secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN TOWER CORP /MA/ (AMT)
CIK:        0001053507
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001053507-24-000067
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000067/0001053507-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000067/amt-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001053507-24-000067

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