secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001024305-23-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty explores Paris dual listing; CEO Nabi gets long-term equity program through 2030
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- Board authorized exploring dual listing on Euronext Paris alongside NYSE, leveraging Coty's French heritage.
- CEO Sue Y. Nabi granted 10,416,667 RSUs vesting through 2028 and annual PRSU awards totaling up to 10,416,667 shares.
- Total potential CEO equity: up to 20,833,334 shares over seven years; half tied to performance objectives.
- Company entered $200M and $196M forward repurchase contracts at avg $7.99/share to offset dilution.
- Q3 FY2023 earnings to be reported May 9; projected FY23 FCF over $400M, leverage toward 3x exiting CY23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000028/0001024305-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000028/coty-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer