FRANK A. BENNACK, JR. - Corporate Board Profile

RALPH LAUREN CORP

Filing Date	Source Excerpt
2013-07-03	Mr. Bennack has been a director of the Company since January 1998. He served as Chief Executive Officer of The Hearst Corporation from 1979 to 2002 and then again from June 2008 to June 2013. Mr. Bennack has been the Chairman of the Executive Committee and Vice Chairman of the board of directors of Hearst since 2002. The Board of Directors has determined that he is an audit committee financial expert. The Audit Committee met seven times in Fiscal 2013. The annual retainer for the Chair of the Audit Committee is $20,000. The fee paid to non-employee directors for each meeting of a committee of the Board of Directors that a director attends is $2,000 per committee meeting. The annual equity award for each non-employee director has a target equity value of $100,000. The Director Compensation Table shows Mr. Bennack's total compensation as $228,496.
2014-06-26	Mr. Bennack has been a director of the Company since January 1998. He served as Chief Executive Officer of The Hearst Corporation from 1979 to 2002 and then again from June 2008 to June 2013. Mr. Bennack has been the Chairman of the Executive Committee and Vice Chairman of the board of directors of Hearst since 2002. He serves on the board of Lincoln Center for the Performing Arts and has served on the boards of Hearst-Argyle Television, Inc., Wyeth Corporation and JPMorgan Chase & Co. He is also Chairman of the New York-Presbyterian Hospital and The Paley Center for Media. The Board has determined that he is an audit committee financial expert. The Audit Committee met six times in Fiscal 2014. The Board has determined that each member of the Audit Committee is financially literate and that at least two members of the Audit Committee, Mr. Bennack, its Chair, and Mr. Alchin, are audit committee financial experts, as defined by the SEC. The Audit Committee appoints our independent registered public accounting firm, and approves in advance all audit and permitted non-audit services performed by them and the scope and cost of their annual audits. The Audit Committee reviews, among other things, (i) the results of the independent registered public accounting firm’s annual audits and quarterly reviews, (ii) management’s compliance with our major accounting and financial reporting policies, (iii) the adequacy of our financial organization and management’s procedures and policies relating to our internal control over financial reporting and (iv) our compliance with applicable laws relating to accounting practice. The Compensation Committee reviews and approves the compensation of executive officers and certain key members of our senior management, and compensation plans and arrangements with respect to such executive officers and members of senior management. The Compensation Committee also administers the plans in which certain employees may participate, including our Amended and Restated 2010 Long-Term Stock Incentive Plan (the “2010 Stock Incentive Plan”), which replaced our 1997 Long-Term Stock Incentive Plan (the “1997 Stock Incentive Plan”), and our Amended and Restated Executive Officer Annual Incentive Plan (“EOAIP”). In addition, the Compensation Committee maintains oversight in the development of succession plans for certain key executive positions within our senior management and may review and provide guidance on certain of our programs relating to our diversity, talent review and leadership development. The Compensation Committee met seven times in Fiscal 2014.
2015-06-25	Frank A. Bennack, Jr. Age 82 Mr. Bennack has been a director of the Company since January 1998. He served as Chief Executive Officer of The Hearst Corporation from 1979 to 2002 and then again from June 2008 to June 2013. Mr. Bennack has been the Chairman of the Executive Committee and Executive Vice Chairman of the board of directors of Hearst since 2002. He serves on the board of Lincoln Center for the Performing Arts and has served on the boards of Hearst-Argyle Television, Inc., Wyeth Corporation and JPMorgan Chase & Co. He is also Chairman of the New York-Presbyterian Hospital and The Paley Center for Media. The Board has determined that he is an audit committee financial expert. The Board has established three committees consisting solely of independent directors—the Audit Committee, the Compensation Committee and the Nominating & Governance Committee. The table below indicates the membership of our committees. Director Audit Committee Compensation Committee Nominating &Governance Committee Bennack, Jr., Frank A. C X
2016-06-29	Mr. Bennack has been a director of the Company since January 1998. He is Executive Vice Chairman of The Hearst Corporation. The Board has determined that Mr. Bennack is an audit committee financial expert. Director Compensation Table shows $334,967 total compensation. He is Chair of Audit Committee and member of Compensation Committee.
2017-06-29	Mr. Bennack has been a director of the Company since January 1998 and also serves as Lead Independent Director of our Board. He is Executive Vice Chairman of The Hearst Corporation ("Hearst") and served as Hearst's Chief Executive Officer from 1979 to 2002 and then again from June 2008 to June 2013. Mr. Bennack has been the Chairman of the executive committee and Executive Vice Chairman of the board of directors of Hearst since 2002. He serves on the board of Lincoln Center for the Performing Arts, and is also Chairman of the New York-Presbyterian Hospital and The Paley Center for Media, and a Managing Director of the Metropolitan Opera. He has previously served on the boards of Hearst-Argyle Television, Inc., Wyeth Corporation and JPMorgan Chase & Co. The Board has determined that Mr. Bennack is an audit committee financial expert.
2019-06-21	Mr. Bennack has been a director of the Company since January 1998 and has served as Lead Independent Director of our Board since Fiscal 2017. He is Executive Vice Chairman of The Hearst Corporation. Mr. Bennack serves on three of the four committees of the Board and takes an active role in all governance matters. Director Compensation Table shows total compensation of $370,950.
2020-06-19	Mr. Bennack has been a director of the Company since January 1998 and has served as Lead Independent Director of our Board since Fiscal 2017. He is Executive Vice Chairman of The Hearst Corporation. Mr. Bennack serves on three of the four Committees of the Board.
2021-06-17	Frank A. Bennack, Jr. Age 88 Mr. Bennack has been a director of the Company since January 1998 and served as Lead Independent Director of our Board from Fiscal 2017. Director Compensation Table Frank A. Bennack, Jr. Total ($): 270,752
2022-06-24	Mr. Bennack has been a director of the Company since January 1998 and served as Lead Independent Director of our Board from Fiscal 2017 until the 2021 Annual Meeting. He is Executive Vice Chairman of The Hearst Corporation (Hearst) and served as Hearst's Chief Executive Officer from 1979 to 2002 and then again from June 2008 to June 2013. ... The following table provides information concerning the compensation of those individuals who served as our non-employee directors during Fiscal 2022. ... Frank A. Bennack, Jr. Fees Earned or Paid in Cash ($) 145,000, Stock Awards ($) 160,023, Total $305,023.
2023-06-22	Mr. Bennack has been a director since January 1998 and served as Lead Independent Director until 2021. He is Executive Vice Chairman of Hearst. ... Director Compensation Table shows Frank A. Bennack, Jr. with total compensation of $274,966. He serves on Audit Committee.
2024-06-21	Mr. Bennack has been a director since January 1998 and served as Lead Independent Director from 2017 to 2021. He is Executive Vice Chairman of The Hearst Corporation. Annual fees earned or paid in cash were $122,500 and stock awards were $169,956, totaling $292,456.