---
schema_version: "secwatch.filing_event.v1"
accession: "0001024305-23-000023"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2023-04-07T23:59:59+00:00"
generated_at: "2026-06-17T04:26:25.456124+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Coty settles stockholder litigation over 2019 tender offer for $35M and governance changes

## Summary
- Settlement of consolidated class/derivative action for $35,000,000 cash plus corporate governance changes.
- Governance changes include restrictions on JAB's share sales and purchases, new lead independent director, and amendment of Stockholders Agreement.
- No admission of wrongdoing by defendants; settlement subject to Court approval with hearing scheduled June 13, 2023.
- Eligible Class Members (tendering stockholders) will receive pro rata distribution without filing claim forms.
- Action alleged breaches of fiduciary duty in connection with 2019 partial tender offer at $11.65/share.

## SEC filing metadata
- accession: 0001024305-23-000023
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2023-04-07T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000023/0001024305-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000023/coty-20230407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001024305-23-000023
- JSON: https://secwatch.observer/filing/0001024305-23-000023.json
- Plain text: https://secwatch.observer/filing/0001024305-23-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.