of the Company's financial leadership team for over a decade. She was appointed Executive Vice President Global Financial Planning & Analysis in 2025. Ms. Stone previously served as Assistant Corporate Controller beginning in 2015 and held a series of roles of increasing responsibility, including Senior Vice President, Accounting and Group Vice President Corporate Accounting after joining the Company in 2002 as Accounting Manager. Ms. Stone is an active CPA.

In recognition of Ms. Stone's increased responsibilities in connection with the transition of Mr. Coughlin's responsibilities and in anticipation of Ms. Stones' contemplated appointment as the Company's interim principal financial officer upon Mr. Coughlin's departure, the Compensation Committee of the Company's Board of Directors approved:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a monthly increase of $20,833 to her base salary effective upon her commencement of her new responsibilities on January 1, 2026, to remain in effect for so long as she remains in these interim roles but in no event fewer than six months even if a successor for Mr. Coughlin has been hired and joined;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a one-time grant of restricted stock units with a grant date value of $200,000 that vest in two equal installments on each of the first and second anniversaries of the grant date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a one-time $300,000 cash bonus payable on or as soon as practicable 90-days after Mr. Coughlin's replacement has commenced employment with the Company, subject to Ms. Stone's appointment as Interim Chief Financial Officer (interim principal financial officer), as well as her continued employment by the Company on the date of payment, other than by reason of a termination by the Company without cause (as defined under her employment agreement); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the payment of up to $5,000 in legal fees relating to this arrangement.

Other than as described above, there are no arrangements or understandings between Ms. Stone and any other person pursuant to which she was appointed as Interim Chief Financial Officer or interim principal financial officer of the Company. There are also no family relationships between Ms. Stone and any

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director or executive officer of the Company, and Ms. Stone has no direct or indirect interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

As noted, the Company issued a press release announcing this leadership change, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, other than as provided in Item 2.02.

**Item 9.01. Financial Statements And Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Exhibits*.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | <u>[Press Release dated November 18, 2025.](exhibit991211.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**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.

**PVH CORP.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Registrant)**

By: <u>/s/ Mark D. Fischer</u> 

Name: Mark D. Fischer

Title: Executive Vice President, General

Counsel and Secretary

Date: November 18, 2025

## Exhibit 99.1

**Exhibit 99.1**

**PVH CORP. ANNOUNCES CFO TRANSITION**

**•** *Melissa Stone, EVP Global Financial Planning & Analysis, Appointed Interim CFO* 

***•*** *Company Reaffirms Third Quarter and Full Year 2025 Guidance* 

NEW YORK—Nov. 18, 2025 -- PVH Corp. (NYSE:PVH) today announced that Zac Coughlin, Chief Financial Officer, will be departing the company to pursue an opportunity outside of the retail and apparel industry. Coughlin will remain with PVH through the end of the calendar year and will take part in the company's upcoming third quarter earnings call.

The company has initiated a global search for its next CFO, and during the transition Melissa Stone will serve as Interim CFO. Stone, who has been with PVH for more than two decades, is currently Executive Vice President, Global Financial Planning & Analysis. During her tenure at the company, she has held a series of senior finance roles of increasing responsibility including SVP Accounting, and Assistant Corporate Controller.

"I want to thank Zac for his partnership and contributions over the past several years," said Stefan Larsson, Chief Executive Officer of PVH Corp. "He has played an integral role in advancing our PVH+ Plan progress and significantly driving cost efficiencies. As we continue on our journey to unlock the full potential of *Calvin Klein* and *TOMMY HILFIGER*, we would like to wish Zac continued success in his next chapter."

"Melissa has extensive experience across our company's financial operations and brings a deep understanding of our global business to this interim role," continued Larsson. "I'd like to thank Melissa for stepping in as we conduct a search for our next CFO."

"I'm so proud to have had this unique opportunity to be a part of shaping this chapter in PVH's growth journey. I look forward to seeing continued momentum of the PVH+ Plan with the strong team in place under Stefan's leadership," commented Coughlin.

The Company is reaffirming its third quarter and full year 2025 guidance for revenue and earnings on a non-GAAP basis, as previously announced in its earnings release on August 26, 2025.

As previously announced, the company will host a conference call at 9:00 A.M. ET on Thursday, December 4, 2025 to discuss its third quarter 2025 financial results. The call will be broadcast live over the Internet. A link will be available on the Company's website, www.pvh.com, under the Investors section. For those who are unable to listen to the live broadcast, the webcast replay will remain available after the call on PVH's website for 12 months.

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**About PVH Corp.**

PVH is one of the world's largest fashion companies, driven by its two iconic brands, *Calvin Klein* and *TOMMY HILFIGER*. For more than 140 years, PVH has connected with and inspired consumers globally and now operates in more than 40 countries worldwide. For more information, visit https://www.pvh.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release and made during the December 4, 2025 conference call/webcast, including, without limitation, statements relating to the Company's future revenue, earnings, plans, strategies, objectives, expectations and intentions are made as of November 18, 2025 and will be made as of December 3, 2025, as applicable, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company's ability to realize anticipated benefits and savings from divestitures, restructurings and similar plans, such as the actions taken in recent years to focus on its Calvin Klein and Tommy Hilfiger businesses and its current multi-year initiative to simplify its operating model and achieve cost savings; (iii) the ability to realize the intended benefits from the acquisition of licensees or the reversion of licensed rights (such as the announced, in-process plan to take back a significant portion of the product categories that are or had been licensed to G-III Apparel Group, Ltd. upon the expirations over time of the underlying license agreements) and avoid any disruptions in the businesses; (iv) the Company has significant levels of outstanding debt, as well as significant additional borrowing capacity, and uses a significant portion of its cash flows to service its indebtedness, as a result of which the Company might not have sufficient funds to operate its businesses in the manner it intends or has operated in the past; (v) the levels of sales of the Company's apparel, footwear and related products, both to its wholesale customers and in its direct-to-consumer retail store and digital commerce operations, the levels of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company and its licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy (including inflationary pressures like those currently being experienced globally), fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, consumer sentiment and other factors; (vi) the Company's ability to manage its growth and inventory; (vii) restrictions, including quotas and the imposition of new or increased duties or tariffs on goods from the countries where the Company or its licensees produce goods under its trademarks, any of which, among other things, could limit the ability to produce products in cost-effective countries, or in countries that have the labor and technical expertise needed, or require the Company to absorb costs or try to pass costs onto consumers, which could materially impact the Company's revenue and profitability; (viii) the availability and cost of raw materials; (ix) the Company's ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where the Company's products can best be produced); (x) the regulation or prohibition of the transaction of business with specific individuals or entities and their affiliates or goods manufactured in (or containing raw materials or

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components from) certain regions, such as the listing of a person or entity as a Specially Designated National or Blocked Person by the U.S. Department of the Treasury's Office of Foreign Assets Control and the issuance of Withhold Release Orders by the U.S. Customs and Border Protection; (xi) changes in available factory and shipping capacity, wage and shipping cost escalation, and store closures in any of the countries where the Company's or its licensees' or wholesale customers' or other business partners' stores are located or products are sold or produced or are planned to be sold or produced, as a result of civil conflict, war or terrorist acts, the threat of any of the foregoing, or political or labor instability, such as the current war in Ukraine that led to the Company's exit from its retail business in Russia and the cessation of its wholesale operations in Russia and Belarus, and the temporary cessation of business by many of its business partners in Ukraine; (xii) disease epidemics and health-related concerns, such as the recent COVID-19 pandemic, which could result in (and, in the case of the COVID-19 pandemic, did result in some of the following) supply-chain disruptions due to closed factories, reduced workforces and production capacity, shipping delays, container and trucker shortages, port congestion and other logistics problems, closed stores, and reduced consumer traffic and purchasing, or governments implement mandatory business closures, travel restrictions or the like, and market or other changes that could result in shortages of inventory available to be delivered to the Company's stores and customers, order cancellations and lost sales, as well as in noncash impairments of the Company's goodwill and other intangible assets, operating lease right-of-use assets, and property, plant and equipment; (xiii) actions taken towards sustainability and social and environmental responsibility as part of the Company's sustainability and social and environmental strategy may not be achieved or may be perceived to be falsely claimed, which could diminish consumer trust in the Company's brands and the Company's brands' values, as well as the potential for adverse consumer response to any sustainability, social or environmental actions taken by the Company; (xiv) the failure of the Company's licensees to market successfully licensed products or to preserve the value of the Company's brands, or their misuse of the Company's brands; (xv) significant fluctuations of the U.S. dollar against foreign currencies in which the Company transacts significant levels of business; (xvi) the Company's retirement plan expenses recorded throughout the year are calculated using actuarial valuations that incorporate assumptions and estimates about financial market, economic and demographic conditions, and differences between estimated and actual results give rise to gains and losses, which can be significant, that are recorded immediately in earnings, generally in the fourth quarter of the year; (xvii) the impact of new and revised tax legislation and regulations; (xviii) the impacts of the decision by China's Ministry of Commerce to place the Company on the List of Unreliable Entities, including the impact of any fines imposed, or restrictions or prohibitions on the Company that have the effect of limiting or prohibiting its ability to do business in China; and (xix) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission ("SEC").

This press release includes, and the December 4, 2025 conference call/webcast will include, certain non-GAAP financial measures, as defined under SEC rules. Reconciliations of certain of these measures will be included in the Company's third quarter 2025 earnings release, which will be issued on December 3, 2025 and posted on the Company's website, www.pvh.com, and included in the Company's current report on Form 8-K to be furnished to the SEC in advance of the webcast and conference call.

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The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding revenue or earnings, whether as a result of the receipt of new information, future events or otherwise.

**Investor Contact:**

Sheryl Freeman

investorrelations@pvh.com

**Media Contact:** 

communications@pvh.com

<br>