8-KLeadership Changes

AMERICAN TOWER CORP /MA/ 8-K Report, Executive Changes (Mar 5, 2018)

Filed March 5, 2018For Securities:AMT

Summary

This 8-K filing from American Tower Corporation (AMT) details the compensation decisions for its named executive officers for the fiscal year 2018. The Compensation Committee established base salaries and target cash bonus incentives, with potential for bonuses to be increased based on company and individual performance. The CEO, James D. Taiclet, Jr., has the highest base salary and bonus target, reflecting his leadership role. These determinations are a key aspect of executive compensation and signal the company's performance expectations and incentive structures for the year. Investors can gain insight into how the company aligns executive rewards with strategic and financial goals. Further details on executive compensation will be provided in the upcoming 2018 Proxy Statement.

Key Highlights

  • 1Compensation Committee approved 2018 base salaries and target cash bonus incentives for named executive officers.
  • 2CEO James D. Taiclet, Jr. has a 2018 base salary of $1,100,000 and a target cash bonus of 130% of base salary ($1,430,000).
  • 3Other named executive officers have target cash bonus percentages ranging from 95% of their base salaries.
  • 4Annual cash bonus payments are contingent on the achievement of pre-established financial and individual goals.
  • 5The Compensation Committee can increase annual cash bonuses up to a maximum of 200% of the executive's bonus target if goals are exceeded.
  • 6Additional compensation details for named executive officers will be disclosed in the 2018 Proxy Statement.
  • 7This filing specifically addresses executive compensation, with no other significant corporate events reported.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose the 2018 base salaries and target cash bonus incentives for American Tower Corporation's named executive officers, as determined by the Compensation Committee.

Annual cash bonuses are determined based on the company's achievement of pre-established financial goals and the achievement of individual goals set at the beginning of the year, aligned with the company's strategy.

If the company and/or the executive exceed their established goals, the annual cash bonus incentive could be increased by the Compensation Committee, up to a maximum of 200% of the executive's bonus target.

More comprehensive information regarding the compensation of the named executive officers will be included in American Tower Corporation's 2018 Proxy Statement when it is filed with the Securities and Exchange Commission.