ADTRAN completes ADVA exchange offer, acquires 65.43%; board and CEO compensation updated

ADTRAN Holdings, Inc.

ADTRAN Holdings completed exchange offer for ADVA on July 15, 2022; owns 33,957,538 shares (65.43%).
CEO Thomas Stanton's base salary increased to $1M upon closing; granted $4M RSUs and slated $2M PSUs for 2022.
Brian Protiva appointed Vice Chairman; Nikos Theodosopoulos and Johanna Hey join board as independent directors.
Board committees reconstituted effective August 15, 2022; Protiva's family EGORA owns 7.8% of ADTN.
ADTN now listed on Frankfurt Stock Exchange (Prime Standard) under symbol QH9.

item 2.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nikos Theodosopoulos

Director

ADTN · ADTRAN Holdings, Inc.

Effective: 2022-07-15
Filed: July 15, 2022, 7:59 PM ET

Brian Protiva, Nikos Theodosopoulos and Johanna Hey were appointed to the Board of Directors of the Company (“Board”), effective as of the Exchange Offer Settlement Date.

Appointed

Brian Protiva

Vice Chairman

ADTN · ADTRAN Holdings, Inc.

Effective: 2022-07-15
Filed: July 15, 2022, 7:59 PM ET

Upon his appointment to the Board, Brian Protiva was also appointed as Vice Chairman.

Appointed

Johanna Hey

Director

ADTN · ADTRAN Holdings, Inc.

Effective: 2022-07-15
Filed: July 15, 2022, 7:59 PM ET

Brian Protiva, Nikos Theodosopoulos and Johanna Hey were appointed to the Board of Directors of the Company (“Board”), effective as of the Exchange Offer Settlement Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nikos Theodosopoulos was appointed as Director at ADTRAN Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

Brian Protiva, Nikos Theodosopoulos and Johanna Hey were appointed to the Board of Directors of the Company (“Board”), effective as of the Exchange Offer Settlement Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Protiva was appointed as Vice Chairman at ADTRAN Holdings, Inc..

Action: appointed
Role: Vice Chairman

Exact text from the filing

Upon his appointment to the Board, Brian Protiva was also appointed as Vice Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Johanna Hey was appointed as Director at ADTRAN Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

Brian Protiva, Nikos Theodosopoulos and Johanna Hey were appointed to the Board of Directors of the Company (“Board”), effective as of the Exchange Offer Settlement Date.

View on SEC.gov

ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-195093

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