SBA Communications Corp. Announces Director Changes and Officer Compensation

TL;DR

SBA Comms swapped a director and updated exec pay. Board changes are always worth watching.

AI Summary

SBA Communications Corporation announced on July 8, 2024, the departure of director Steven L. Shulman and the election of new director Michael J. S. Smith. The company also reported on compensatory arrangements for certain officers. This filing is a current report under Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance matters such as director changes and compensation disclosures, which typically carry low immediate risk.

Key Numbers

• 561-995-7670 — Registrant's telephone number (Contact information for the company)

Key Players & Entities

• SBA Communications Corporation (company) — Registrant
• Steven L. Shulman (person) — Departing Director
• Michael J. S. Smith (person) — Newly Elected Director
• July 8, 2024 (date) — Date of earliest event reported
• 001-16853 (company) — SEC File Number
• 8051 Congress Avenue Boca Raton , FL 33487 (company) — Principal Executive Offices Address

FAQ

Key Financial Figures

• $0.01 — hich registered Class A Common Stock, $0.01 par value per share SBAC The NASDAQ

Filing Documents

• sbac-20240708x8k.htm (8-K) — 79KB
• 0001034054-24-000007.txt ( ) — 201KB
• sbac-20240708.xsd (EX-101.SCH) — 2KB
• sbac-20240708_lab.xml (EX-101.LAB) — 21KB
• sbac-20240708_pre.xml (EX-101.PRE) — 12KB
• sbac-20240708x8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 8, 2024, Brian D. Lazarus, Senior Vice President and Chief Accounting Officer of SBA Communications Corporation (the "Company"), provided notice of his intent to resign from his current title and roles at the Company and all its subsidiaries effective December 31, 2024, and retire after 18 years with the Company. Saul Kredi, 55, has been appointed Vice President and Chief Accounting Officer of the Company effective January 1, 2025. Mr. Kredi joined the Company in November 2014 as the Company's Corporate Controller and in February 2024 was promoted to Vice President, Corporate Controller . Prior to joining the Company, Mr. Kredi spent fourteen years in accounting leadership roles at ACS Infrastructure Development, Inc., American Media, Inc., and The Hackett Group, Inc. Prior to that, Mr. Kredi spent seven years at Deloitte, a global accounting firm. There is no arrangement or understanding between Mr. Kredi and any other person pursuant to which Mr. Kredi has been appointed as Vice President and Chief Accounting Officer. There are no family relationships between Mr. Kredi and any of the Company's directors and executive officers, and Mr. Kredi is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) or Regulation S-K.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

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. SBA COMMUNICATIONS CORPORATION By: /s/ Marc Montagner Marc Montagner Executive Vice President and Chief Financial Officer Date: July 10, 2024

View Full Filing

View this 8-K filing on SEC EDGAR