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Board member Pietro Labriola steps down from Natuzzi (NYSE: NTZ) board role

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Natuzzi S.p.A. reported that Pietro Labriola has resigned as a non-executive member of the board of directors due to increased professional commitments in his other roles. He stated that the decision is unrelated to Natuzzi’s current business and that he remains confident in the company’s potential turnaround, emphasizing the need for strategic clarity and continuity.

Executive Chairman and interim CEO Pasquale Natuzzi thanked him for his contribution during a demanding transition period focused on recovery. As of December 31, 2025, Natuzzi’s global retail network included 564 monobrand stores and 487 Natuzzi galleries, in addition to more than 550 curated placements in multi-brand environments.

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Retail monobrand stores 564 stores Global network as of December 31, 2025
Natuzzi galleries 487 galleries Global network as of December 31, 2025
Curated placements more than 550 placements Within multi-brand environments as of December 31, 2025
Board tenure start July 2025 Pietro Labriola’s start as non-executive director
non-executive director financial
"has served as a non-executive director of the Company since July 2025"
A non-executive director is a member of a company’s board who does not work for the company day-to-day but provides independent oversight, strategic guidance and checks on management. For investors, they matter because they act like an impartial referee or outside advisor, helping ensure decisions protect shareholder interests, reduce risks of poor governance, and add credibility to financial reporting and long-term strategy.
board of directors financial
"from his position as a member of the board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
turnaround financial
"remains confident that Natuzzi may pursue an adequate turnaround"
A turnaround is the process of reversing a company’s poor performance by fixing its core problems—such as cutting losses, improving operations, changing management, or refocusing products—so it can return to profitability and growth. For investors, a successful turnaround can turn a struggling stock into a profitable one (like repairing a leaking boat and getting it back to sea), while a failed turnaround increases the risk of further losses.
ISO 14001 technical
"Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment)"
ISO 14001 is an international standard that describes how an organization should set up and maintain an environmental management system — essentially a formal playbook for reducing pollution, using resources wisely, and meeting environmental rules. For investors, certification signals that a company is actively managing environmental risks and costs, which can protect cash flow, reduce fines and cleanup liabilities, and preserve reputation and access to customers and markets.
FSC® Chain of Custody technical
"FSC® Chain of Custody, CoC (FSC-C131540)"
FSC® Chain of Custody is a certification system that tracks wood, paper, and related products from responsibly managed forests through every step of the supply chain, like a receipt trail that proves where each ingredient came from. For investors it matters because it reduces legal and reputational risk, helps companies meet sustainability rules and customer demand, and can protect or enhance market access and brand value in sectors where environmentally responsible sourcing is prized.
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United States

Securities and Exchange Commission
Washington, D.C. 20549



Form 6-K



Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the
Securities Exchange Act of 1934

 

For the month of MAY 2026

Commission File Number 001-11854

NATUZZI S.p.A.

(Translation of registrant’s name into English)

Via Iazzitiello 47
70029 Santeramo in Colle, Italy

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ⊠ Form 40-F □

 

 

 

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NATUZZI ANNOUNCES RESIGNATION OF A BOARD MEMBER, PIETRO LABRIOLA

 

Santeramo in Colle, Bari, Italy – May 29, 2026 Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”) today announced that Mr. Pietro Labriola has resigned from his position as a member of the board of directors.

Pietro Labriola, who has served as a non-executive director of the Company since July 2025, has decided to step down due to increased professional commitments.

Pietro Labriola commented: “This decision of mine is not certainly related to the Company’s current business and industrial challenges. On the contrary, I remain confident that Natuzzi may pursue an adequate turnaround, provided it maintains strategic clarity and execution continuity. My resignation stems solely from increased time commitments related to my other professional roles, which now require my direct and continuous focus at this time.

Because Natuzzi requires the full and consistent engagement of every board member during this strategic phase, I believe stepping down is the most responsible action in the best interest of the Company and its stakeholders. I want to thank the Chairman and the entire board of directors for the constructive collaboration, and I stand ready, compatibly with my commitments, to support an orderly transition."

Pasquale Natuzzi, Executive Chairman of the board of directors and Chief Executive Officer ad interim, commented "On behalf of the entire board of directors, I want to thank Pietro for his dedication, especially during this demanding period of transition. His insights have been valuable as we lay the groundwork for our recovery, and we wish him the very best in all future endeavors".

********************

 

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of December 31, 2025, Natuzzi distributes its collections worldwide through a global retail network of 564 monobrand stores, 487 Natuzzi galleries, along with more than 550 curated placements within larger, multi-brand environments. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® Chain of Custody, CoC (FSC-C131540).

 

 

For information:

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Natuzzi Investor Relations

Piero Direnzo | tel. +39 080-8820-812 | pdirenzo@natuzzi.com

Natuzzi Corporate Communication

Giancarlo Renna (Communication Manager) | tel. +39. 342.3412261 | grenna@natuzzi.com
Barbara Colapinto | tel. +39 331 6654275 |
bcolapinto@natuzzi.com

 

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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, thereunto duly authorized.

NATUZZI S.p.A.

(Registrant)

Date:

May 29, 2026

By:

/s/ Pasquale Natuzzi

Pasquale Natuzzi

 

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FAQ

Why did Pietro Labriola resign from Natuzzi (NTZ)’s board of directors?

Pietro Labriola resigned from Natuzzi’s board due to increased professional commitments in his other roles. He explained that Natuzzi requires full engagement from each director during its strategic phase and that stepping down best serves the company and stakeholders while he focuses on existing responsibilities.

How did Natuzzi’s leadership respond to Pietro Labriola’s resignation?

Executive Chairman and interim CEO Pasquale Natuzzi thanked Labriola for his dedication and valuable insights. He highlighted Labriola’s contribution during a demanding transition period as the company works on its recovery, and extended best wishes for Labriola’s future professional endeavors outside the company.

What role did Pietro Labriola hold at Natuzzi (NTZ) before resigning?

Pietro Labriola served as a non-executive director on Natuzzi’s board since July 2025. As a non-executive member, he was not part of day-to-day management but contributed to oversight and strategic discussions before deciding to resign because of increased external professional commitments.

How extensive is Natuzzi (NTZ)’s global retail network as of December 31, 2025?

As of December 31, 2025, Natuzzi distributed its furniture collections worldwide through 564 monobrand stores and 487 Natuzzi galleries. Additionally, it maintained more than 550 curated placements within larger multi-brand environments, reflecting a broad international retail presence for its design and luxury furniture offerings.