In March, Chris is asked to step down as co-chair of Tory Burch LLC.

FORBES: Why Tory Burch Should Be Fashion's Next Billionaire (And How Her Ex Could Stop Her)

Mr. Burch had to go off the board of Tory Burch LLC, but retained a 28.3% stake.

FORBES: Tory Burch Settles Legal Scraps A Billionaire, Puts Flats On The Gas Pedal

As a minority shareholder in Tory Burch LLC, the billionaire has a designated seat on the board.

FORBES: Is Billionaire Blavatnik Playing Both Sides In Tory Burch Battle?

Tory Burch LLC countersued in November, claiming C.

FORBES: Fashion Tycoon Tory Burch Becomes A Billionaire (Thanks, In Part, To $200 Ballet Flats)

Tory Burch LLC countersues in November, claiming C.

FORBES: Why Tory Burch Should Be Fashion's Next Billionaire (And How Her Ex Could Stop Her)