Zayo Group Holdings, Inc. (NYSE:ZAYO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Zayo Group Holdings, Inc. (NYSE:ZAYO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December5, 2018, Zayo Group, LLC (“ZGL”) entered into an amendment of employment agreement (the "Amendment") with Matt Steinfort, the Chief Financial Officer of ZGL and Zayo Group Holdings,Inc. (“ZGH” and, together with ZGL, the “Company”), to effect certain amendments to Mr.Steinfort’s Amended and Restated Employment Agreement dated October23, 2018 (the "Employment Agreement"). The Amendment amends the Employment Agreement to eliminate all of Mr.Steinfort’s incentive cash bonus compensation (totaling an annual target of $300,000) and increasing Mr.Steinfort’s total annual restricted stock unit target from $3,460,000 to $4,260,000. Except as described above, the terms of the Employment Agreement have not otherwise been materially amended.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed herewith as Exhibit10.1, and is incorporated herein by reference.

Item 5.02.Financial Statements and Exhibits

(a)Exhibits.The following exhibit is filed with this Form 8‑K:

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 hereunto duly authorized.

Zayo Group Holdings,Inc.

By:

/s/ Matt Steinfort

Name:Matt Steinfort

Title:Chief Financial Officer

DATED:December7, 2018


ZAYO GROUP LLC Exhibit
EX-10.1 2 ex-10d1.htm EX-10.1 zgh_Ex10_1 Exhibit 10.1 FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT This First Amendment to Amended and Restated Employment Agreement (this “Amendment”) is made and entered into effective December 5,…
To view the full exhibit click here

About Zayo Group Holdings, Inc. (NYSE:ZAYO)

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. Its products and services enable high-bandwidth applications, such as cloud-based computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016 the Company owned fiber networks in 300 metro markets, including metro areas, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro areas, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Company also provides its network-neutral colocation and interconnection services utilizing its own data centers.

An ad to help with our costs