NATUZZI S P A

Natuzzi S.p.A. has signed a commitment letter with a candidate for the Chief Executive Officer position. The company believes the candidate's extensive international experience will be valuable for its ongoing restructuring process and long-term strategic development. Natuzzi will provide further updates to the market as developments occur.

Natuzzi S.p.A. reported a challenging first quarter 2026, with total net sales decreasing 23.8% to €59.5 million and an operating loss of €2.0 million. Amid a persistently difficult market, the company initiated a comprehensive industrial reorganization, including reducing Italian operating plants, voluntary employee exits, and relocating Natuzzi Editions production to Romania. The company also faces a potential delisting from the NYSE due to its market capitalization falling below the $15 million threshold.

Natuzzi S.p.A. has announced the timing for the disclosure of its unaudited 2026 first quarter financial information. The company will release the results on Wednesday, August 5, 2026, after the New York Stock Exchange closes. A conference call to discuss these financials is scheduled for Thursday, August 6, 2026, at 12:15 p.m. U.S. Eastern time, with dial-in and webcast options provided.

Natuzzi S.p.A. announced the resignation of Pietro Labriola from its board of directors, effective May 29, 2026. Labriola, who served as a non-executive director since July 2025, cited increased professional commitments as the reason for his departure, emphasizing it was not related to the company's business challenges. Executive Chairman Pasquale Natuzzi thanked Labriola for his valuable contributions during a demanding transition period.

Natuzzi S.p.A. announced that the New York Stock Exchange (NYSE) accepted its plan to regain compliance with continued listing standards. The company had previously received a notice on January 6, 2026, for non-compliance with market capitalization and shareholders' equity requirements. Natuzzi aims to regain compliance by July 6, 2027, but there is no assurance it will succeed.

Natuzzi S.p.A. announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission. The Annual Report is available on the company's investor relations website, and shareholders can request a free hard copy.

Natuzzi S.p.A. reported a significant widening of its Q4 2025 loss to €15.5 million, compared to a €3.9 million loss in Q4 2024, despite a 3.4% increase in net sales to €77.5 million. The gross margin declined to 30.2% due to a production shift and impairments. Facing persistent macroeconomic headwinds and declining consumer demand, Natuzzi has initiated an out-of-court negotiated composition proceeding (CNC) for financial and operational rebalancing and is pursuing capital strengthening with a potential Italian institutional investor.

Natuzzi S.p.A. announced that it has filed a Form 12b-25 with the Securities and Exchange Commission. This filing indicates a delay in the submission of its Annual Report on Form 20-F for the fiscal year ended December 31, 2025.