Sba Communications Corp 8-K, filed Dec 22, 2023
Sba Communications Corp (SBAC)
About this 8-K
Sba Communications Corp filed this 8-K on December 22, 2023, reporting on events of December 19, 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.
(d)
On December 19, 2023, SBA Communications Corporation (the “Company”) appointed Mr. Brendan Cavanagh to the Company’s Board of Directors (the “Board”), effective January 1, 2024. Mr. Cavanagh will serve as a Class I director for a term expiring at the 2024 Annual Meeting of Shareholders, at which time he will stand for re-election. Concurrent with Mr. Cavanagh’s appointment, the Board will be expanded to ten members.
Mr. Cavanagh’s appointment to the Board follows the previously announced CEO succession plan, pursuant to which Mr. Cavanagh will succeed Mr. Jeffrey Stoops as President and Chief Executive Officer, effective January 1, 2024. In connection with the CEO succession plan, the Board has also appointed Mr. Stoops to the position of non-executive Chairman of the Board, effective January 1, 2024.
Biographical and other information about Mr. Cavanagh is included in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 12, 2023.
There is no arrangement or understanding between Mr. Cavanagh and any other person pursuant to which Mr. Cavanagh has been appointed as a director. There are no family relationships between Mr. Cavanagh and any of the Company’s directors and executive officers, and Mr. Cavanagh is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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: December 22, 2023