Current Report Filing (8-k)
April 15 2020 - 7:01AM
Edgar (US Regulatory)
0001001250
false
ESTEE LAUDER COMPANIES INC
0001001250
2020-04-12
2020-04-13
iso4217:USD
xbrli:shares
iso4217:USD
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR
15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 13, 2020
The Estée Lauder Companies Inc.
(Exact name of registrant as specified in
its charter)
Delaware
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1-14064
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11-2408943
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(State or other jurisdiction of
incorporation)
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(Commission File
Number)
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(IRS Employer Identification No.)
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767 Fifth Avenue, New York, New York
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10153
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(Address of
principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code
212-572-4200
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Class A Common Stock, $.01 par value
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EL
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On April 15, 2020, The Estée Lauder Companies
Inc. (the “Company”) announced that effective May 1, 2020 and continuing through October 31, 2020, the base salary
for each of the Company’s Named Executive Officers will be reduced as follows:
Named Executive Officer
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Base Salary
Reduced by:
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William P. Lauder, Executive Chairman
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50
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%
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Fabrizio Freda, President and Chief Executive Officer
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50
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%
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Tracey T. Travis, Executive Vice President and
Chief Financial Officer
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30
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%
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John Demsey, Executive Group President
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30
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%
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Cedric Prouvé, Group President - International
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30
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%
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The Company’s press release dated April
15, 2020 contains additional information about compensation matters concerning other Executive Officers as well as the Board of
Directors.
Item 8.01 Other Events
The Company’s press release dated April 15, 2020, concerning
an update on initiatives related to COVID-19, is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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 hereunto duly authorized.
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THE
ESTÉE LAUDER COMPANIES INC.
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Date:
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April
15, 2020
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By:
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/s/
Tracey T. Travis
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Tracey T. Travis
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Executive Vice President and Chief Financial
Officer
(Principal Financial and Accounting Officer)
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