8-KOther EventsExhibits & Filings

AMERICAN TOWER CORP /MA/ 8-K Report, Corporate Update (May 2, 2017)

Filed May 2, 2017For Securities:AMT

Summary

American Tower Corporation (AMT) filed an 8-K on May 2, 2017, primarily to disclose an adjustment to the conversion rates for its 5.25% Mandatory Convertible Preferred Stock, Series A. This adjustment, detailed in a press release filed as an exhibit, is a significant event for holders of this preferred stock as it impacts the number of common shares they will receive upon conversion. While the filing doesn't include new financial results or strategic operational updates, it directly affects the terms and potential future dilution related to this specific preferred stock issuance.

Key Highlights

  • 1Disclosure of an adjustment to the conversion rates of AMT's 5.25% Mandatory Convertible Preferred Stock, Series A.
  • 2The adjustment was announced via a press release dated May 2, 2017, and filed with the SEC.
  • 3This filing is an 'Other Events' disclosure (Item 8.01), indicating it's not related to financial statements or material business changes.
  • 4The event date associated with this filing is May 1, 2017, with the filing date being May 1, 2017 (though the press release date is May 2, 2017).
  • 5Investors holding this specific series of preferred stock should review the press release for details on how the conversion rate has changed.
  • 6The filing includes the press release as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally disclose an adjustment made to the conversion rates for American Tower Corporation's 5.25% Mandatory Convertible Preferred Stock, Series A, as announced in a press release.

Holders of the 5.25% Mandatory Convertible Preferred Stock, Series A, are most directly affected by this filing, as the adjustment to the conversion rates impacts the number of common shares they will receive when their preferred stock converts.

No, this filing does not provide updated financial results. It is an 'Other Events' filing (Item 8.01) and its sole purpose is to report the adjustment to the preferred stock conversion rates.

More details about the conversion rate adjustment can be found in the press release dated May 2, 2017, which is filed as Exhibit 99.1 to this 8-K report.