Cable One Files 8-K Report

TL;DR

Cable One filed a routine 8-K, no big news.

AI Summary

On June 13, 2024, Cable One, Inc. filed an 8-K report to disclose information under Regulation FD. The filing does not contain specific financial figures or material events beyond its routine reporting status.

Why It Matters

This filing indicates Cable One, Inc. is complying with its reporting obligations under SEC regulations, but it does not announce new material events or financial data.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for regulatory compliance and does not contain any new material information that would impact risk.

Key Players & Entities

• Cable One, Inc. (company) — Registrant
• June 13, 2024 (date) — Date of Report
• 0000950157-24-000894 (other) — Accession Number
• 13-3060083 (other) — I.R.S. Employer Identification No.
• 001-36863 (other) — Commission File Number

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share CABO New York Stock Excha
• $7 million — regate pre-tax charges of approximately $7 million related to the headcount reduction, whi
• $14 million — ompany expects to achieve approximately $14 million of annual run-rate cost savings. The

Filing Documents

• form8-k.htm (8-K) — 32KB
• 0000950157-24-000894.txt ( ) — 165KB
• cabo-20240613.xsd (EX-101.SCH) — 4KB
• cabo-20240613_lab.xml (EX-101.LAB) — 21KB
• cabo-20240613_pre.xml (EX-101.PRE) — 16KB
• form8-k_htm.xml (XML) — 4KB

01

Item 7.01. Regulation FD Disclosure. On June 13, 2024, Cable One, Inc. (the "Company") announced to its employees that it is implementing certain organizational changes intended to enhance the Company's ability to grow, retain and serve customers and streamline its operations. The organizational changes include (i) restructuring how the Company's systems are managed geographically to help facilitate operational focus on customer growth and experience, market expansion and service delivery, network reliability and performance, brand awareness, and local presence in each of the Company's regions; and (ii) streamlining the Company's customer service organization to optimize functional management and better align with the Company's service delivery model. In connection with the announced changes, the Company expects to reduce its total employee headcount by approximately 4% and expects to incur aggregate pre-tax charges of approximately $7 million related to the headcount reduction, which are expected to constitute cash expenditures consisting of employee severance and other one-time termination benefits. Substantially all of the charges are expected to be incurred in the second quarter of 2024. Once the organizational changes are fully implemented, the Company expects to achieve approximately $14 million of annual run-rate cost savings. The implementation of the organizational changes, the planned headcount reductions, the timing and estimated charges associated with the changes, and the estimated future cost savings in each case as noted above are subject to certain assumptions and risks. Should underlying assumptions prove incorrect or risks materialize, actual amounts and timing may differ materially from those expected. The information furnished in this Item 7.01 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

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: June 13, 2024

View Full Filing

View this 8-K filing on SEC EDGAR