AMERICAN TOWER CORPORATION (NYSE:AMT) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
notified the Corporate Secretary and the Board of Directors (the
Board) of American Tower Corporation (the Company) of her
decision to not stand for re-election at the Companys 2017 Annual
Meeting of Stockholders (the Annual Meeting). Ms. Katzs decision
to not stand for re-election did not involve any disagreements
with the Company. Ms. Katz is currently a member of the Audit
Committee and will continue her service on such committee until
the Annual Meeting.
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Item 8.01
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Other Events.
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(the Press Release) announcing that the Board declared a cash
distribution of $0.62 per share on shares of the Companys common
stock, payable on April 28, 2017 to such stockholders of record
at the close of business on April 12, 2017. A copy of the Press
Release is filed herewith as Exhibit 99.1.
amendment (the Amendment) to the Companys 2007 Equity Incentive
Plan (the Plan) to restrict the Companys ability to purchase
underwater Options or Stock Appreciation Rights (each as defined
in the Plan). The Amendment became effective on the date of
adoption. The foregoing is qualified in its entirety by reference
to the Amendment, which is filed herewith as Exhibit 10.1, and
incorporated herein by reference.
Company entered into an amended and restated letter agreement
with William H. Hess, which replaces in its entirety the original
letter agreement in connection with his assignment as Executive
Vice President, International Operations and President, Latin
America and EMEA. On March 7, 2017, the Company entered into a
two-year letter agreement with Steven C. Marshall in connection
with his assignment as Executive Vice President and President of
the Companys U.S. Tower Division. In addition to terms consistent
with the benefits provided to other executive officers, the new
letter agreements continue to provide certain benefits related to
Messrs. Hesss and Marshalls status as expatriates, including
housing, goods and services and car allowances, consistent with
the Companys expatriate program. The foregoing is qualified in
its entirety by reference to the new letter agreements, which are
filed herewith as Exhibits 10.2 and 10.3, respectively, and
incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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10.1
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Amendment to American Tower Corporation 2007 Equity
Incentive Plan. |
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10.2
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Amended and Restated Letter Agreement, dated February
27, 2017, by and between the Company and William H. Hess. |
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10.3
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Letter Agreement, dated as of March 7, 2017, by and
between the Company and Steven C. Marshall. |
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99.1
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Press Release, dated March 9, 2017.
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About AMERICAN TOWER CORPORATION (NYSE:AMT)
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. Its U.S. property segment includes operations in the United States. Its Asia property segment includes operations in India. The EMEA property segment includes operations in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes operations in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. Its services segment offers tower-related services in the United States. AMERICAN TOWER CORPORATION (NYSE:AMT) Recent Trading Information
AMERICAN TOWER CORPORATION (NYSE:AMT) closed its last trading session down -0.24 at 114.02 with shares trading hands.
