Revlon : Management Change/Compensation (Form 8-K)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 28, 2021, Beril Yildiz was elected Vice President, Chief Accounting Officer & Controller for Revlon, Inc. ("Revlon") and its wholly owned operating subsidiary, Revlon Consumer Products Corporation ("RCPC," and together with Revlon, the "Company").

Prior to joining the Company, Ms. Yildiz, age 43, served as Director of Financial Reporting, Technical Accounting and Sarbanes-Oxley (SOX) Compliance and in various finance and accounting roles for Colgate-Palmolive Company from 2018 to 2021. Ms. Yildiz served as Senior Manager of SEC Services for PricewaterhouseCoopers ("PwC") from 2016 to 2018, and prior to that served in various roles for PwC in its New York City, Istanbul and Houston offices since 2000. Ms. Yildiz is a Certified Public Accountant, with an Executive M.B.A. from Boğaziçi University.

In connection with her joining the Company, the Company entered into an employment offer letter with Ms. Yildiz (the "Offer Letter") pursuant to which she will receive an annual base salary of $315,000, with an annual target bonus of 40% of her base salary. Ms. Yildiz will also be eligible to participate in Revlon's long-term incentive program for 2021, with a total target award amount of $100,000, subject to Revlon Compensation Committee approval, and to receive a one-time sign on bonus of $50,000. Under the Offer Letter, Ms. Yildiz is required to comply with the Company's confidentiality, non-solicit and non-compete obligations and with the Company's Code of Conduct and Business Ethics policy as well as Revlon's Confidentiality of Information and Securities Trading policy.

Ms. Yildiz does not have any family relationships with any of the Company's directors or executive officers and is not a party to any transactions listed in Item 404(a) of Regulation S-K.