Avon Products, Inc. (NYSE:AVP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Avon Products, Inc. (NYSE:AVP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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(e)As previously reported, John Higson will retire this month from his role as Executive Vice President, Chief Commercial Officer of Avon Products, Inc. (the “Company”). In connection therewith, on September 19, 2017, Mr. Higson, an employee of the Company’s German subsidiary, Avon Cosmetics GmbH (“Avon Germany”), entered into a Termination Agreement (the “Agreement”) with the Company and Avon Germany. to the Agreement, Mr. Higson’s employment will terminate on September 30, 2017 and upon such date, Mr. Higson will receive severance payments totaling EUR 1,065,674, which includes twenty-four months of salary and additional standard severance benefits.

Mr. Higson will also be eligible to receive certain other benefits in accordance with the Company’s applicable compensation and benefit plans. Mr. Higson is subject to traditional confidentiality, non-solicitation and non-competition covenants. The non-competition covenants have a term of two years and the confidentiality covenants have an indefinite term.


About Avon Products, Inc. (NYSE:AVP)

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products. The Company’s segments are based on geographic operations and include commercial business units in Latin America; Europe, Middle East and Africa, and Asia Pacific. The Company’s business is conducted primarily in one channel, direct selling. The Company’s products include Anew Clinical Overnight Hydration Mask, Anew Power Serum, Ultra Color Indulgence Lip Color, SuperExtend Winged Out Mascara, Big & False Lash Volume Mascara, Outspoken Party! by Fergie Fragrance and Avon Attraction for Him and for Her Fragrances.

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