Report of Foreign Issuer (6-k)
July 20 2018 - 5:18AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JULY 2018
TIM S.p.A.
(Translation of registrant’s name into English)
Via Gaetano Negri 1
20123 Milan, Italy
(Address of principal executive offices)
Indicate by
check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F:
FORM
20-F ☒ FORM
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the
Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule
12g3-2(b)
under the Securities Exchange Act of 1934.
YES ☐ NO ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-
Press Release
TIM:
Stefano De Angelis ends his term of office as CEO of TIM Participações (TIM Brasil) in agreement with the Company, but will remain on the subsidiary’s Board of Directors
Rome, 20 July 2018
TIM informs that Stefano De
Angelis, at the end of his two years assignment and in agreement with the Company, has resigned as CEO of TIM Participações.
The Board of
Directors of TIM Participações, in meeting held in July 19, 2018, unanimously elected Mr. Sami Foguel as the Chief Executive Officer in substitution to Mr. Stefano De Angelis.
Stefano De Angelis will continue to serve as Board member at TIM Participacões, also in order to guarantee an effective handover of
powers and support a consistent execution of the Company’s strategic goals.
TIM CEO Amos Genish said: “The Company offers its sincere thanks to
Stefano De Angelis for his leadership and the highly professional contribution he has made during his time at the helm of TIM Brasil”.
Stefano De
Angelis currently holds 4,760 Telecom Italia ordinary shares and 55,645 TIM Participações ordinary shares.
Sami Foguel currently
doesn’t hold Telecom Italia and TIM Participações ordinary shares.
Sami Foguel, who assumes the position in July 23, 2018, is
graduated in Engineering from UNICAMP and holds an MBA from the University of Michigan. His latest professional challenges were as Vice-President of Costumer Operations and Cargo Chief Officer of Azul Airlines, since 2014, and as Chief Operating
Officer at TAP Air Portugal, since 2017. In addition, he also served for five years as Vice-President of Products, Segments, CRM and Customer Experience of Banco HSBC in Brazil and for more than 10 years as Associate Partner and other positions at
Mckinsey & Company.
TIM Press Office
+39
06 3688 2610
www.telecomitalia.com/media
Twitter:
@TIMnewsroom
TIM Investor Relations
+39 06
3688 2807
www.telecomitalia.com/investor_relations
Cautionary Statement for Purposes of the “Safe Harbor” Provisions of the United States Private
Securities Litigation Reform Act of 1995.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking
statements. The Group’s interim report as of and for the three months ended March 31, 2018 included in this Form
6-K
contains certain forward-looking statements. Forward-looking statements are
statements that are not historical facts and can be identified by the use of forward-looking terminology such as “believes,” “may,” “is expected to,” “will,” “will continue,” “should,”
“seeks” or “anticipates” or similar expressions or the negative thereof or other comparable terminology, or by the forward- looking nature of discussions of strategy, plans or intentions.
Actual results may differ materially from those projected or implied in the forward-looking statements. Such forward-looking information is based on certain
key assumptions which we believe to be reasonable but forward-looking information by its nature involves risks and uncertainties, which are outside our control, that could significantly affect expected results.
The following important factors could cause our actual results to differ materially from those projected or implied in any forward-looking statements:
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our ability to successfully implement our strategy over the 2018-2020 period;
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2.
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the continuing effects of the global economic crisis in the principal markets in which we operate, including, in particular, our core Italian market;
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3.
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the impact of regulatory decisions and changes in the regulatory environment in Italy and other countries in which we operate;
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the impact of political developments in Italy and other countries in which we operate;
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5.
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our ability to successfully meet competition on both price and innovation capabilities of new products and services;
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6.
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our ability to develop and introduce new technologies which are attractive in our principal markets, to manage innovation, to supply value added services and to increase the use of our fixed and mobile networks;
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7.
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our ability to successfully implement our internet and broadband strategy;
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8.
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our ability to successfully achieve our debt reduction and other targets;
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the impact of fluctuations in currency exchange and interest rates and the performance of the equity markets in general;
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10.
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the outcome of litigation, disputes and investigations in which we are involved or may become involved;
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our ability to build up our business in adjacent markets and in international markets (particularly in Brazil), due to our specialist and technical resources;
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12.
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our ability to achieve the expected return on the investments and capital expenditures we have made and continue to make in Brazil;
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13.
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the amount and timing of any future impairment charges for our authorizations, goodwill or other assets;
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14.
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our ability to manage and reduce costs;
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15.
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any difficulties which we may encounter in our supply and procurement processes, including as a result of the insolvency or financial weaknesses of our suppliers; and
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16.
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the costs we may incur due to unexpected events, in particular where our insurance is not sufficient to cover such costs.
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The foregoing factors should not be construed as exhaustive. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date
hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
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,
thereunto duly authorized.
Date: July 20, 2018
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TIM S.p.A.
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BY: /s/ Umberto Pandolfi
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Umberto Pandolfi
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Company Manager
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