Summary
American Tower Corporation (AMT) announced two key events in this 8-K filing dated September 16, 2019. First, the Board of Directors appointed Bruce L. Tanner as a new director, effective immediately. Mr. Tanner brings extensive financial leadership experience, having served as Executive Vice President and Chief Financial Officer of Lockheed Martin Corporation until February 2019. His background is expected to be valuable to the Board. Second, the Board declared a quarterly cash distribution of $0.95 per share of common stock. This distribution will be payable on October 17, 2019, to stockholders of record as of September 27, 2019. This dividend declaration is a regular event and reflects the company's commitment to returning value to its shareholders.
Key Highlights
- 1Bruce L. Tanner appointed as a new director to the Board, effective September 13, 2019.
- 2Mr. Tanner previously served as EVP and CFO of Lockheed Martin Corporation, bringing significant financial expertise.
- 3Mr. Tanner will receive the standard compensation for non-employee directors.
- 4Board declared a quarterly cash distribution of $0.95 per share.
- 5The distribution payment date is October 17, 2019.
- 6The record date for the distribution is September 27, 2019.