American Tower elects former T-Mobile CTO Neville Ray to board, declares $1.62 dividend

AMERICAN TOWER CORP /MA/

Directors Raymond Dolan and Samme Thompson will not stand for re-election at 2024 annual meeting; no disagreements.
Neville Ray elected to board effective March 14; he served as T-Mobile's President of Technology until 2023.
Board declares Q1 2024 cash dividend of $1.62 per share (down from $1.70 in Q4 2023); payable April 26 to holders April 12.
Company expects 2024 annual dividend payout relatively flat vs 2023; quarterly cadence change from prior step-down pattern.
Compensation committee adds Relative TSR (20% weight) to PSU performance measures; AFFO per share now 50%, ROIC 30%.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Samme L. Thompson

Director

AMT · AMERICAN TOWER CORP /MA/

Filed: March 14, 2024, 7:59 PM ET

Also on March 14, 2024, Samme L. Thompson notified the Corporate Secretary of the Company of his decision to not stand for re-election at the Annual Meeting.

Appointed

Neville R. Ray

Director

AMT · AMERICAN TOWER CORP /MA/

Effective: 2024-03-14
Filed: March 14, 2024, 7:59 PM ET

On March 14, 2024, the Board elected Neville R. Ray as a director, effective immediately.

Departed

Raymond P. Dolan

Director

AMT · AMERICAN TOWER CORP /MA/

Filed: March 14, 2024, 7:59 PM ET

On March 14, 2024, Raymond P. Dolan notified the Corporate Secretary of American Tower Corporation (the “Company”) of his decision to not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Samme L. Thompson departed as Director at AMERICAN TOWER CORP /MA/.

Action: not stand for re-election
Role: Director

Exact text from the filing

Also on March 14, 2024, Samme L. Thompson notified the Corporate Secretary of the Company of his decision to not stand for re-election at the Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Neville R. Ray was elected as Director at AMERICAN TOWER CORP /MA/.

Action: elected
Role: Director

Exact text from the filing

On March 14, 2024, the Board elected Neville R. Ray as a director, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Raymond P. Dolan departed as Director at AMERICAN TOWER CORP /MA/.

Action: not stand for re-election
Role: Director

Exact text from the filing

On March 14, 2024, Raymond P. Dolan notified the Corporate Secretary of American Tower Corporation (the “Company”) of his decision to not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).

View on SEC.gov

AMERICAN TOWER CORP /MA/ filing history →

Source: SEC EDGAR

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