01—Abstract
Summary
Summary of the 8-K filed July 10, 2024. Cited figures are marked; the original filing is the authoritative source.
SBA Communications Corporation filed this Current Report on Form 8-K dated July 10, 2024 under Item 5.02, reporting a leadership transition in its accounting function.
Brian D. Lazarus, Senior Vice President and Chief Accounting Officer, provided notice on July 8, 2024 of his intent to resign from his current title and roles at the Company and all its subsidiaries effective December 31, 2024, ending an 18-year tenure with the Company as he retires. The Company has appointed Saul Kredi, 55, as Vice President and Chief Accounting Officer effective January 1, 2025.
Mr. Kredi joined the Company in November 2014 as Corporate Controller and was promoted to Vice President, Corporate Controller in February 2024. Before SBA, he spent fourteen years in accounting leadership roles at ACS Infrastructure Development, Inc., American Media, Inc., and The Hackett Group, Inc., and seven years at Deloitte. The filing states there is no arrangement or understanding under which he was appointed, no family relationships with directors or executive officers, and he is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.
For investors, this is a planned, internally sourced succession with a long transition runway, since the change takes effect six months after notice. The filing contains no financial results, guidance, or other operational information. Item 9.01 lists only the Inline XBRL cover page interactive data file as an exhibit.
02—Key points
Key Highlights
- Brian D. Lazarus, SVP and Chief Accounting Officer, gave notice on July 8, 2024 of his intent to resign effective December 31, 2024 and retire after 18 years with the Company.
- Saul Kredi, 55, is appointed Vice President and Chief Accounting Officer effective January 1, 2025.
- Kredi joined SBA in November 2014 as Corporate Controller and was promoted to Vice President, Corporate Controller in February 2024.
- Kredi previously held accounting leadership roles at ACS Infrastructure Development, American Media, and The Hackett Group, and spent seven years at Deloitte.
- The succession is internal, with a roughly six-month gap between the notice date and the effective date of the change.
- The filing discloses no arrangement or understanding for Kredi's appointment, no family relationships with directors or executive officers, and no related-party transactions under Item 404(a).
- The filing contains no financial results or guidance; its only exhibit is the Inline XBRL cover page file.
03—Questions
Frequently Asked Questions
Who is leaving the company's accounting leadership role?
Brian D. Lazarus, Senior Vice President and Chief Accounting Officer, provided notice on July 8, 2024 of his intent to resign from his current title and roles at the Company and all its subsidiaries, effective December 31, 2024, and retire after 18 years with the Company.
Who is replacing him and when does the change take effect?
Saul Kredi, 55, has been appointed Vice President and Chief Accounting Officer effective January 1, 2025.
What is Saul Kredi's background with SBA?
Kredi joined the Company in November 2014 as Corporate Controller and was promoted to Vice President, Corporate Controller in February 2024. Before SBA he spent fourteen years in accounting leadership roles at ACS Infrastructure Development, Inc., American Media, Inc., and The Hackett Group, Inc., and seven years at Deloitte.
Does the filing disclose any related-party or arrangement concerns tied to the appointment?
The filing states there is no arrangement or understanding between Kredi and any other person pursuant to which he was appointed, there are no family relationships with the Company's directors or executive officers, and he is not a party to any transaction required to be disclosed under Item 404(a) of Regulation S-K.
Does this filing include financial results or guidance?
No. The filing addresses only the leadership change under Item 5.02. Its Item 9.01 exhibit list contains only the Inline XBRL cover page interactive file.
04—Continue