OUTFRONT Media Inc. Files 8-K Report
Ticker: OUT · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1579877
Sentiment: neutral
Topics: sec-filing, disclosure
TL;DR
OUTFRONT Media filed an 8-K, likely containing important financial or regulatory updates.
AI Summary
OUTFRONT Media Inc. filed an 8-K on November 18, 2024, to report a Regulation FD Disclosure and Financial Statements and Exhibits. The filing does not contain specific financial figures or transaction details within the provided text, but indicates a formal reporting event.
Why It Matters
This filing signifies a formal disclosure event by OUTFRONT Media Inc. to the SEC, which may contain important updates for investors.
Risk Assessment
Risk Level: low — The filing is a standard SEC disclosure and does not inherently indicate negative events.
Key Players & Entities
- OUTFRONT Media Inc. (company) — Registrant
- 90 Park Avenue, 9th Floor New York, New York 10016 (location) — Principal executive offices
- November 18, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for OUTFRONT Media Inc.?
The primary purpose is to report a Regulation FD Disclosure and Financial Statements and Exhibits as of November 18, 2024.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is November 18, 2024.
What is OUTFRONT Media Inc.'s principal executive office address?
The principal executive office is located at 90 Park Avenue, 9th Floor, New York, New York 10016.
What is the Commission File Number for OUTFRONT Media Inc.?
The Commission File Number for OUTFRONT Media Inc. is 001-36367.
What was OUTFRONT Media Inc.'s former company name?
OUTFRONT Media Inc.'s former company name was CBS OUTDOOR AMERICAS INC.
Filing Stats: 738 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-11-18 17:59:19
Key Financial Figures
- $0 — nge on which registered Common Stock, $0.01, par value OUT New York Stock Excha
- $0.75 — irectors approved a special dividend of $0.75 per share on the Company's common stock
- $0.01 — er share on the Company's common stock, $0.01 par value per share (the "Common Stock"
- $0.30 — As previously disclosed, approximately $0.30 per share, or $49.8 million, of the spe
- $49.8 m — osed, approximately $0.30 per share, or $49.8 million, of the special dividend will be
- $0.45 — (the "Cash Amount"), and approximately $0.45 per share, or $74.7 million, of the spe
- $74.7 m — , and approximately $0.45 per share, or $74.7 million, of the special dividend will be
Filing Documents
- out-20241118.htm (8-K) — 37KB
- ex991specialdividendinform.htm (EX-99.1) — 11KB
- 0001579877-24-000094.txt ( ) — 174KB
- out-20241118.xsd (EX-101.SCH) — 2KB
- out-20241118_lab.xml (EX-101.LAB) — 21KB
- out-20241118_pre.xml (EX-101.PRE) — 12KB
- out-20241118_htm.xml (XML) — 3KB
01
Item 7.01 Regulation FD Disclosure. On November 12, 2024, OUTFRONT Media Inc. (the "Company") announced that its board of directors approved a special dividend of $0.75 per share on the Company's common stock, $0.01 par value per share (the "Common Stock"), payable on December 31, 2024, to stockholders of record at the close of business on November 15, 2024. As previously disclosed, approximately $0.30 per share, or $49.8 million, of the special dividend will be paid in cash (exclusive of cash paid in lieu of fractional shares) (the "Cash Amount"), and approximately $0.45 per share, or $74.7 million, of the special dividend will be paid in shares of Common Stock. Prior to the election deadline of 5:00 p.m., Eastern Standard Time, on December 13, 2024, stockholders will have the option to elect to receive their special dividend in all cash or all stock, however, the aggregate amount of cash to be distributed will be equal to the Cash Amount, with the balance of the special dividend payable in the form of Common Stock. On November 18, 2024, Equiniti Trust Company, LLC, acting as the Company's election and disbursing agent, mailed election forms to stockholders of record at the close of business on November 15, 2024. The election forms include information regarding the special dividend. A copy of this information regarding the special dividend is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 7.01. This information 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, or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such fil
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed or furnished, as applicable, herewith: Exhibit Number Description 99.1 Special Dividend Information. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). EXHIBIT INDEX Exhibit Number Description 99.1 Special Dividend Information. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. OUTFRONT MEDIA INC. By: /s/ Matthew Siegel Name: Matthew Siegel Title: Executive Vice President and Chief Financial Officer Date: November 18, 2024