secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2026-09-11T21:10:18+00:00
Accession:  0001024305-26-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ex-CFO Mercier to serve as Coty strategic advisor through June 2027
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- Mercier ceased as CFO Sept 1, 2026; Soraya Benchikh is new CFO; he advises until June 30, 2027.
- Transition Agreement: €825,000 annual salary, fixed €290,000 one-time bonus, no FY26/27 variable comp.
- Oct 2026 equity vesting preserved; unvested awards forfeit after transition; 12-month noncompete.
- He can accelerate exit to Dec 20, 2026, receiving lump-sum salary through June 2027.
- Assists transition through Oct 2026; released from duties Nov 1 but available for advisory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430526000054/0001024305-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430526000054/coty-20260909.htm
  HTML page:      https://secwatch.observer/filing/0001024305-26-000054

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