Report of Foreign Issuer (6-k)
May 17 2018 - 8:40AM
Edgar (US Regulatory)
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF MAY 2018
TIM S.p.A.
(Translation of registrants name into English)
Via Gaetano Negri 1
20123 Milan, Italy
(Address of principal executive offices)
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 ☒ FORM
40-F ☐
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): ☐
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): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of 1934.
YES ☐ NO ☒
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-
Press Release
TIM:
VIVENDIS DIRECTION AND COORDINATION CEASES
Board of Directors appoints internal committees
Rome, 16 May 2018
TIMs Board of Directors
today defined the governance structures, completing the process begun on 7 May.
More specifically, the Board of Directors has formed a new internal
committee focusing on the investigation and monitoring of interactions with related parties, and consequently the specific corporate procedure has been amended. Directors Morselli (Chairman), Capaldo, Cappello and Roscini will be members of this
Committee.
The members of the other Committees are as follows:
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Strategy Committee - Directors Conti, Genish, Gubitosi, de Puyfontaine, Ferrari, Sabelli
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Control and Risk Committee Directors Giannotti (Chairman), Gubitosi, Ferrari, Moretti
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Nomination and Remuneration Committee Directors Altavilla (Chairman), Bonomo, Sabelli, Valensise
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The
Board has also decided the remuneration to be assigned to the directors and committee members, achieving savings compared with the previous levels of Board remuneration.
With the Chairman of the Board classified as an independent director, the body chose not to appoint a Lead Independent Director, instead updating the
Companys Corporate Governance Principles to reflect this change.
The new versions of these Principles and the Procedure for performing transactions
with related parties will be published on the Companys website
www.telecomitalia.com
.
Chairman Fulvio Conti comments
:
The composition of the Committees, the deliberations on corporate governance issues and the savings in the Directors remuneration confirm the process started by this Board towards TIMs trasformation into a public company,
focused on achieving the results disclosed to the market.
Finally, the Board of Directors has deemed that Vivendi is no longer a party
exercising direction and coordination over TIM and therefore terminated the previous direction and coordination activity.
The CEO has taken interim
responsibility of the Procurement Unit & Real Estate department.
TIM Press Office
+39 06 3688 2610
www.telecomitalia.com/media
Twitter: @TIMnewsroom
TIM Investor Relations
www.telecomitalia.com/investor_relations
Cautionary Statement for Purposes of the Safe Harbor Provisions of the United States Private
Securities Litigation Reform Act of 1995.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking
statements. The Groups interim report as of and for the twelve months ended December 31, 2017 included in this Form
6-K
contains certain forward-looking statements. Forward-looking statements are
statements that are not historical facts and can be identified by the use of forward-looking terminology such as believes, may, is expected to, will, will continue, should,
seeks or anticipates or similar expressions or the negative thereof or other comparable terminology, or by the forward- looking nature of discussions of strategy, plans or intentions.
Actual results may differ materially from those projected or implied in the forward-looking statements. Such forward-looking information is based on certain
key assumptions which we believe to be reasonable but forward-looking information by its nature involves risks and uncertainties, which are outside our control, that could significantly affect expected results.
The following important factors could cause our actual results to differ materially from those projected or implied in any
forward-looking
statements:
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1.
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our ability to successfully implement our strategy over the 2018-2020 period;
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2.
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the continuing effects of the global economic crisis in the principal markets in which we operate, including, in particular, our core Italian market;
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3.
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the impact of regulatory decisions and changes in the regulatory environment in Italy and other countries in which we operate;
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4.
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the impact of political developments in Italy and other countries in which we operate;
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5.
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our ability to successfully meet competition on both price and innovation capabilities of new products and services;
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6.
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our ability to develop and introduce new technologies which are attractive in our principal markets, to manage innovation, to supply value added services and to increase the use of our fixed and mobile networks;
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7.
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our ability to successfully implement our internet and broadband strategy;
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8.
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our ability to successfully achieve our debt reduction and other targets;
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9.
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the impact of fluctuations in currency exchange and interest rates and the performance of the equity markets in general;
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10.
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the outcome of litigation, disputes and investigations in which we are involved or may become involved;
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11.
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our ability to build up our business in adjacent markets and in international markets (particularly in Brazil), due to our specialist and technical resources;
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12.
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our ability to achieve the expected return on the investments and capital expenditures we have made and continue to make in Brazil;
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13.
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the amount and timing of any future impairment charges for our authorizations, goodwill or other assets;
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14.
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our ability to manage and reduce costs;
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15.
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any difficulties which we may encounter in our supply and procurement processes, including as a result of the insolvency or financial weaknesses of our suppliers; and
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16.
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the costs we may incur due to unexpected events, in particular where our insurance is not sufficient to cover such costs.
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The foregoing factors should not be construed as exhaustive. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date
hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
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: May 17, 2018
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TIM S.p.A.
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BY:
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/s/ Umberto Pandolfi
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Umberto Pandolfi
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Company Manager
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Telcom Italia (PK) (USOTC:TIAOF)
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