8-KLeadership Changes

CROWN CASTLE INC. 8-K Report, Executive Changes (Feb 27, 2007)

Filed February 27, 2007For Securities:CCI

Summary

Crown Castle International Corp. (CCI) has filed a Form 8-K on February 27, 2007, to report a significant change in its Board of Directors. Randall A. Hack, a long-serving non-employee director, has announced his decision not to seek re-election at the upcoming 2007 annual meeting of stockholders. This decision stems from Mr. Hack's desire to dedicate more time to his leadership roles at Capstone Capital LLC and Berkshire Partners LLC. Mr. Hack has been a director since February 1997 and will continue his service until the annual meeting, currently scheduled for May 24, 2007. Despite his departure from the board, Mr. Hack has expressed his continued support for the Company's management and strategic direction, which should provide some comfort to investors regarding the stability of the current operations and strategy.

Key Highlights

  • 1Director Randall A. Hack will not stand for re-election at the 2007 annual meeting.
  • 2Mr. Hack's decision is due to his commitment to other investment activities at Capstone Capital LLC and Berkshire Partners LLC.
  • 3Mr. Hack has been a member of the Board of Directors since February 1997.
  • 4He will continue to serve as a director until the 2007 annual meeting, expected on May 24, 2007.
  • 5Mr. Hack affirmed his support for the Company's management and policies.

Frequently Asked Questions

Randall A. Hack is not standing for re-election to focus his time and attention on his investment activities at Capstone Capital LLC, where he is founder and CEO, and Berkshire Partners LLC, where he is an Advisory Director.

Mr. Hack is expected to continue serving as a director of Crown Castle International Corp. until the Company's 2007 annual meeting of stockholders, which is currently scheduled for May 24, 2007.

No, the filing explicitly states that Mr. Hack strongly affirmed his support for the management and policies being pursued by the Company. His decision appears to be driven by personal commitments to his other ventures, not by dissatisfaction with Crown Castle.

Mr. Hack has served on the Company's Board of Directors since February 1997, indicating a long tenure with the company.