Summary
American Tower Corporation (AMT) filed an 8-K on March 9, 2015, reporting two key events. The first, effective March 4, 2015, is the decision by director Ronald M. Dykes not to stand for re-election at the upcoming 2015 Annual Meeting of Stockholders. This departure is amicable and does not stem from any disagreements with the company. Mr. Dykes will continue to serve on the Audit Committee until the meeting. The second, announced on March 5, 2015, via a press release, is the declaration of a quarterly cash distribution of $0.42 per share. This distribution is scheduled to be paid on April 28, 2015, to stockholders of record as of April 10, 2015. This demonstrates the company's ongoing commitment to returning capital to its shareholders.
Key Highlights
- 1Director Ronald M. Dykes will not seek re-election at the 2015 Annual Meeting.
- 2Mr. Dykes' departure is not due to any disagreements with the company.
- 3Mr. Dykes will continue to serve on the Audit Committee until the Annual Meeting.
- 4The company declared a cash distribution of $0.42 per share.
- 5The distribution payment date is April 28, 2015.
- 6The record date for the distribution is April 10, 2015.
- 7The information was disclosed via a press release dated March 5, 2015.