Crown Castle 8-K: Operations, Officer Changes Reported
Ticker: CCI · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1051470
| Field | Detail |
|---|---|
| Company | Crown Castle INC. (CCI) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: officer-change, financial-condition, corporate-governance
TL;DR
**Crown Castle just filed an 8-K hinting at financial updates and leadership changes, watch for details.**
AI Summary
Crown Castle Inc. filed an 8-K on January 24, 2024, reporting events that occurred on January 23, 2024. This filing indicates that the company is addressing 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'. This matters to investors because it signals potential changes in leadership and financial performance, which could impact the company's strategic direction and future stock value.
Why It Matters
This filing signals potential shifts in Crown Castle's financial health and executive team, which are critical factors for its operational stability and future growth prospects.
Risk Assessment
Risk Level: medium — The filing mentions 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers,' indicating potential financial or leadership instability that could affect the stock.
Analyst Insight
Investors should closely monitor Crown Castle's upcoming announcements for specific details regarding the reported operational results and any changes in executive leadership or compensation, as these will clarify the impact on the company's future performance and stock valuation.
Key Numbers
- 001-16441 — Commission File Number (identifies Crown Castle's registration with the SEC)
- 713-570-3000 — Business Phone Number (Crown Castle's primary contact number)
- $0.01 — par value per share (par value of Crown Castle's Common Stock)
Key Players & Entities
- Crown Castle Inc. (company) — the registrant filing the 8-K
- January 23, 2024 (date) — date of the earliest event reported
- January 24, 2024 (date) — date the 8-K was filed
- New York Stock Exchange (company) — exchange where Crown Castle's Common Stock is registered
- CCI (company) — trading symbol for Crown Castle Inc.
FAQ
What specific items are being reported in this 8-K filing by Crown Castle Inc.?
The 8-K filing by Crown Castle Inc. reports on 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', as well as 'Regulation FD Disclosure' and 'Financial Statements and Exhibits'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 23, 2024.
What is the trading symbol and the exchange where Crown Castle Inc.'s common stock is registered?
Crown Castle Inc.'s common stock has the trading symbol CCI and is registered on the New York Stock Exchange.
What is Crown Castle Inc.'s business address as stated in the filing?
Crown Castle Inc.'s business address is 8020 Katy Freeway, Houston, Texas 77024.
What is the significance of the 'Departure of Directors or Certain Officers' item in this 8-K?
The 'Departure of Directors or Certain Officers' item indicates that there may be changes in the company's leadership, which could include resignations, new appointments, or changes to executive compensation arrangements, as further detailed by 'Compensatory Arrangements of Certain Officers'.
Filing Stats: 1,058 words · 4 min read · ~4 pages · Grade level 10 · Accepted 2024-01-24 16:17:32
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value CCI New York Stock Exchange
Filing Documents
- cci-20240123.htm (8-K) — 36KB
- q42023earningsrelease.htm (EX-99.1) — 772KB
- q42023supplement.htm (EX-99.2) — 2222KB
- affogrowth4q202301181245.jpg (GRAPHIC) — 312KB
- chart-2b82d262063d4167869.jpg (GRAPHIC) — 128KB
- chart-5b1d4cafe12b454e8f6.jpg (GRAPHIC) — 65KB
- chart-72cf62d24c14494e901.jpg (GRAPHIC) — 8KB
- coverpage.jpg (GRAPHIC) — 160KB
- logoa61.jpg (GRAPHIC) — 16KB
- map.jpg (GRAPHIC) — 806KB
- revenuegrowth4q202301181245.jpg (GRAPHIC) — 274KB
- 0001051470-24-000030.txt ( ) — 5798KB
- cci-20240123.xsd (EX-101.SCH) — 3KB
- cci-20240123_def.xml (EX-101.DEF) — 14KB
- cci-20240123_lab.xml (EX-101.LAB) — 28KB
- cci-20240123_pre.xml (EX-101.PRE) — 15KB
- cci-20240123_htm.xml (XML) — 3KB
02 — RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02 — RESULTS OF OPERATIONS AND FINANCIAL CONDITION On January 24, 2024, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the fourth quarter and full year ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1. ITEM 5.02 — DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS (c) On January 23, 2024, the Company's board of directors ("Board") appointed Michael J. Kavanagh, age 55, as the Company's Executive Vice President ("EVP") and Chief Operating Officer ("COO")–Towers and appointed Christopher D. Levendos, age 56, as the Company's EVP and COO–Fiber, each effective immediately. Mr. Kavanagh served as the Company's EVP and Chief Commercial Officer since January 2017. Previously, Mr. Kavanagh served as the Company's President–Small Cell Sales from September 2010 to January 2017. Mr. Levendos served as the Company's EVP and COO, overseeing both operating segments, since November 2023. Mr. Levendos also served as the Company's EVP and COO–Fiber from December 2020 to November 2023 and acted as the interim EVP and COO–Towers from October 2023 to November 2023. Previously, Mr. Levendos served as the Company's Vice President of Fiber Operations from June 2018 to December 2020. There are no arrangements or undertakings pursuant to which Mr. Levendos and Mr. Kavanagh were selected as EVP and COO–Fiber and EVP and COO–Towers, respectively. There are no family relationships among any of the Company's directors or executive officers and either appointee. There are no related party transactions involving Mr. Levendos and Mr. Kavanagh that are reportable under Item 404(a) of Regulation S-K. There are no plans, contracts or arrangements that are entered into or amended and no grants or awards have been made or modified in connection with the appointments of Mr. Levendos and Mr. Kavanagh. (e) Ef
01 — REGULATION FD DISCLOSURE
ITEM 7.01 — REGULATION FD DISCLOSURE The press release referenced in Item 2.02 above refers to certain supplemental information that was posted as a supplemental information package on the Company's website on January 24, 2024. The supplemental information package is furnished herewith as Exhibit 99.2.
01 — FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 — FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Index Exhibit No. Description 99.1 Press Release dated January 24 , 202 4 99.2 Supplemental Information Package for period ended De cember 3 1 , 2023 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document The information in Items 2.02 and 7.01 of this Current Report on Form 8-K ("Form 8-K") and Exhibits 99.1 and 99.2 attached hereto are furnished as part of this Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information or exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURES
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 hereunto duly authorized. CROWN CASTLE INC. By: /s/ Edward B. Adams, Jr. Name: Edward B. Adams, Jr. Title: Executive Vice President and General Counsel Date: January 24, 2024