FALSE000102430500010243052020-04-092020-04-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): April 9, 2020
Coty Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware001-3596413-3823358
(State or other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)

350 Fifth Avenue
New York,
NY
10118
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (212) 389-7300

(Former name or former address, if changed from 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 (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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.o



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

On April 9, 2020, in response to the impacts of the COVID-19 pandemic on the Company’s business, the Company’s Remuneration and Compensation Committee (the “RNC”) of the Board of Directors approved a temporary 25% reduction in base salary compensation for Pierre Laubies, the Company’s Chief Executive Officer, and for Pierre-Andre Terisse, the Company’s Chief Financial Officer and Chief Operating Officer, with such reductions to continue through the end of the 2020 fiscal year. On April 12, 2020, the Board of Directors approved a temporary 25% reduction of the annual cash remuneration payable to non-employee directors for service during the 2021 fiscal year.

The Board of Directors and the RNC will evaluate these temporary compensation actions at their respective regular quarterly meetings or as otherwise deemed necessary.



Item 9.01 Financial Statements and Exhibits
 
(i)Exhibits:
Exhibit No.Description
104Cover Page Interactive Data File (embedded within the Inline XBRL document).




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.
 
 Coty Inc. 
 (Registrant) 
    
Date: April 14, 2020By:/s/Pierre-André Terisse 
  Pierre-André Terisse 
  Chief Financial Officer and Chief Operating Officer