AT&T Inc. Files 8-K with Material Definitive Agreement

TL;DR

AT&T signed a big deal, filing it with the SEC. Details to follow.

AI Summary

On September 29, 2024, AT&T Inc. entered into a material definitive agreement related to its financial statements and exhibits. The filing also includes Regulation FD disclosures, indicating important information is being shared with the public.

Why It Matters

This filing signifies a significant contractual development for AT&T, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.

Key Players & Entities

• AT&T INC. (company) — Filer
• 0000732717 (company) — Central Index Key
• 2024-09-29 (date) — Report Date

FAQ

Key Financial Figures

• $1.00 — ch registered Common Shares (Par Value $1.00 Per Share) T New York Stock Exchang
• $7.6 billion — ompany expects to receive approximately $7.6 billion in cash payments from DIRECTV and the B
• $1.7 billion — Buyer through 2029. This represents: $1.7 billion of pre-tax quarterly distributions in t
• $5.4 billion — , which is not part of the agreement; $5.4 billion of after-tax cash distributions and oth
• $0.5 billion — ments not subject to tax in 2025; and $0.5 billion of final payments in 2029 of after-tax
• $2 b — eceive from Buyer an initial payment of $2 billion, subject to certain deductions, d
• $500 million — additional payments from Buyer totaling $500 million in 2029. The Company expects to continu
• $3 billion — stribution payments to be approximately $3 billion in the aggregate. For 2025, the Company
• $2.8 billion — stribution payments to be approximately $2.8 billion in the aggregate on a pre-tax basis. Su
• $1.625 billion — on prior to March 31, 2025, of at least $1.625 billion that will be paid to the equity holders
• $2 billion — i) pay to Seller an amount equal to (A) $2 billion in cash, minus (B) certain accrued but
• $1.1 billion — e aggregate, an amount of approximately $1.1 billion for the fourth quarter of 2024 and appr
• $2.0 billion — hich a party can be liable is capped at $2.0 billion. The foregoing summary of the Purchas

Filing Documents

• d35594d8k.htm (8-K) — 89KB
• d35594dex21.htm (EX-2.1) — 421KB
• d35594dex991.htm (EX-99.1) — 4KB
• g355941122.jpg (GRAPHIC) — 10KB
• 0001193125-24-228321.txt ( ) — 970KB
• t-20240929.xsd (EX-101.SCH) — 11KB
• t-20240929_def.xml (EX-101.DEF) — 25KB
• t-20240929_lab.xml (EX-101.LAB) — 47KB
• t-20240929_pre.xml (EX-101.PRE) — 28KB
• d35594d8k_htm.xml (XML) — 42KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 29, 2024 AT&T INC. (Exact name of Registrant as Specified in Its Charter) Delaware 001-08610 43-1301883 (State or Other Jurisdiction of Incorporation ) (Commission File Number) (IRS Employer Identification No.) 208 S. Akard St. , Dallas , Texas 75202 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: 210 - 821-4105 Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares (Par Value $1.00 Per Share) T New York Stock Exchange Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A T PRA New York Stock Exchange Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C T PRC New York Stock Exchange AT&T Inc. Floating Rate Global Notes due March 6, 2025 T 25A New York Stock Exchange AT&T Inc. 3.550% Global Notes due November 18, 2025 T 25B New York Stock Exchange AT&T Inc. 3.500% Global Notes due December 17, 2025 T 25 New York Stock Exchange AT&T Inc. 0.250% Global Notes due March 4, 2026 T 26E New York Stock Exchange AT&T Inc. 1.800% Global Notes due September 5, 2026 T 26D New York Stock Exchange AT&T Inc. 2.900% Global Notes due December 4, 2026 T 26A New York Stock Exchange AT&T Inc. 1.600% Global Notes due May 19, 2028 T 28C New York Stock Exchange AT&T Inc. 2.350% Global Notes due September 5, 2029 T 29D New York Stock Exchange AT&T Inc. 4.375% Global Notes due September 14, 2029 T 29B New York Stock Exchange AT&T Inc. 2.600% Global Notes due December 17, 2029 T 29A New York Stock Exchange AT&T Inc. 0.800% Global Notes due March 4, 2030 T 30B New York Stock Exchange AT&T Inc. 3.950% Global Notes due April 30, 2031 T 31F New York Stock Exchange AT&T Inc. 2.050% Global Notes due May 19, 2032 T 32A New York Stock Exchange AT&T Inc. 3.550% Global Notes due December 17, 2032 T 32 New York Stock Exchange AT&T Inc. 5.200% Global Notes due November 18, 2033 T 33 New York Stock Exchange AT&T Inc. 3.375% Global Notes due March 15, 2034 T 34 New York Stock Exchange AT&T Inc. 4.300% Global Notes due November 18, 2034 T 34C New York Stock Exchange AT&T Inc. 2.450% Global Notes due March 15, 2035 T 35 New York Stock Exchange AT&T Inc. 3.150% Global Notes due September 4, 2036 T 36A New York Stock Exchange AT&T Inc. 2.600% Global Notes due May 19, 2038 T 38C New York Stock Exchange AT&T Inc. 1.800% Global Notes due September 14, 2039 T 39B New York Stock Exchange AT&T Inc. 7.000% Global Notes due April 30, 2040 T 40 New York Stock Exchange AT&T Inc. 4.250% Global Notes due June 1, 2043 T 43 New York Stock Exchange AT&T Inc. 4.875% Global Notes due June 1, 2044 T 44 New York Stock Exchange AT&T Inc. 4.000% Global Notes due June 1, 2049 T 49A New York Stock Exchange AT&T Inc. 4.250% Global Notes due March 1, 2050 T 50 New York Stock Exchange AT&T Inc. 3.750% Global Notes due September 1, 2050 T 50A New York Stock Exchange AT&T Inc. 5.350% Global Notes due November 1, 2066 TBB New York Stock Exchange AT&T Inc. 5.625% Global Notes due August 1, 2067 TBC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act Item7.01 Regulation FD Disclosure. On September 29, 2024, AT&T Inc. (the "Company") agreed to sell its majority interest in DIRECTV Entertainment Holdings LLC ("DIRECTV")

View Full Filing

View this 8-K filing on SEC EDGAR