<SEC-DOCUMENT>0001157523-19-000273.txt : 20190208
<SEC-HEADER>0001157523-19-000273.hdr.sgml : 20190208
<ACCEPTANCE-DATETIME>20190208163142
ACCESSION NUMBER:		0001157523-19-000273
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190208
FILED AS OF DATE:		20190208
DATE AS OF CHANGE:		20190208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATUZZI S P A
		CENTRAL INDEX KEY:			0000900391
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11854
		FILM NUMBER:		19580374

	BUSINESS ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALY
		STATE:			L6
		ZIP:			70029

	MAIL ADDRESS:	
		STREET 1:		VIA IAZZITIELLO 47
		CITY:			SANTERAMO ITALTY
		STATE:			L6
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATUZZI INDUSTRIES SPA
		DATE OF NAME CHANGE:	19950823
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a51938339.htm
<DESCRIPTION>NATUZZI S.P.A. 6-K
<TEXT>
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      <br>
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman">Securities
      and Exchange Commission</font><br><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><br><br><font style="font-size: 18pt; font-family: Times New Roman"><b>Form
      6-K</b></font><br><br><br><font style="font-size: 12pt; font-family: Times New Roman">Report
      of Foreign Issuer</font><br><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      To Rule 13a-16 Or 15d-16</font><br><font style="font-size: 12pt; font-family: Times New Roman">Of
      The</font><br><font style="font-size: 12pt; font-family: Times New Roman">Securities
      Exchange Act of 1934</font><br><br>
    </p>
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            For the month of <b>FEBRUARY 2019</b>
          </p>
        </td>
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          &#160;
        </td>
        <td style="width: 33%; text-align: right; padding-left: 0.0px" valign="top">
          Commission File Number 1-11854
        </td>
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    <p style="text-align: center">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 14pt"><b>NATUZZI S.p.A.</b></font>
          </p>
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            <font style="font-size: 10pt">(Translation of registrant's name
            into English)</font>
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      <br>

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          Via Iazzitiello 47
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          70029 Santeramo, Italy
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          (Address of principal office)
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    <p style="text-align: center">

    </p>
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      <br>

    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant files or will file annual reports
      under cover of Form 20-F or Form 40-F:</font><br><font style="font-size: 10pt; font-family: Times New Roman">Form
      20-F</font><font style="font-size: 10pt; font-family: Times New Roman"> </font><font style="font-size: 11pt; font-family: Arial Unicode MS">&#8864;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Form 40-F </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">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. &#160;Yes </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">&#160;&#160;
      No </font><font style="font-size: 11pt; font-family: Arial Unicode MS">&#8864;</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">If &quot;Yes&quot; is
      marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b):</font>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
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        <div style="text-align: left">

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        <div style="text-align: right">

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    <p style="text-align: right">

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Natuzzi
      S.P.A. Announces ADR-to-Share Ratio Change</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>The Board
      of Directors Intends to Propose an ADR/Shares Buyback Program</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>The Board
      of Directors Intends to Propose a Share-Based Incentive Plan</b></font>
    </p>
    <p>
      SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--February 8,
      2019--Natuzzi S.p.A.<b> </b>(NYSE:NTZ):
    </p>
    <p>
      <i><b>ADR-to-Share Ratio Change</b></i>
    </p>
    <p>
      Natuzzi S.p.A.<b> </b>(NYSE:NTZ) (&#8220;Natuzzi&#8221; or the &#8220;Company&#8221;) announced
      today that its Board of Directors (the &#8220;Board&#8221;) has approved a change in
      the ratio of its American Depositary Receipts (the &#8220;ADRs&#8221;) to ordinary
      shares, par value &#8364;1.00 per share (the &#8220;Shares&#8221;), from one (1) ADR
      representing one (1) Share, to one (1) ADR representing five (5) Shares
      (the &#8220;Ratio Change&#8221;). The effective date of the Ratio Change (the
      &#8220;Effective Date&#8221;) is expected to be February 21, 2019.
    </p>
    <p>
      Pursuant to the Ratio Change, as of the Effective Date record holders of
      ADRs will be required to exchange their existing ADRs for new ADRs on
      the basis of one (1) new ADR for every five (5) existing ADRs
      surrendered. The Depositary will contact ADR holders and arrange for the
      exchange of their existing ADRs for new ADRs.
    </p>
    <p>
      For ADR holders, the Ratio Change will have the same effect as a
      one-for-five reverse ADR split. No new Shares will be issued in
      connection with the Ratio Change and Natuzzi&#8217;s ADRs will continue to be
      traded on the New York Stock Exchange (the &#8220;NYSE&#8221;) under the symbol
      &#8220;NTZ.&#8221;
    </p>
    <p>
      As a result of the Ratio Change, the price of the Company&#8217;s ADRs is
      expected to automatically increase proportionally, but the Company can
      give no assurance that the ADR price following the Ratio Change will be
      at least equal to the ADR price before the Ratio Change multiplied by
      the new ratio. Although the Ratio Change is aimed to bring the price of
      the Company&#8217;s ADRs into compliance with the minimum price continued
      listing standards of the NYSE, the Company can give no assurance that
      the Ratio Change will be effective in achieving this goal.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>The Board of Directors Intends to Propose an ADR/Share Buyback
      Program</b></i>
    </p>
    <p>
      The Board announced today its intention to propose an ADR/Share buyback
      program (the &#8220;Buyback Program&#8221;) at the Company&#8217;s next shareholders&#8217;
      meeting, which is expected to be held by the end of April 2019. If
      approved by the Company&#8217;s shareholders, the Company will engage a
      financial institution to act as agent for the Company and establish a
      written plan for repurchases of the Company&#8217;s ADRs and/or Shares. The
      Company intends to conduct any ADR and/or Share repurchases pursuant to
      the Buyback Program in compliance with the safe harbor provisions of
      Rule 10b-18 under the Securities Exchange Act of 1934, as amended (&#8220;Rule
      10b-18&#8221;), and in accordance with Italian corporate law.
    </p>
    <p>
      The Company will announce further details regarding the potential
      Buyback Program, if approved, including, among other things, the maximum
      number of ADRs and/or Shares that may be purchased thereunder and its
      timeframe, at a later date as such aspects are determined. The Company
      would hold any ADRs or Shares repurchased pursuant to the Buyback
      Program in treasury for general corporate purposes, including to service
      any incentive or retention plans that the Company might adopt for
      certain of its employees and directors.
    </p>
    <p>
      <i><b>The Board of Directors Intends to Propose a Share-Based Incentive
      Plan</b></i>
    </p>
    <p>
      The Board announced today its intention to propose a new multi-year
      share-based incentive plan (the &#8220;Incentive Plan&#8221;) for certain employees
      and directors of the Company and other companies within the Natuzzi
      Group at the Company&#8217;s next shareholders&#8217; meeting.
    </p>
    <p>
      The Board intends to propose a capital increase (reserved for employees
      and directors) and/or the aforementioned Buyback Program in order to
      fund the Incentive Plan.
    </p>
    <p>
      The Incentive Plan is intended to serve as an important tool in
      retaining the Natuzzi Group&#8217;s senior management over the coming years
      and as a means of linking the performance of senior management with the
      goals set out from time to time by the Natuzzi Group.
    </p>
    <p>
      The Company recently hired Mr. Antonino Gambuzza to serve as Chief
      Operations Officer for the Natuzzi Group. With that hire, the Natuzzi
      Group believes that its senior management is in place and can now
      dedicate its efforts to achieving the Company&#8217;s goals and creating value
      for the Company&#8217;s shareholders.
    </p>
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        </div>
      </div>
    </div>
    <p>
      <b>CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS</b>
    </p>
    <p>
      Certain statements set forth 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, as amended, and
      Section 21E of the Securities Exchange Act of 1934, as amended. These
      statements involve risks and uncertainties that could cause the
      Company&#8217;s actual results to differ materially from those stated or
      implied by such forward-looking statements. More information about the
      potential factors that could affect the Company&#8217;s business and financial
      results is included in the Company&#8217;s filings with the Securities and
      Exchange Commission, including the Company&#8217;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.
    </p>
    <p>
      <b>About Natuzzi S.p.A.</b>
    </p>
    <p>
      Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy&#8217;s largest
      furniture house and one of the most important global players in the
      furniture industry with an extensive manufacturing footprint and a
      global retail network. Natuzzi is the Italian lifestyle best-known brand
      in the upholstered furnishings sector worldwide (Brand Awareness
      Monitoring Report - Ipsos 2018) and has been listed on the New York
      Stock Exchange since May 13, 1993. Always committed to social
      responsibility and environmental sustainability, Natuzzi S.p.A. is ISO
      9001 and 14001 certified (Quality and Environment), OHSAS 18001
      certified (Safety on the Workplace) and FSC<sup>&#174;</sup> certified
      (Forest Stewardship Council).
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>NATUZZI INVESTOR RELATIONS</b><br>Piero Direnzo | tel.
      +39.080.8820.812 | <u>pdirenzo@natuzzi.com</u><br><b>NATUZZI CORPORATE
      COMMUNICATION</b><br>Vito Basile (Press Office) | tel. +39.080.8820.676
      | <u>vbasile@natuzzi.com</u>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
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    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            NATUZZI S.p.A.
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          &#160;
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          (Registrant)
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            &#160;
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            &#160;
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        <td style="width: 3%">

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            &#160;
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            Date:
          </p>
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        <td style="width: 44%; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>FEBRUARY 8, 2019</b>
          </p>
        </td>
        <td style="width: 3%; padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt">/s/ Pasquale Natuzzi</font>
          </p>
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        <td style="width: 3%">

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        <td style="width: 47%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt">Pasquale Natuzzi</font>
          </p>
        </td>
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</SEC-DOCUMENT>
