Sba Communications Corp 8-K, filed Mar 31, 2023
Sba Communications Corp (SBAC)
About this 8-K
Sba Communications Corp filed this 8-K on March 31, 2023, reporting on events of March 27, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b)
On March 27, 2023, Duncan H. Cocroft, a member of the Board of Directors (the “Board”) of SBA Communications Corporation (the “Company”) since 2004, notified the Board that he had decided to retire and would not stand for re-election at the Company’s 2023 Annual Meeting of Shareholders. Mr. Cocroft confirmed that his decision to not stand for re-election was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On March 28, 2023, Fidelma Russo, a member of the Board since 2020, notified the Board that she had decided not to stand for re-election at the Company’s 2023 Annual Meeting of Shareholders in order to focus on her other commitments and that the decision not to stand for re-election was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company and the Board wish to sincerely thank Mr. Cocroft and Ms. Russo for their years of service and significant contributions to the Company.
As a result of the Board’s ongoing succession planning and refreshment activities, the Company is prepared and currently expects to nominate two independent director candidates for election at the 2023 Annual Meeting of Shareholders to replace the outgoing directors. The Board anticipates that its independent director nominees will be consistent with its commitment to seeking diversity and balance among directors of race, gender, geography, thought, viewpoints, backgrounds, skills, experience, and expertise.
SIGNATURES
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.
| SBA COMMUNICATIONS CORPORATION | ||||||
| By: | /s/ Brendan T. Cavanagh | |||||
| Brendan T. Cavanagh | ||||||
| Executive Vice President and Chief Financial Officer | ||||||
| Date: March 31, 2023 | ||||||