PAUL S. MICHAELS - Corporate Board Profile

COTY INC.

Filing Date	Source Excerpt
2015-09-22	Paul S. Michaels joined the Board of Directors of Coty Inc. in June 2015. Prior to joining Coty Inc., Paul S. Michaels served as the President of Mars, Incorporated, parent company of William Wrigley Jr. Co., from January 2004 to January 2015. Mr. Michaels began his career at The Procter & Gamble Company and later moved to Johnson & Johnson, where he spent 15 years building many of the company’s flagship brands. Mr. Michaels holds a Bachelor of Arts from the University of Notre Dame. We believe Mr. Michaels is well qualified to serve as a member of our Board. Mr. Michael’s expertise and creativeness in working with global brands in the consumer goods industry, will be critical to his ability to identify, understand and address challenges and opportunities that we will face. Annual Cash Compensation for Board Service Each non-employee director except the Chairman of our Board ("Chairman") and the Chair of the AFC ("AFC Chair") is entitled to receive a cash retainer fee of $100,000 annually, payable in November. The Chairman is entitled to receive a cash retainer fee of $400,000 annually and the AFC Chair is entitled to receive a cash retainer fee of $130,000 annually. Mr. Becht served as Chairman in fiscal 2015 and Mr. Singer served as AFC Chair in fiscal 2015. Annual Restricted Stock Unit Grant Each non-employee director except the Chairman is entitled to receive an annual grant of 10,000 RSUs under the 2007 Stock Plan for Directors. The Chairman is entitled to receive an annual grant of 30,000 RSUs. Each RSU vests on the fifth anniversary of the grant date, subject to acceleration upon termination of service due to retirement, death or disability or upon a change in control, and represents the right to receive one share of Class A Common Stock following vesting. Non-Employee Directors The following table sets forth compensation information for our non-employee directors in fiscal 2015. Mr. Becht remains a non-employee director, although he has also been serving as the interim CEO since September 2014. He will continue to be compensated as a non-employee director during his service as interim CEO.
2016-09-22	Paul S. Michaels joined the Board in June 2015. Prior to joining Coty, Paul S. Michaels served as the President of Mars, Incorporated, a manufacturer of food products and parent company of William Wrigley Jr. Co., from January 2004 to January 2015. Mr. Michaels began his career at P&G and later moved to Johnson & Johnson, where he spent 15 years building many of the company’s flagship brands. Mr. Michaels holds a Bachelor of Arts from the University of Notre Dame. We believe Mr. Michaels is well qualified to serve as a member of our Board. Mr. Michael’s expertise and creativeness in working with global brands in the consumer goods industry, is critical to his ability to identify, understand and address challenges and opportunities that we face. Annual Cash Compensation for Board Service Each non-employee director except the Chairman of our Board ("Chairman") and the Chair of the AFC ("AFC Chair") is entitled to receive a cash retainer fee of $100,000 annually, payable in November. The Chairman is entitled to receive a cash retainer fee of $400,000 annually and the AFC Chair is entitled to receive a cash retainer fee of $130,000 annually. Mr. Becht served as Chairman in fiscal 2016 and Mr. Singer served as AFC Chair in fiscal 2016. The following table sets forth compensation information for our non-employee directors in fiscal 2016. Paul S. Michaels 100,000 281,200 381,200
2017-09-28	Paul S. Michaels joined the Board in June 2015. ... The RNC members are Paul S. Michaels and Erhard Schoewel (Chair). ... Paul S. Michaels Fees Earned or Paid in Cash: $100,000, Stock Awards: $179,000, Option Awards: None, Total: $279,000.
2019-09-25	The RNC members are Peter Harf, Paul S. Michaels and Erhard Schoewel (Chair). Paul S. Michaels compensation: $187,100.
2020-09-24	Paul S. Michaels joined the Board in 2015. ... The RNC has adopted a written charter that describes its primary duties and responsibilities, and the RNC and our Board review the RNC’s charter each year. ... The following table sets forth compensation information for our non-employee directors in fiscal year 2020. ... Paul S. Michaels 100,000 Fees Earned or Paid in Cash, 119,100 Stock Awards, Total 219,100.