$NTZ

Natuzzi S.p.A. (NTZ) has signed a definitive agreement with a candidate for CEO, pending shareholder approval. The candidate has extensive experience in business transformation and strategic redirection. The company expects to disclose the candidate's identity by the end of August 2026. Natuzzi's board believes the candidate's experience aligns with the company's current priorities, including strengthening competitiveness and operational performance.

Natuzzi S.p.A. (NYSE: NTZ) reported 1Q 2026 net sales of €59.5 million, down from €78.1 million in 1Q 2025, with gross margin at 32.9% versus 34.1%. It posted an operating loss of €2.0 million and cash of €13.8 million at March 31, 2026. The company launched an industrial reorganization, including plant reductions and production transfer to Romania, and noted NYSE delisting risk if average market cap stays below $15 million.

Natuzzi S.p.A. announced that the New York Stock Exchange has accepted its plan to regain compliance with NYSE continued listing standards. The company had fallen below market capitalization and shareholders' equity thresholds and now has 18 months, until July 6, 2027, to restore compliance. While the acceptance avoids immediate delisting, the company still faces potential delisting if it fails to meet the standards or make consistent progress.

Natuzzi S.p.A. announced that the NYSE accepted its plan to regain compliance with continued listing standards regarding market capitalization and shareholders' equity. The company has until July 6, 2027, to meet these standards, with periodic reviews by the NYSE. Failure to comply could result in delisting proceedings.

Natuzzi S.p.A. shareholders met and decided to postpone a decision on reducing the company's share capital, following reported losses. The matter will be revisited after the approval of financial statements for the year ended December 31, 2025. Additionally, shareholders ratified the appointment of Pietro Labriola as a non-executive director, whose term will last until the approval of the company's financial statements as of December 31, 2026.