UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 15, 2020, The Estée Lauder Companies Inc. (the “Company”) announced that effective May 1, 2020 and continuing through October 31, 2020, the base salary for each of the Company’s Named Executive Officers will be reduced as follows:
Named Executive Officer | Base Salary Reduced by: | |||
William P. Lauder, Executive Chairman | 50 | % | ||
Fabrizio Freda, President and Chief Executive Officer | 50 | % | ||
Tracey T. Travis, Executive Vice President and Chief Financial Officer | 30 | % | ||
John Demsey, Executive Group President | 30 | % | ||
Cedric Prouvé, Group President - International | 30 | % |
The Company’s press release dated April 15, 2020 contains additional information about compensation matters concerning other Executive Officers as well as the Board of Directors.
Item 8.01 Other Events
The Company’s press release dated April 15, 2020, concerning an update on initiatives related to COVID-19, is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description |
99.1 | Press Release, dated April 15, 2020, of The Estée Lauder Companies Inc. |
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.
THE ESTÉE LAUDER COMPANIES INC. | |||
Date: | April 15, 2020 | By: | /s/ Tracey T. Travis |
Tracey T. Travis | |||
Executive Vice President and Chief Financial
Officer (Principal Financial and Accounting Officer) |
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