8-KLeadership ChangesRegulation FDExhibits & Filings

CROWN CASTLE INC. 8-K Report, Executive Changes (May 22, 2024)

Filed May 22, 2024For Securities:CCI

Summary

Crown Castle Inc. (CCI) filed an 8-K on May 22, 2024, primarily announcing the reappointment of its President and CEO, Steven J. Moskowitz, to the Board of Directors. Mr. Moskowitz's previous term as a director expired at the 2024 Annual Meeting of Stockholders, and he did not stand for re-election at that time. His subsequent reappointment follows the Board's decision to expand its size to 13 members. The filing clarifies that there are no undisclosed arrangements or related-party transactions associated with his reappointment. Additionally, the 8-K reports on the declaration of a quarterly dividend. CCI's Board has approved a dividend of $1.565 per share, payable on June 28, 2024, to shareholders of record on June 14, 2024. This dividend declaration is a key piece of information for income-focused investors and signals the company's continued commitment to returning capital to shareholders.

Key Highlights

  • 1Steven J. Moskowitz, President and CEO, reappointed to the Board of Directors.
  • 2The size of the Board of Directors has been expanded to 13 members.
  • 3Mr. Moskowitz's reappointment was effective following the 2024 Annual Meeting.
  • 4No undisclosed arrangements or related-party transactions exist concerning Mr. Moskowitz's reappointment.
  • 5Quarterly dividend declared at $1.565 per share.
  • 6Dividend payment date is June 28, 2024.
  • 7Record date for the dividend is June 14, 2024.

Frequently Asked Questions

Steven J. Moskowitz, the company's President and CEO, was reappointed to the Board of Directors after his previous term expired and he did not stand for election at the 2024 Annual Meeting. This reappointment followed the Board's decision to increase its size to 13 members.

The filing explicitly states that there are no arrangements or understandings between Mr. Moskowitz and any other persons related to his selection, and no reportable related-party transactions or material new compensation plans associated with his reappointment.

The Board of Directors has declared a quarterly dividend of $1.565 per share. This dividend will be paid on June 28, 2024, to stockholders who are on record as of the close of business on June 14, 2024.

This 8-K filing specifically reports the declaration of the current quarterly dividend. It does not provide information about any long-term changes or modifications to the company's overall dividend policy.