Summary
This 8-K filing announces the upcoming retirement of Edmund DiSanto, Executive Vice President, Special Advisor and Counsel to the Chief Executive Officer, of American Tower Corporation (AMT). Mr. Di Santo intends to retire effective July 1, 2023. This transition involves a phased approach to his departure, with a reduction in compensation starting April 1, 2023, as he moves into a reduced compensation role.
Key Highlights
- 1Edmund Di Santo, EVP, Special Advisor and Counsel to the CEO, plans to retire effective July 1, 2023.
- 2Mr. Di Santo's compensation will be reduced to 20% of his current salary starting April 1, 2023.
- 3He will remain eligible for a pro-rated bonus for 2023, with a target of 125% of his earned salary.
- 4This event pertains to executive officer transitions and compensation arrangements.
- 5No other significant financial or operational updates are provided in this specific filing.