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COTY INC 8-K Filings

COTY NYSE

Every 8-K that COTY INC (COTY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow COTY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COTY filings page.

Rhea-AI Summary

Coty Inc. (COTY) reported leadership transition arrangements for former Chief Financial Officer Laurent Mercier in connection with the previously announced appointment of Soraya Benchikh as CFO. Mercier ceased serving as CFO on September 1, 2026 and will serve as Strategic CEO Advisor through June 30, 2027, subject to an earlier date at his option.

Under a Transition Agreement, Mercier will continue to receive an annual base salary of €825,000 for advisory services and a fixed one-time bonus of €290,000, but will not receive other annual bonus or variable compensation for fiscal years 2026 or 2027. Equity awards vesting in October 2026 remain eligible to vest, while unvested awards after the Transition End Date will be forfeited. After the Transition End Date he will be subject to a 12‑month non-competition covenant with related non-competition payments and will receive applicable contractual and collective bargaining severance benefits.

Rhea-AI Summary

Coty Inc. (COTY) reported a planned Chief Financial Officer transition and several executive compensation arrangements. Laurent Mercier will remain CFO and principal financial officer through August 31, 2026, with Soraya Benchikh assuming these roles effective September 1, 2026. Coty states that Mercier’s separation is not due to any disagreement on operations, policies, or practices. Benchikh, formerly CFO of British American Tobacco, will join Coty’s Executive Committee and report to Executive Chairman and Interim CEO Markus Strobel. Coty entered into an employment agreement with Benchikh that includes fixed pay, bonus opportunities, equity awards, a sign-on cash bonus, and relocation and mobility benefits, along with confidentiality, non-solicitation and non-competition covenants and severance terms. Coty also approved updated compensation packages for Strobel and a retention bonus arrangement for Chief Legal Officer Kristin Blazewicz.

Rhea-AI Summary

Coty Inc. (COTY) reported fourth-quarter and full-year fiscal 2026 results, showing modest top-line growth in Q4 but weaker profitability for the year. Q4 net revenues were $1.27 billion, up 1% reported and down 1% like-for-like, with Prestige and Consumer Beauty both up 1% reported.

For FY26, net revenues were $5.81 billion, down 2% reported and 5% like-for-like. Reported operating swung to a loss of $81.5 million versus income of $241.1 million, and reported net loss widened to $618.0 million. However, adjusted net income was $185.1 million, roughly flat year-over-year, and adjusted EBITDA fell to $846.9 million (14.6% margin). Free cash flow improved to $348.2 million, and total debt declined to $3.09 billion, with financial net debt at $2.91 billion and leverage at 3.4x adjusted EBITDA.

Coty highlighted its Coty.Curated strategic framework, rightsizing initiatives, and portfolio simplification, including monetizing its remaining Wella stake for $750 million and agreeing to return the Gucci Beauty license to Kering for $400 million in cash plus inventory proceeds. Management flagged FY27 as a transition year, with guidance for Q1 FY27 calling for a low- to mid-single-digit like-for-like revenue decline, lower gross margin, adjusted EBITDA down by a low-teens percentage, and adjusted EPS (excluding the equity swap) of $0.11–$0.13.

Rhea-AI Summary

Coty Inc. has agreed to end its long‑running Gucci Beauty license early in a transaction valued at approximately $400 million. Coty will continue to operate Gucci Beauty until at least June 30, 2027, about one year before the original license expiration.

The company received $250 million in cash at signing and expects a further $150 million, with up to $30 million potentially held back, no later than September 30, 2027. Coty plans to use the proceeds to reduce debt, invest in its core prestige fragrance and beauty brands, and adjust its organization to the new scope of the business. Coty, Gucci and Kering also resolved all pending litigation related to the license to support an orderly transition.

Rhea-AI Summary

Coty Inc. announced a leadership reshaping and operating model changes tied to its Coty.Curated strategy. Executive Chairman and interim CEO Markus Strobel will directly oversee Prestige commercial operations, with regional leaders now reporting to him. Prestige R&D and sustainability will be integrated with supply chain under the interim leadership of Chief Supply Chain Officer Graeme Carter, creating a single function for innovation, sustainability and delivery.

Several senior executives are departing: Chief Commercial Officer Prestige Caroline Andreotti will leave at the end of September, and Chief Scientific and Sustainability Officer Dr. Shimei Fan will leave at the end of August. Chief People and Purpose Officer Priya Srinivasan has resigned effective August 31, 2026 for personal reasons. Coty has appointed Séverine Charbon as the new Chief People and Purpose Officer effective September 1, bringing more than 25 years of international experience in talent strategy and organizational transformation.

Rhea-AI Summary

Coty Inc. reported weaker third‑quarter fiscal 2026 results, with lower sales, margins and a large non‑cash impairment. Net revenue was $1,281.6 million, down 1% on a reported basis and 7% like‑for‑like, as Middle East disruptions and softer Consumer Beauty demand weighed on growth.

Reported operating loss widened to $372.0 million, driven by a $362.8 million impairment of the Consumer Beauty business after lower revenue forecasts and a higher cost of capital following a share‑price decline. Adjusted operating income fell to $72.4 million and adjusted EBITDA to $127.0 million, with margin contracting to 9.9%.

For the first nine months, net revenue was $4,537.4 million, down 2% reported and 6% like‑for‑like, while adjusted EBITDA declined 21% to $753.3 million. Coty now expects FY26 adjusted EBITDA of about $838–$848 million and adjusted EPS (excluding the equity swap) of $0.33–$0.35, implying a modestly profitable but pressured Q4.

Rhea-AI Summary

Coty Inc. is reshaping its Board of Directors with a significant refresh. Beatrice Ballini, Isabelle Parize, Anna Adeola Makanju and Gordon von Bretten have stepped down from the Board, while Robert (Bob) Singer has resigned effective June 30, 2026 and will remain on the Audit Committee until then.

The Board has been expanded to 10 members and five new independent directors have been appointed: Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni and Stephanie Plaines. Kunze-Concewitz will chair the Remuneration Committee, Plaines will chair the Audit and Finance Committee, and Fischer will serve as Lead Independent Director.

The company states none of the resignations were due to any disagreement over operations, policies or practices. All new directors are considered independent under New York Stock Exchange and SEC rules and will receive Coty’s standard non‑employee director compensation.

Rhea-AI Summary

Coty Inc. reported second-quarter fiscal 2026 results with softer topline and weaker profitability, while significantly strengthening its balance sheet. Net revenue was $1.68 billion, up 1% reported but down 3% like-for-like, as both Prestige and Consumer Beauty declined on an underlying basis amid a more promotional market.

Reported operating income dropped to $148.2 million and Coty posted a net loss of $126.9 million, versus a profit a year ago, largely due to lower gross margins and a realized loss on the Wella sale. Adjusted EBITDA fell 15% to $330.2 million, though adjusted EPS improved to $0.14. Strong free cash flow of $513.1 million and the $750 million Wella stake sale reduced total debt to $3.04 billion and financial net debt to $2.60 billion, the lowest leverage in about nine years. New Executive Chairman and Interim CEO Markus Strobel is launching a “Coty. Curated.” framework and continuing a strategic review of Consumer Beauty. Coty withdrew its full-year FY26 EBITDA and free cash flow guidance and now only guides Q3, expecting mid-single-digit like-for-like revenue decline, 200–300 basis-point gross margin compression and adjusted EBITDA of $100–110 million, around breakeven adjusted EPS.

Rhea-AI Summary

Coty Inc. is making major leadership changes at the start of 2026. The Board has appointed Markus Strobel as Executive Chairman and Interim Chief Executive Officer, effective January 1, 2026. He will receive a $1,250,000 annual base salary while serving as Interim CEO, a one-time cash sign-on bonus of $940,000, and equity awards including $3,000,000 in restricted stock units and 6,000,000 stock options that vest over time and depend on performance goals.

Current CEO Sue Y. Nabi will step down from all roles on December 31, 2025 and receive a cash payment of about $1,741,575 plus vesting of approximately 2,083,333 restricted stock units, with all other unvested equity forfeited. The Board is also adding Patricia Capel as a director and committee member from January 1, 2026, while long-time Chairman Peter Harf will resign from the Board on December 31, 2025, with the company stating his departure is not due to any disagreement.

Rhea-AI Summary

Coty Inc. disclosed that its indirect subsidiary Coty JV Holding S.à r.l. agreed to sell a large portion of its shares in Rainbow JVCo Limited to Tides Holdco Limited for $750,000,000 in cash plus a consideration loan note that will convert into equity in the buyer. The stake sold includes Class 1 ordinary and preference shares, while Coty JV will receive shares in the buyer and, immediately after closing, will hold 45% of the buyer’s ordinary shares.

Coty JV and KKR’s affiliate will govern the buyer under a new shareholders’ agreement that gives Coty JV consent rights over certain corporate actions, a non‑voting board observer seat, and tag‑along and drag‑along rights in future sale scenarios. Coty expects this transaction to result in a material, non‑cash impairment charge of approximately $200 million in the quarter ended December 31, 2025, with final details to be provided in its Form 10‑Q.

Rhea-AI Summary

Coty Inc. reported the results of its annual meeting. Stockholders present totaled 722,065,434 Class A shares, representing 80.43% of votes entitled, establishing a quorum.

All nine director nominees were elected by plurality to serve until the next annual meeting. The advisory vote on named executive officer compensation was approved with 520,390,602 votes for, 163,664,273 against, and 389,410 abstaining. Stockholders also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending June 30, 2026, with 712,433,722 votes for, 9,376,443 against, and 255,269 abstentions.

Rhea-AI Summary

Coty Inc. furnished an 8-K to announce its financial results for the fiscal quarter ended September 30, 2025. The company issued a press release (attached as Exhibit 99.1) that also includes forward-looking statements about its outlook.

The information under Item 2.02, including Exhibit 99.1, is furnished and not filed under Section 18 of the Exchange Act. Coty references non-GAAP financial measures in the release and earnings call, with reconciliations to the most comparable GAAP measures provided in Exhibit 99.1.

Rhea-AI Summary

Coty Inc. completed a private offering of $900.0 million aggregate principal amount of 5.600% senior notes due 2031, issued by Coty and two wholly owned co‑issuers. The notes are senior unsecured, not guaranteed by subsidiaries, and were sold to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S.

The notes mature on January 15, 2031, pay interest semi‑annually on January 15 and July 15 starting January 15, 2026, and are redeemable before December 15, 2030 at 100% plus an Applicable Premium and accrued interest; on or after that date at 100% plus accrued interest. A change of control triggers a repurchase offer at 101% of principal plus accrued interest.

While the notes maintain investment‑grade ratings from at least two of three agencies, most covenants are suspended and limits focus on liens, sale‑leasebacks, and fundamental transactions. If ratings fall below that level, the notes gain senior secured guarantees and first‑priority liens and fuller covenants apply.

Rhea-AI Summary

Coty Inc. announced the pricing of a debt offering that includes 5.000% Senior Secured Notes and a portion of its outstanding 3.875% Senior Secured Notes due 2026, each to be redeemed at par plus accrued interest to, but excluding, the applicable redemption date. The issuers will use cash on hand to pay offering expenses. The notes will not be registered under the Securities Act and are being offered to non-U.S. persons outside the United States in reliance on Regulation S. The filing references a related press release dated October 6, 2025 and includes an Inline XBRL cover page; the report is signed by Laurent Mercier, Chief Financial Officer.

Rhea-AI Summary

Coty Inc. disclosed in an 8-K that it and its wholly owned subsidiaries HFC Prestige Products, Inc. and HFC Prestige International U.S. LLC (together, the Issuers) launched a private offering of senior notes, with the offering described as subject to market and other conditions. The disclosure references a press release dated October 2, 2025 about the offering and notes that a Cover Page Interactive Data File is embedded in the Inline XBRL document. The filing is signed by Laurent Mercier, Chief Financial Officer. The 8-K provides notice of the financing action but does not disclose the offering size, pricing, maturity, covenant terms, or use of proceeds in the text provided.

Rhea-AI Summary

Coty Inc. filed a current report to note that it issued a press release with financial results for its fiscal quarter ended June 30, 2025. The company states that the release, dated August 20, 2025, discusses its quarterly performance and includes forward-looking statements about its outlook.

The report highlights that Coty is using non-GAAP financial measures in the press release and related earnings call, with reconciliations to comparable GAAP measures provided in the attached Exhibit 99.1. The financial information in Item 2.02 and Exhibit 99.1 is being furnished rather than filed, which limits the company’s liability under certain Exchange Act provisions and affects how the information can be incorporated into other SEC filings.