Summary
Charter Communications, Inc. (CHTR) filed an 8-K on May 10, 2013, to report an event that occurred on May 8, 2013. The company entered into an underwriting agreement with Goldman, Sachs & Co. for the sale of 1,500,000 shares of Class A common stock by existing selling stockholders. This transaction was conducted under a previously filed shelf registration statement and prospectus supplement. It is crucial for investors to note that Charter Communications, Inc. itself did not receive any proceeds from this sale of shares. The entire transaction involved the divestiture of shares directly from the selling stockholders to new investors, facilitated by the underwriter. The completion of this stock sale was reported to have occurred on May 13, 2013.
Key Highlights
- 1Charter Communications (CHTR) announced an underwriting agreement for the sale of 1.5 million shares of Class A common stock.
- 2The shares were sold by existing selling stockholders, not by the company itself.
- 3Goldman, Sachs & Co. acted as the underwriter for this offering.
- 4The sale was made under a Form S-3 shelf registration statement filed earlier.
- 5Charter Communications, Inc. received no proceeds from this share offering.
- 6The sale of shares by the selling stockholders was completed on May 13, 2013.