8-KLeadership ChangesExhibits & Filings

AMERICAN TOWER CORP /MA/ 8-K Report, Executive Changes (Jul 6, 2006)

Filed July 6, 2006For Securities:AMT

Summary

This Form 8-K filing from American Tower Corporation (AMT) on July 6, 2006, primarily announces a significant change in its Board of Directors. The company has elected David E. Sharbutt as a new member of the Board, effective immediately. Mr. Sharbutt brings substantial experience in the wireless telecommunications sector, having previously served as CEO and Chairman of Alamosa Holdings, Inc., a company acquired by Sprint Nextel Corporation. Investors should note this addition as it reflects potential enhancements to the company's strategic oversight and industry expertise. Mr. Sharbutt's background with a wireless services provider is particularly relevant to American Tower's business model as a leading independent owner of wireless and broadcast communications infrastructure. His tenure will extend until the next annual stockholder meeting, and further committee appointments are anticipated.

Key Highlights

  • 1American Tower Corporation (AMT) announced the election of David E. Sharbutt to its Board of Directors, effective July 6, 2006.
  • 2Mr. Sharbutt's appointment brings extensive experience in the wireless telecommunications industry.
  • 3He previously served as Chief Executive Officer and Chairman of Alamosa Holdings, Inc.
  • 4Alamosa Holdings, Inc. was acquired by Sprint Nextel Corporation in February 2006.
  • 5Mr. Sharbutt also has a background in engineering consulting for telecommunications services.
  • 6He will serve as a director until the next annual meeting of stockholders.
  • 7The filing includes a press release dated July 6, 2006, as an exhibit.

Frequently Asked Questions

David E. Sharbutt is a newly elected member of American Tower's Board of Directors. His significance lies in his deep experience within the wireless telecommunications industry, including his leadership roles at Alamosa Holdings, Inc., which was a provider of wireless services. This addition is expected to enhance the board's strategic direction and oversight within AMT's core business.

David E. Sharbutt most recently was the Chief Executive Officer and Chairman of Alamosa Holdings, Inc., a wireless communications services provider. Prior to that, he was President and CEO of Hicks & Ragland Engineering Co. (now CHR Solutions), an engineering consulting firm focused on telecommunications services for independent telephone companies. His career suggests strong operational and strategic expertise in the telecom sector.

At the time of this filing, Mr. Sharbutt had not yet been appointed to any standing committees of the Board. The company stated that it would file an amendment to this Form 8-K to disclose any such committee appointments once they are made.

The primary purpose of this Form 8-K filing is to report the election of a new director, David E. Sharbutt, to American Tower Corporation's Board of Directors. It also includes the press release announcing this change as an exhibit.