CommScope CFO Departs, New CFO Appointed
Ticker: VISN · Form: 8-K · Filed: May 21, 2024 · CIK: 1517228
| Field | Detail |
|---|---|
| Company | Commscope Holding Company, Inc. (VISN) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $950,000, $600,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: cfo-change, executive-appointments, personnel
TL;DR
CommScope's CFO Alex Watts is out, Michael Gallagher is in. Big changes ahead?
AI Summary
CommScope Holding Company, Inc. announced on May 20, 2024, the departure of its Chief Financial Officer, Alex Watts. The company also announced the appointment of Michael R. Gallagher as the new CFO, effective immediately. Additionally, the company reported on compensatory arrangements for its named executive officers.
Why It Matters
A change in CFO can signal shifts in financial strategy or performance, impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: medium — A CFO departure and appointment can introduce uncertainty regarding future financial strategy and execution.
Key Players & Entities
- CommScope Holding Company, Inc. (company) — Registrant
- Alex Watts (person) — Departing Chief Financial Officer
- Michael R. Gallagher (person) — Appointed Chief Financial Officer
- May 20, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of CommScope?
Michael R. Gallagher has been appointed as the new Chief Financial Officer of CommScope.
When was the change in CFO effective?
The appointment of Michael R. Gallagher as CFO was effective immediately as of May 20, 2024.
Who is the departing Chief Financial Officer?
Alex Watts is the departing Chief Financial Officer of CommScope.
What other information is included in this 8-K filing?
The filing also includes information regarding the election of directors and compensatory arrangements for certain officers.
What is the principal executive office address for CommScope?
The principal executive offices are located at 3642 E. US Highway 70, Claremont, North Carolina 28610.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-05-21 16:30:21
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share COMM The NASDAQ Stock Mar
- $950,000 — executives have a stated target value ($950,000 for Mr. Choi and $600,000 for Mr. Giord
- $600,000 — target value ($950,000 for Mr. Choi and $600,000 for Mr. Giordano) and a potential payou
Filing Documents
- comm-20240520.htm (8-K) — 38KB
- comm-ex10_1.htm (EX-10.1) — 37KB
- 0000950170-24-062960.txt ( ) — 194KB
- comm-20240520.xsd (EX-101.SCH) — 26KB
- comm-20240520_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit. Description. 10.1 Form of Long-Term Cash Incentive Award Agreement 104 Cover Page Interactive Data File (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. Dated: May 21, 2024 COMMSCOPE HOLDING COMPANY, INC. By: /s/ Justin C. Choi Justin C. Choi Senior Vice President, Chief Legal Officer and Secretary