<SEC-DOCUMENT>0001157523-20-000570.txt : 20200427
<SEC-HEADER>0001157523-20-000570.hdr.sgml : 20200427
<ACCEPTANCE-DATETIME>20200427060041
ACCESSION NUMBER:		0001157523-20-000570
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200425
FILED AS OF DATE:		20200427
DATE AS OF CHANGE:		20200427

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:		20817061

	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>a52209828.htm
<DESCRIPTION>NATUZZI S.P.A. 6-K
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    <div>&#160;</div>
    <div style="text-align: center;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">Securities and Exchange Commission</font><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">Washington, D.C. 20549</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><br>
      <font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold; font-size: 16pt;">Form 6-K</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><br>
      <font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif;">Report of Foreign Issuer</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif;">Pursuant To Rule 13a-16 Or 15d-16</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif;">Of The</font><font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif;">Securities Exchange Act of 1934</font></div>
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            <div style="font-family: 'Times New Roman',Times,serif;">For the month of <font style="font-weight: bold;">APRIL 2020</font></div>
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          <td style="width: 50.01%; vertical-align: top;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">Commission File Number 1-11854</div>
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            <div>&#160;</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">NATUZZI S.p.A.</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Translation of registrant&#8217;s name into English)</div>
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            <div>&#160;</div>
            <div style="text-align: center;">Via Iazzitiello 47<font style="font-family: 'Times New Roman',Times,serif;"><br>
              </font>70029 Santeramo, Italy</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Address of principal office)</div>
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    <div style="text-indent: 22.5pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font>Form 20-F &#9746; Form 40-F &#9744;</div>
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    <div>&#160;</div>
    <div style="text-indent: 22.5pt;">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 &#9744; No &#9746;</div>
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    <div>&#160;</div>
    <div style="text-indent: 22.5pt;">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):<font style="font-family: 'Times New Roman',Times,serif;"><br>
      </font></div>
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      <div class="bw-release">
        <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <font style="font-weight: bold;">Natuzzi S.p.A. Received Continued Listing Standard Notice From the NYSE </font></h1>
        <font style="font-weight: bold;"> </font>
        <div class="bw-release-subhead"><font style="font-weight: bold;"> </font>
          <p style="text-align: center; list-style-position: inside; font-weight: normal;"><font style="font-weight: bold;"> </font><b>The Company Notified the NYSE That It Does Not Intend to Regain Compliance Within the Prescribed Timeframe</b> </p>
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            <p style="font-weight: normal;">SANTERAMO IN COLLE, Italy--(BUSINESS WIRE)--April 25, 2020--Natuzzi S.p.A. (NYSE:NTZ) (&#8220;Natuzzi&#8221; or the &#8220;Company&#8221;) announced today that on April 7, 2020 it received notice from the New York Stock Exchange, Inc.
              (the &#8220;NYSE&#8220;) that the Company is no longer in compliance with one of the NYSE&#8217;s continued listing standards for a listed company because the average closing price of the Company&#8217;s American Depositary Receipts (&#8220;ADRs&#8221;) was less than US$1.00
              over a consecutive 30-trading day-period (the &#8220;Dollar Price Standard&#8221;). </p>
            <p style="font-weight: normal;"> NYSE notified the Company that its ADRs would be delisted if it is not able to comply with the Dollar Price Standard within the applicable cure period. As of April 6, 2020, the average closing price of Natuzzi&#8217;s
              ADRs over the preceding consecutive 30 trading-day period was US$ 0.78 per ADR. The issuance of the notification is not discretionary and is sent automatically when a listed company&#8217;s share price falls below the Dollar Price Standard. </p>
            <p style="font-weight: normal;"> The Company can regain compliance at any time during the cure period if, on the last trading day of any calendar month during the cure period, the Company has a closing share price of at least US$1.00 and an
              average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that the Company is not in compliance with the Dollar Price Standard at the end of the cure period, the
              Company expects that the NYSE will commence suspension and delisting procedures. Until then, the Company&#8217;s shares are expected to continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing standards.
            </p>
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            <p style="font-weight: normal;"> A delisting from the NYSE is not expected to affect the Company&#8217;s business operations and is not expected to conflict with or cause an event of default under any of the Company&#8217;s material debt or other
              agreements. </p>
            <p style="font-weight: normal;"> Since March 17, 2020, the Company has also not been in compliance with the NYSE&#8217;s continued listing standard set forth in Section 802.01(b) of the NYSE Listed Company Manual, which requires the Company to
              maintain an average global market capitalization of not less than US$15 million over a consecutive 30-trading day period (the &#8220;Capitalization Standard&#8221;). </p>
            <p style="font-weight: normal;"> In response to the COVID-19 outbreak, the NYSE has suspended the application of the Dollar Price Standard and of the Capitalization Standard until June 30, 2020. In light of this, the cure period for the Company
              to regain compliance with the Dollar Price Standard will expire on December 16, 2020. However, the Company&#8217;s current capitalization (equal to US$ 6.0 million as of April 24, 2020) suggests that the NYSE may commence proceedings to delist the
              Company&#8217;s ADRs from the NYSE within 30 trading days of the expiration of the suspension period of the Capitalization Standard, regardless of any action taken by the Company to cure its non-compliance with the Dollar Price Standard prior to
              the expiration of the cure period for the Dollar Price Standard. Therefore, the Company notified the NYSE on April 21, 2020 that it does not currently intend to take any action in connection with its non-compliance with the Dollar Price
              Standard. The Company may reconsider this in the future if, among other things, its global market capitalization has risen above US$15 million following the Covid-19 suspension </p>
            <p style="text-align: center; list-style-position: inside; font-weight: normal;"> ***** </p>
            <p> <font style="font-weight: normal;"><i>This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such
                  offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any such securities have not been registered under the U.S. Securities Act of 1933 (as amended, the
                  &#8220;Securities Act&#8221;) and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.</i></font> </p>
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            <p> <font style="font-weight: bold;"><u>CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS </u></font><font style="font-weight: bold;"> </font></p>
            <font style="font-weight: bold;"> </font>
            <p><font style="font-weight: bold;"> </font><font style="font-weight: normal;"><i>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 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 SEC, 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.</i></font> </p>
            <p> <font style="font-weight: bold;">About Natuzzi S.p.A.</font><font style="font-weight: bold;"> </font></p>
            <font style="font-weight: bold;"> </font>
            <p><font style="font-weight: bold;"> </font><font style="font-weight: normal;"><i>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 European 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&#174; certified (Forest Stewardship Council).</i></font> </p>
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            <h2 style="font-size: 14pt; font-weight: bold;">Contacts</h2>
            <font style="font-weight: bold;"> </font>
            <p><font style="font-weight: bold;"> </font><font style="font-weight: normal;"><font style="font-weight: bold;">NATUZZI INVESTOR RELATIONS <br>
                </font>Piero Direnzo | tel. +39.080.8820.812 | pdirenzo@natuzzi.com </font></p>
            <p> <font style="font-weight: normal;">NATUZZI CORPORATE COMMUNICATION <br>
                Vito Basile (Press Office) | tel. +39.080.8820.676 | vbasile@natuzzi.com </font></p>
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    <div style="text-align: center; font-weight: bold;"> <br>
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    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">SIGNATURES</div>
    <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div>&#160;</div>
    <div style="text-indent: 22.5pt;">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.</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">NATUZZI S.p.A.</div>
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          <td style="width: 3%; vertical-align: middle;" rowspan="1">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Registrant)</div>
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          <td style="width: 3%; vertical-align: middle;">&#160;</td>
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            <div style="font-family: 'Times New Roman',Times,serif;">Date:</div>
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            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">APRIL 25, 2020</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">By:</div>
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          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">/s/ Pasquale Natuzzi</div>
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          <td style="width: 1%; vertical-align: middle;">&#160;</td>
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          <td style="width: 47%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Pasquale Natuzzi</div>
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