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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: October 20, 2022

(Date of earliest event reported: October 20, 2022)

 

 

 

Commission File Number  

Registrant; State of Incorporation;

Address and Telephone Number

  IRS Employer Identification No.
         
1-11178   Revlon, Inc.   13-3662955
    Delaware    
    One New York Plaza    
    New YorkNew York10004    
    212-527-4000    
         
33-59650   Revlon Consumer Products Corporation   13-3662953
    Delaware    
    One New York Plaza    
    New York, New York, 10004    
    212-527-4000    

 

 

 

CIK 0000890547
Amendment Flag False
   

Former Name or Former Address, if Changed Since Last Report: None

 

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) or 12(g) of the Act:

 

    Title of each class  

Trading

Symbol(s)

 

Name of each exchange on

which

registered

Revlon, Inc.   Class A Common Stock   REV   New York Stock Exchange
Revlon Consumer Products Corporation   None   N/A   N/A

 

Indicate by check mark whether each 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) in Rule 12b-2 of the Exchange Act.

 

  Emerging Growth Company
Revlon, Inc.  
Revlon Consumer Products Corporation  

 

If an emerging growth company, indicate by check mark if the registrants have 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On June 16, 2022, Revlon, Inc. (the “Company”) received a letter from the staff of NYSE Regulation, Inc. notifying the Company that it had determined to commence proceedings to delist the Class A common stock of the Company from the New York Stock Exchange (“NYSE”) in light of the Company’s disclosure on June 15, 2022 that it and certain of its subsidiaries had commenced voluntary petitions for reorganization under chapter 11 of the Bankruptcy Code (“Chapter 11”). The Company appealed the determination in a timely manner. On October 20, 2022, the NYSE informed the Company, and publicly announced its determination following such appeal that the Company is no longer suitable for listing on the NYSE and that the NYSE has suspended trading in the Company’s Class A common stock (NYSE ticker symbol: REV). The NYSE has informed the Company that it intends to delist the Company’s Class A common stock after completion by the NYSE of its application to the Securities and Exchange Commission.

 

As a result of the suspension and expected delisting, the Company’s Class A common stock is expected to trade on the OTC marketplace/pink sheets following the delisting.

 

A copy of the Company’s press release, dated October 20, 2022, regarding the receipt of the delisting notification from the NYSE is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Cautionary Statement Regarding Forward-Looking Information

 

Certain statements in this Current Report on Form 8-K are “forward-looking statements” made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may pertain to risks and uncertainties relating to the bankruptcy petitions, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in the bankruptcy petitions; the effects of the bankruptcy petitions on the Company and on the interests of various constituents; bankruptcy court rulings on the bankruptcy petitions and the outcome of the bankruptcy petitions in general; the length of time the Company will operate under the bankruptcy petitions; risks associated with third-party motions in the bankruptcy petitions; the potential adverse effects of the bankruptcy petitions on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; the conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; risks arising from the delisting of the Company’s Class A common stock from the NYSE as well as other risk factors set forth in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company therefore cautions readers against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit Description
99.1 Press Release dated October 20, 2022.
104 Exhibit 104 Cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

 

 2 

 

 

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.

Date: October 20, 2022

  REVLON, INC.  
       
  By: /s/ Andrew Kidd  
    Name: Andrew Kidd  
    Title: Executive Vice President, General Counsel  
       
  REVLON CONSUMER PRODUCTS CORPORATION  
       
  By: /s/ Andrew Kidd  
    Name: Andrew Kidd  
    Title: Executive Vice President, General Counsel  

 

 

 3 

EXHIBIT 99.1

 

 

revlon ANNOUNCES NEW YORK STOCK EXCHANGE’S DECISION TO DELIST ITS COMMON STOCK

 

 

NEW YORK, October 20, 2022 (BUSINESS WIRE) – Revlon, Inc. (NYSE: REV) (“Revlon” or the “Company”) today announced that on October 20, 2022, the NYSE Regulatory Oversight Committee’s Committee for Review rejected the Company's appeal and affirmed the New York Stock Exchange Staff's (“NYSE Staff”) decision to delist the Company's Class A common stock following the June 15, 2022 Chapter 11 filing by the Company and certain of its subsidiaries in the U.S. Bankruptcy Court for the Southern District of New York. Accordingly, the Company expects the NYSE Staff to make an application to the Securities and Exchange Commission (“SEC”) to delist the Company's Class A common stock in the near future. In the meantime, the NYSE has suspended trading in Revlon’s Class A common stock. The Company’s Class A common stock is expected to trade on the OTC marketplace/pink sheets following the delisting.

 

Additional information, including court filings and other documents, related to the court-supervised Chapter 11 process, is available on the Company’s restructuring website at https://cases.ra.kroll.com/Revlon, by emailing revloninfo@ra.kroll.com or by calling (855) 631-5341 (toll free) or (646) 795-6968 (international).

 

 

About Revlon, Inc.

 

Revlon has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage and celebrity fragrances. Today, Revlon's diversified portfolio of brands is sold in approximately 150 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Revlon is among the leading global beauty companies, with some of the world’s most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.

 

 

Forward-Looking Statements

 

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates", and include the timing of the Company's delisting from the NYSE and similar statements. Further information regarding these and other risks is included in Revlon's filings with the SEC, including its annual report on Form 10-K and quarterly reports on Form 10-Q. Revlon does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

 

 

For Investor Relations Inquiries:

 

212-527-4040 or investor.relations@revlon.com

 

 

For Media Inquiries:

 

Longacre Square Partners

Dan Zacchei / Joe Germani

dzacchei@longacresquare.com / jgermani@longacresquare.com