Summary
American Tower Corporation (AMT) announced a significant addition to its Board of Directors with the election of Teresa H. Clarke, effective December 15, 2021. Ms. Clarke brings a wealth of experience in investment banking, particularly in corporate finance and M&A within the industrials and real estate sectors from her tenure at Goldman Sachs. Her current role as Chair of Africa.com LLC and board service at Arthur J. Gallagher further diversify the Board's expertise, especially in media and global operations. In addition to the board changes, American Tower also declared its quarterly cash distribution. Shareholders of record as of December 27, 2021, will receive $1.39 per share, payable on January 14, 2022. This distribution reflects the company's commitment to returning capital to shareholders and is a routine event for a Real Estate Investment Trust (REIT) like American Tower.
Key Highlights
- 1Teresa H. Clarke elected as a new director and member of the Audit Committee, effective immediately.
- 2Ms. Clarke possesses significant experience from her time as a Managing Director at Goldman Sachs in investment banking, focusing on corporate finance and M&A.
- 3Her background includes leadership roles at Africa.com LLC and current board service at Arthur J. Gallagher.
- 4Ms. Clarke will receive standard compensation for non-employee directors.
- 5The Board declared a cash distribution of $1.39 per share of common stock.
- 6The distribution is payable on January 14, 2022, to shareholders of record on December 27, 2021.