SANTERAMO IN COLLE, (BA), Italy--(BUSINESS WIRE)--Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or “the Company”), today announced that, as a result of its failure to timely file its Annual Report on Form 20-F for the fiscal year ended December 31, 2015 (the “Form 20-F”), on May 18, 2016, Natuzzi received a notice from the New York Stock Exchange (“NYSE”) indicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual.
As previously disclosed in its Notification of Late Filing on Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on April 29, 2016 and the Notification of Late Filing on Form 12b-25/A filed with the SEC on May 12, 2016, the Company delayed filing its Form 20-F until after the extended due date of May 17, 2016 in order to give management additional time to complete its assessment of the Company’s internal control over financial reporting.
As previously disclosed in its Form 6-K filed with the SEC on May 23, 2016, since receiving the notice, the Company has filed the Form 20-F with the SEC. Accordingly, the Company is now in compliance with the NYSE’s continued listing requirements.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. designs, manufactures and sells a broad collection of couches, armchairs, home furniture and home accessories. With consolidated revenues of €488.5 million in 2015, Natuzzi is Italy’s largest furniture house and the player with the greatest global reach in its sector, with eight manufacturing plants, twelve commercial offices and more than 1,100 points of sale worldwide. Ethics and social responsibility, innovation, industrial know-how and integrated management of its value chain represent the points of strength that have made the Natuzzi Group a market leader and established Natuzzi as the most recognized furniture brand in the world among consumers of luxury goods. Natuzzi S.p.A. has been listed on the New York Stock Exchange since May 1993. The Company is ISO 9001 and 14001 certified.