[6-K] Natuzzi, S.p.A Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Natuzzi S.p.A. (NYSE: NTZ) filed a Form 6-K to announce that CEO and executive director Antonio Achille resigned effective 30 July 2025 after four years in the role. The Board has granted interim CEO authority to Executive Chairman Pasquale Natuzzi while a search for a permanent successor is conducted. No financial figures or changes to strategic guidance were disclosed in this filing.

The resignation removes the architect of the company’s recent transformation program, introducing near-term leadership uncertainty at a critical point in Natuzzi’s turnaround efforts. However, continuity is partially preserved because the founder-chairman will steer operations temporarily. Investors’ focus will shift to the timing, profile and mandate of the eventual replacement and whether current strategic initiatives remain intact.

Positive

• Continuity measure: Executive Chairman Pasquale Natuzzi assumes interim CEO duties, limiting immediate operational disruption.

Negative

• Leadership uncertainty: Resignation of transformation-focused CEO introduces execution risk during ongoing turnaround.
• Governance concentration: Founder now holds both chair and interim CEO roles, potentially reducing board independence.

Insights

Corporate Governance Expert

TL;DR: CEO exit is material governance event; interim stability but succession risk.

Achille’s departure eliminates the executive credited with driving strategic restructuring since 2021. While founder Pasquale Natuzzi can ensure day-to-day continuity, he also concentrates significant authority, raising independence questions. The market will scrutinize the board’s succession process, candidate quality and timeline; prolonged uncertainty could delay operational initiatives, weaken employee morale and complicate external partnerships.

Portfolio Manager

TL;DR: Leadership void elevates execution risk; monitor successor search.

The filing contains no financial data, so valuation impact hinges on qualitative factors. Recent quarters showed gradual margin recovery; losing the CEO threatens that momentum. Interim leadership by the founder reduces immediate disruption, yet his strategic bias may differ from investors’ preference for disciplined cost control. I view the news as modestly negative until clarity on a permanent hire emerges.

Securities and Exchange Commission
Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer
Pursuant To Rule 13a-16 Or 15d-16
Of The
Securities Exchange Act of 1934

For the month of JULY 2025	Commission File Number 1-11854
NATUZZI S.p.A.
(Translation of registrant’s name into English)
Via Iazzitiello 47 70029 Santeramo, Italy
(Address of principal 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 □

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes □ No ⊠

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

NATUZZI ANNOUNCES CEO RESIGNATION

Santeramo in Colle, Bari, Italy – July 31, 2025 – Natuzzi S.p.A. (NYSE: NTZ) (“Natuzzi” or the “Company”) announced today that Mr. Antonio Achille, who has served as the Company’s Chief Executive Officer and executive director since 2021, stepped down from his roles effective July 30, 2025, to pursue new professional opportunities.

Pending the appointment of a successor, the Board of Directors has temporarily delegated the CEO’s powers and responsibilities to the Executive Chairman, Mr. Pasquale Natuzzi, who will serve in an interim capacity.

The Board of Directors wishes to express its sincere gratitude to Mr. Achille for his impactful leadership and significant contributions during his tenure, particularly in driving strategic transformation initiatives and for his strong commitment and professionalism.

Mr. Achille has expressed his appreciation to Mr. Pasquale Natuzzi, the Company’s shareholders, and the Board of Directors for the trust and support extended to him over the years, which enabled the Company to face complex challenges and pursue meaningful progress. He also conveyed his gratitude to the entire Natuzzi team for their dedication and collaboration throughout a period of important evolution.

The Board also thanks Mr. Natuzzi for his willingness to contribute his time and energy to the interim role.

*****

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements included in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “ambition,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements involve inherent risks and uncertainties, as well as other factors that may be beyond our control. The Company cautions readers that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to: effects on the Group from competition with other furniture producers, material changes in consumer demand or preferences, significant economic developments in the Group’s primary markets, the Group’s execution of its reorganization plans for its manufacturing facilities, significant changes in labor, material and other costs affecting the construction of new plants, significant changes in the costs of principal raw materials and in energy costs, significant exchange rate movements or changes in the Group’s legal and regulatory environment, including developments related to the Italian Government’s investment incentive or similar programs, the duration, severity and geographic spread of any public health outbreaks (including the spread of any future epidemic), consumer demand, our supply chain and the Company’s financial condition, business operations and liquidity, the geopolitical tensions and market uncertainties resulting from the ongoing armed conflict between Russia and Ukraine, the Israel-Hamas war and other conflicts in the Middle East, the inflationary environment and potential increases in interest rates and energy prices, as well as protectionist trade policies, tariffs and related retaliatory measures. The Company cautions readers that the foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and events. Additional information about potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the U.S. Securities and

Exchange Commission, including the Company’s most recent Annual Report on Form 20-F. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.

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 March 31, 2025, Natuzzi distributes its collections worldwide through a global retail network of 610 monobrand stores in addition to galleries. Natuzzi products embed the finest spirit of Italian design and the unique craftsmanship 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:

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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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 thereunto duly authorized.

		NATUZZI S.p.A.
		(Registrant)
Date:	July 31, 2025	By:	/s/ Pasquale Natuzzi
			Pasquale Natuzzi

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FAQ

Why did Natuzzi (NTZ) file a Form 6-K on 31 July 2025?

The company disclosed that CEO Antonio Achille resigned effective 30 July 2025 and delegated interim leadership to Executive Chairman Pasquale Natuzzi.

Who is leading Natuzzi after Antonio Achille’s resignation?

Founder and Executive Chairman Pasquale Natuzzi has been granted CEO powers on an interim basis until a successor is appointed.

Is there any financial guidance change in this 6-K?

No. The filing contains no updates to revenue, margin or earnings guidance.

How long had Antonio Achille served as CEO of Natuzzi?

He became CEO and executive director in 2021, serving roughly four years before resigning.

What risks does the CEO change pose to investors?

Leadership turnover can delay strategic initiatives, affect employee morale and concentrate governance power in the interim period.