UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2023
Commission File Number 001-36671
Atento S.A.
(Translation of Registrant's name into English)
1, rue Hildegard Von Bingen, 1282, Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive office)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F: x Form 40-F: o
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes: o No: x
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: o No: x
Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities
are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the
registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Atento S.A. (NYSE: ATTO,
"Atento" or the "Company"), one of the world's largest customer relationship management and business process outsourcing
(CRM / BPO) service providers and an industry leader in Latin America, announced today that it received notification from the New York
Stock Exchange (“NYSE”) that the NYSE has initiated proceedings to delist Atento’s ordinary shares from the NYSE. The
NYSE initiated the delisting proceedings after determining that the average market capitalization of Atento’s ordinary shares fell
below $15 million over a 30 trading-day period under Section 802.01B of the NYSE Listed Company Manual. The NYSE also indefinitely suspended
trading of Atento’s ordinary shares effective July 21, 2023. Atento does not intend to appeal the NYSE’s determination.
Atento’s ordinary
shares are expected to be quoted on the appropriate tier of the over-the-counter (“OTC”) market. The Company’s ticker
symbol on the OTC will remain “ATTO”.
The delisting will only
affect the shares of Atento S.A. at a holding company level and so will not affect business operations. Atento will continue to have reporting
obligations under the Securities Exchange Act of 1934, as amended.
Atento has issued a press
release announcing the delisting notification, a copy of which is filed as Exhibit 99.1 to this Report.
Forward-Looking Statements
This report contains forward-looking statements. Forward-looking
statements can be identified by the use of words such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "intends," "continue"
or similar terminology. These statements reflect only Atento’s current expectations and are not guarantees of future events. These
statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those contained
in the forward-looking statements. Such risks and uncertainties include, but are not limited to: the trading price and volatility of the
Atento’s common stock and warrants and the effects of the expected delisting from the NYSE; actions by Atento’s lenders
and other financing sources, including any creditor actions that could impact Atento’s operations; Atento’s ability to improve
its capital structure and to address its debt service obligations through the proposed restructuring transaction, including potential
adverse effects of any potential bankruptcy proceedings on Atento's liquidity and results of operations; Atento’s future cash requirements;
competition in Atento’s highly competitive industries; increases in the cost of voice and data services or significant interruptions
in these services; Atento’s ability to keep pace with its clients’ needs for rapid technological change and systems availability;
the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of any key clients; the
effects of global economic trends on the businesses of Atento’s clients; the non-exclusive nature of Atento’s client contracts
and the absence of revenue commitments; security and privacy breaches of the systems Atento uses to protect personal data; the cost of
pending and future litigation; the cost of defending Atento against intellectual property infringement claims; extensive regulation affecting
many of Atento’s businesses; Atento’s ability to protect its proprietary information or technology; service interruptions
to Atento’s data and operation centers; Atento’s ability to retain key personnel and attract a sufficient number of qualified
employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where Atento operates;
changes in foreign exchange rates; Atento’s ability to complete future acquisitions and integrate or achieve the objectives of its
recent and future acquisitions; future impairments of Atento’s substantial goodwill, intangible assets, or other long-lived assets;
and Atento’s ability to recover consumer receivables on behalf of its clients. Atento is also subject to other risk factors described
in documents filed by the Company with the United States Securities and Exchange Commission. These forward-looking statements speak only
as of the date on which the statements were made. Atento undertakes no obligation to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise.
SIGNATURES
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.
Date: July 21, 2023 |
ATENTO S.A.
By: /s/ Dimitrius Oliveira
Name: Dimitrius Oliveira
Title: Chief Executive Officer |
Exhibit 99.1
Press release dated 21 July 2023
![](https://www.sec.gov/Archives/edgar/data/1606457/000129281423003133/atto202307216k_001.jpg)
Atento Announces Delisting
from NYSE;
Delisting expected in Restructuring Plan
| · | Delisting is contemplated by the previously announced comprehensive financial
restructuring plan aimed at optimizing financial and operational efficiency and driving long-term growth. |
| · | Delisting affects only the shares of Atento S.A. at a holding company
level so will not affect business operations. |
New York, July 21, 2023
- Atento S.A. (NYSE: ATTO, "Atento" or the "Company"), one of the world's largest providers of customer relationship
and business process outsourcing (CRM/BPO) services and an industry leader in Latin America, today announced that it received notification
from the New York Stock Exchange (“NYSE”) that the NYSE has initiated proceedings to delist Atento’s ordinary shares
from the NYSE. The NYSE initiated the delisting proceedings after determining the average market capitalization of Atento’s ordinary
shares fell below $15 million over a 30 trading-day period under Section 802.01B of the NYSE Listed Company Manual. The NYSE also indefinitely
suspended trading of Atento’s ordinary shares effective July 21, 2023. Atento does not intend to appeal the NYSE’s determination.
Atento’s ordinary shares are expected
to be quoted on the appropriate tier of the over-the-counter (“OTC”) market. The Company’s ticker symbol on the OTC
will remain “ATTO”.
The delisting will only affect the shares
of Atento S.A. at a holding company level and so will not affect business operations. Atento will continue to have reporting obligations
under the Securities Exchange Act of 1934, as amended.
The delisting is contemplated as part of the
comprehensive financial restructuring plan to significantly deleverage Atento’s balance sheet, set out in the restructuring support
agreement entered into by Atento and certain of its financial stakeholders, previously announced on 3 July 2023. The restructuring plan
provides for interim financing to a comprehensive financial restructuring aimed at optimizing financial and operational efficiency and
driving long-term growth.
About Atento
Atento is the largest provider
of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America and one of the
leading providers worldwide. Atento is also one of the leading providers of nearshoring CRM BPO services for companies operating in the
United States. Since 1999, the Company has developed its business model in 16 countries, employing approximately 135,000 people. Atento
has more than 400 clients, offering a wide range of CRM BPO services through multiple channels. Atento’s clients are mostly leading
multinational companies in telecommunications, banking and financial services, healthcare, retail and public administration sectors. In
2019, Atento was named one of the 25 best multinational companies in the world and one of the best multinationals to work for in Latin
America by Great Place to Work®. In addition, in 2021, Everest named Atento as a “star performer”. Gartner has named the
Company two consecutive years a leader in its Magic Quadrant since 2021. For more information visit www.atento.com
Media Contact
press@atento.com
Forward-Looking Statements
This press release contains
forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends,"
"continue" or similar terminology. These statements reflect only Atento’s current expectations and are not guarantees
of future events. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially
from those contained in the forward-looking statements. Such risks and uncertainties include, but are not limited to: the trading price
and volatility of the Atento’s common stock and warrants and the effects of the expected delisting from the NYSE; actions by
Atento’s lenders and other financing sources, including any creditor actions that could impact Atento’s operations; Atento’s
ability to improve its capital structure and to address its debt service obligations through the proposed restructuring transaction, including
potential adverse effects of any potential bankruptcy proceedings on Atento's liquidity and results of operations; Atento’s future
cash requirements; competition in Atento’s highly competitive industries; increases in the cost of voice and data services or significant
interruptions in these services; Atento’s ability to keep pace with its clients’ needs for rapid technological change and
systems availability; the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of
any key clients; the effects of global economic trends on the businesses of Atento’s clients; the non-exclusive nature of Atento’s
client contracts and the absence of revenue commitments; security and privacy breaches of the systems Atento uses to protect personal
data; the cost of pending and future litigation; the cost of defending Atento against intellectual property infringement claims; extensive
regulation affecting many of Atento’s businesses; Atento’s ability to protect its proprietary information or technology; service
interruptions to Atento’s data and operation centers; Atento’s ability to retain key personnel and attract a sufficient number
of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where
Atento operates; changes in foreign exchange rates; Atento’s ability to complete future acquisitions and integrate or achieve the
objectives of its recent and future acquisitions; future impairments of Atento’s substantial goodwill, intangible assets, or other
long-lived assets; and Atento’s ability to recover consumer receivables on behalf of its clients. Atento is also subject to other
risk factors described in documents filed by the Company with the United States Securities and Exchange Commission. These forward-looking
statements speak only as of the date on which the statements were made. Atento undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future events or otherwise.
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