OUTFRONT Media Inc 8-K, filed Jan 8, 2025
OUTFRONT Media Inc. (OUT)
8-K
2025-01-08
For: 2025-01-08
View Original
Added on
April 11, 2026
About this 8-K
OUTFRONT Media Inc filed this 8-K on January 8, 2025.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 8, 2025
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (212 ) 297-6400
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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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 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