OUTFRONT Media Inc. Files 8-K with Corporate Updates
Ticker: OUT · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1579877
Sentiment: neutral
Topics: corporate-action, filing, legal
TL;DR
OUTFRONT Media filed an 8-K on Jan 17, 2025, with corporate updates and exhibits.
AI Summary
OUTFRONT Media Inc. filed an 8-K on January 17, 2025, reporting material modifications to the rights of security holders, amendments to its articles of incorporation or bylaws, and other events. The filing also includes financial statements and exhibits. The company was formerly known as CBS Outdoor Americas Inc. and changed its name on June 21, 2013.
Why It Matters
This 8-K filing indicates significant corporate actions and potential changes affecting OUTFRONT Media Inc.'s security holders and governance structure.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain immediate negative financial or operational news.
Key Players & Entities
- OUTFRONT Media Inc. (company) — Registrant
- CBS OUTDOOR AMERICAS INC. (company) — Former company name
- January 17, 2025 (date) — Date of report
- June 21, 2013 (date) — Date of name change
FAQ
What specific material modifications to the rights of security holders are detailed in this 8-K filing?
The filing indicates material modifications to the rights of security holders, but the specific details are not provided in the provided text excerpt.
Are there any amendments to OUTFRONT Media Inc.'s articles of incorporation or bylaws mentioned?
Yes, the filing lists 'Amendments to Articles of Incorporation or Bylaws' as an item of information.
What other events are reported in this 8-K filing?
The filing also reports 'Other Events' in addition to the modifications to security holder rights and bylaw amendments.
When did OUTFRONT Media Inc. change its name from CBS Outdoor Americas Inc.?
OUTFRONT Media Inc. changed its name from CBS Outdoor Americas Inc. on June 21, 2013.
What is the principal executive office address for OUTFRONT Media Inc.?
The principal executive offices are located at 90 Park Avenue, 9th Floor, New York, New York 10016.
Filing Stats: 739 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2025-01-17 16:10:19
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-20250117.htm (8-K) — 39KB
- outfrontmediainc-articleso.htm (EX-3.1) — 163KB
- 0001579877-25-000004.txt ( ) — 360KB
- out-20250117.xsd (EX-101.SCH) — 2KB
- out-20250117_lab.xml (EX-101.LAB) — 23KB
- out-20250117_pre.xml (EX-101.PRE) — 13KB
- out-20250117_htm.xml (XML) — 3KB
03
Item 3.03 Material Modification to the Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
03
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. OUTFRONT Media Inc. (the "Company") filed Articles of Amendment to its charter (as amended, the "Charter"), effective at 9:00 a.m. Eastern Time on January 17, 2025, to effectuate the Company's previously announced 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 held by such holder. Cash will be paid in lieu of fractional shares, calculated using the volume weighted average price of the Common Stock on the New York Stock Exchange (the "NYSE") during the period beginning on January 14, 2025 and ending on January 16, 2025. The Company's authorized shares of Common Stock and par value of each share of Common Stock remain unchanged. The foregoing summary does not purport to be complete, and is qualified in its entirety by reference to the full text of the Charter, a copy of which is attached hereto as Exhibit 3.1, and is incorporated herein by reference.
01
Item 8.01 Other Events. Trading in the Company's Common Stock on a split-adjusted basis commenced at the market open on January 17, 2025. The Company's Common Stock will continue trading on the NYSE under the symbol "OUT" but under a new CUSIP number 69007J-304.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith: Exhibit Number Description 3.1 Articles of Amendment and Restatement of OUTFRONT Media Inc. effective March 28, 2014, as amended by the Articles of Amendment of OUTFRONT Media Inc. effective November 20, 2014, June 10, 2019 and January 17, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). EXHIBIT INDEX Exhibit Number Description 3.1 Articles of Amendment and Restatement of OUTFRONT Media Inc. effective March 28, 2014, as amended by the Articles of Amendment of OUTFRONT Media Inc. effective November 20, 2014, June 10, 2019 and January 17, 2025. 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: January 17, 2025