OUTFRONT Media Inc. Files 8-K
Ticker: OUT · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1579877
Sentiment: neutral
Topics: 8-K, disclosure
Related Tickers: OUT
TL;DR
OUTFRONT Media (OUT) filed an 8-K on Jan 8, 2025. Details TBD.
AI Summary
OUTFRONT Media Inc. filed an 8-K on January 8, 2025, reporting an event under 'Other Events'. The filing does not contain specific financial figures or details about the nature of the event, but it confirms the company's identity and filing status.
Why It Matters
This filing indicates a material event has occurred for OUTFRONT Media Inc., requiring public disclosure, though the specifics are not detailed in this summary.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not contain specific financial or operational information that would immediately indicate high risk.
Key Players & Entities
- OUTFRONT Media Inc. (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
- 90 Park Avenue, 9th Floor New York, New York 10016 (address) — Principal executive offices
- CBS OUTDOOR AMERICAS INC. (company) — Former company name
FAQ
What specific event is OUTFRONT Media Inc. reporting under 'Other Events'?
The provided filing excerpt does not specify the nature of the 'Other Events' being reported.
When was this 8-K filing submitted?
The filing was submitted on January 8, 2025.
What is OUTFRONT Media Inc.'s principal executive office address?
Their principal executive offices are located at 90 Park Avenue, 9th Floor, New York, New York 10016.
What was OUTFRONT Media Inc.'s former company name?
The company was formerly known as CBS OUTDOOR AMERICAS INC.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 589 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2025-01-08 12:49:41
Key Financial Figures
- $0 — nge on which registered Common Stock, $0.01, par value OUT New York Stock Excha
- $0.01 — ck split on the Company's common stock, $0.01 par value per share (the "Common Stock"
Filing Documents
- out-20250108.htm (8-K) — 30KB
- 0001579877-25-000002.txt ( ) — 151KB
- out-20250108.xsd (EX-101.SCH) — 2KB
- out-20250108_lab.xml (EX-101.LAB) — 21KB
- out-20250108_pre.xml (EX-101.PRE) — 12KB
- out-20250108_htm.xml (XML) — 3KB
01
Item 8.01 Other Events. On January 8, 2025, OUTFRONT Media Inc. (the "Company") announced a 1-for-1.024549 reverse stock split on the Company's common stock, $0.01 par value per share (the "Common Stock"), such that every holder of Common Stock will receive one share of Common Stock for every 1.024549 shares of Common Stock outstanding as of January 17, 2025 (the "Reverse Stock Split"). The Reverse Stock Split is scheduled to take effect on January 17, 2025. As previously disclosed, the Company's board of directors approved the Reverse Stock Split to offset the dilutive impact of the Common Stock portion of a special dividend that was paid by the Company on December 31, 2024 (the "Special Dividend"). As a result of the Reverse Stock Split, the number of outstanding shares of Common Stock as of January 17, 2025, will be reduced from approximately 170,060,678 to approximately 165,985,890, which is substantially similar to the outstanding shares of Common Stock prior to the Special Dividend. The Company's authorized shares of Common Stock and par value of each share of Common Stock will remain unchanged. Trading in the Company's Common Stock on a split adjusted basis is expected to begin at the market open on January 17, 2025. The Company's Common Stock will continue trading on the New York Stock Exchange under the symbol "OUT" but under a new CUSIP number 69007J-304. Cash will be paid in lieu of fractional shares. 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: January 8, 2025