Crown Castle Inc. Director Departs, New Director Appointed

TL;DR

Crown Castle board shakeup: Bauer out, Smith in. Exec comp details pending.

AI Summary

Crown Castle Inc. announced on September 23, 2024, the departure of director Robert Bauer and the appointment of Michael J. Smith as a new director. The company also disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this filing.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, while details on executive compensation are crucial for understanding management incentives.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board changes and officer appointments, with no immediate financial implications disclosed.

Key Players & Entities

• Crown Castle Inc. (company) — Registrant
• Robert Bauer (person) — Departing Director
• Michael J. Smith (person) — Appointed Director
• September 23, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001051470-24-000200.txt : 20240924 0001051470-24-000200.hdr.sgml : 20240924 20240924162150 ACCESSION NUMBER: 0001051470-24-000200 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240923 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240924 DATE AS OF CHANGE: 20240924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CASTLE INC. CENTRAL INDEX KEY: 0001051470 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 760470458 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16441 FILM NUMBER: 241320426 BUSINESS ADDRESS: STREET 1: 8020 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: 7135703000 MAIL ADDRESS: STREET 1: 8020 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: CROWN CASTLE INTERNATIONAL CORP DATE OF NAME CHANGE: 19971215 8-K 1 cci-20240923.htm 8-K cci-20240923 0001051470 false 0001051470 2024-09-23 2024-09-23 0001051470 exch:XNYS 2024-09-23 2024-09-23 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 23, 2024 Crown Castle Inc . (Exact name of registrant as specified in its charter)           Delaware   001-16441   76-0470458 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 8020 Katy Freeway , Houston , Texas 77024-1908 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 713 ) 570-3000 (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: ☐   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 Stock, $0.01 par value CCI 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐ ITEM 5.02—DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS (b) On September 23, 2024, Crown Castle Inc. ("Company") was notified by Michael J. Kavanagh, its Executive Vice President ("EVP") and Chief Operating Officer ("COO")–Towers, that he has elected to retire from the Company. Mr. Kavanagh will retire from his position, after approximately 14 years with the Company in various senior leadership roles, effective October 28, 2024 ("Effective Date"), and will remain with the Company in an advisory capacity through December 31, 2024 to assist