Cable One Board Changes: New Directors Appointed, One Departs
Ticker: CABO · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1632127
Sentiment: neutral
Topics: board-changes, director-appointment, director-departure
Related Tickers: CABO
TL;DR
Cable One's board just got a refresh: Solomon out, Quinlan & Miron in, effective March 1st.
AI Summary
Cable One, Inc. announced on March 1, 2024, the departure of director David E. Solomon. The company also elected two new directors, Thomas R. Quinlan III and Steven L. Miron, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing details routine board changes and does not involve significant financial transactions or operational shifts.
Key Players & Entities
- Cable One, Inc. (company) — Registrant
- David E. Solomon (person) — Departing Director
- Thomas R. Quinlan III (person) — Newly Elected Director
- Steven L. Miron (person) — Newly Elected Director
- March 1, 2024 (date) — Effective date of changes
FAQ
Who has departed from the Cable One, Inc. board of directors?
David E. Solomon has departed from the board of directors.
Who has been elected as new directors to the Cable One, Inc. board?
Thomas R. Quinlan III and Steven L. Miron have been elected as new directors.
When are the board changes effective for Cable One, Inc.?
The changes are effective as of March 1, 2024.
What is the company's principal executive office address?
The principal executive offices are located at 210 E. Earll Drive, Phoenix, Arizona 85012.
What is the filing date of this Form 8-K?
The Form 8-K was filed on March 4, 2024, reporting events as of March 1, 2024.
Filing Stats: 1,270 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-03-04 16:34:04
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share CABO New York Stock Excha
- $380,000 — to Mr. Johnson's 2024 base salary from $380,000 to $420,000; (ii) an incremental one-ti
- $420,000 — son's 2024 base salary from $380,000 to $420,000; (ii) an incremental one-time grant of
- $180,000 — program with a grant date fair value of $180,000; and (iii) an incremental one-time gran
- $120,000 — program with a grant date fair value of $120,000. The PSUs will be eligible to vest bas
Filing Documents
- form8-k.htm (8-K) — 39KB
- ex99-1.htm (EX-99.1) — 10KB
- image00001.jpg (GRAPHIC) — 6KB
- 0000950157-24-000321.txt ( ) — 195KB
- cabo-20240301.xsd (EX-101.SCH) — 4KB
- cabo-20240301_lab.xml (EX-101.LAB) — 22KB
- cabo-20240301_pre.xml (EX-101.PRE) — 16KB
- form8-k_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 March 1, 2024, the Board of Directors (the "Board") of Cable One, Inc. (the "Company") appointed Kenneth E. Johnson to serve as the Company's Chief Operating Officer. Mr. Johnson, age 60, most recently served as Chief Technology and Innovation Officer of the Company since October 2023. He previously served as Chief Technology and Digital Officer of the Company from January 2023 through September 2023 and Senior Vice President, Technology Services of the Company from May 2018 through December 2022. There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Johnson and any of the Company's directors or executive officers, or persons nominated or chosen to become a director or an executive officer. There is no arrangement or understanding between Mr. Johnson and any other person pursuant to which he was selected as the Company's Chief Operating Officer. Mr. Johnson does not have any direct or indirect material interest in any transaction or proposed transaction required to be disclosed under Item 404(a) of Regulation S-K. In connection with Mr. Johnson's appointment as Chief Operating Officer, the Compensation and Talent Management Committee of the Board approved the following as of March 1, 2024: (i) an increase to Mr. Johnson's 2024 base salary from $380,000 to $420,000; (ii) an incremental one-time grant of performance-based vesting restricted stock unit awards ("PSUs") under the Company's 2024 long-term incentive program with a grant date fair value of $180,000; and (iii) an incremental one-time grant of service-based vesting restricted stock unit awards ("RSUs") under the Company's 2024 long-term incentive program with a grant date fair value of $120,000. The PSUs will be eligible to vest based on the attainment of specified performance goals consisting of: (i) a 2024
01
Item 7.01. Regulation FD Disclosure. On March 4, 2024, the Company issued a press release announcing the appointment of Mr. Johnson to serve as the Company's Chief Operating Officer. A copy of the Company's press release is furnished as Exhibit 99.1 to, and is incorporated by reference in, this Current Report on Form 8-K. The information furnished in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. This current report may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied by these statements. You can generally identify forward-looking statements by the words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "objective," "outlook," "plan," "potential," "predict," "projection," "seek," "should," "target," "trend," "will," "would" or the negative version of these words or other comparable words. Any there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include, but are not limited to, factors described under "Risk Factors" in the Company's annual report on Form 10-K for the period ended December 31, 2023 and the Company's other filings with the Secu
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release issued by Cable One. Inc, dated March 4, 2024. 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
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. Cable One, Inc. By: /s/ Peter N. Witty Name: Peter N. Witty Title: Chief Legal and Administrative Officer Date: March 4, 2024