Coty Inc.
06/28/2024 | Press release | Distributed by Public on 06/28/2024 15:19
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 26, 2024, the Remuneration and Nomination Committee (the "RNC") of the Board of Directors (the "Board") of Coty Inc. (the "Company") approved a new compensatory arrangement for the Company's Chief Legal Officer, Kristin Blazewicz, who has served as Coty's Chief Legal Officer since March 2020. Under the terms of the new arrangement (which has been reflected in an updated offer letter), Ms. Blazewicz will be entitled to an annual base salary in the amount of $850,000 (an increase from her previous annual base salary of $800,000), effective July 1, 2024.
The foregoing description of the updated offer letter for Ms. Blazewicz is qualified in its entirety by reference to the full text of such offer letter, a copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the period ended June 30, 2024.