{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-043490","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.594061+00:00","generated_at":"2026-06-19T06:18:02.407193+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SBA Communications CEO Jeff Stoops to retire Dec 31, 2023; CFO Brendan Cavanagh to succeed as President and CEO","bullets":["Jeff Stoops to retire as President and CEO effective Dec 31, 2023; will become non-executive Chairman.","Brendan Cavanagh, current EVP and CFO, appointed as President and CEO effective Jan 1, 2024; also to join Board.","Cavanagh has been with SBA for 25 years; as CFO, revenues grew 555% and enterprise value from $6B to $43B.","Company intends to appoint a new CFO later in 2023.","Stoops' tenure as CEO (since 2002) delivered 16% annualized TSR and 17% enterprise value growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-043490","json":"https://secwatch.observer/filing/0001193125-23-043490.json","markdown":"https://secwatch.observer/filing/0001193125-23-043490.md","text":"https://secwatch.observer/filing/0001193125-23-043490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/d453238d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T06:18:02.407193+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31780f152d","claim":"Brendan Cavanagh was appointed as President and Chief Executive Officer at SBA COMMUNICATIONS CORP.","evidence_excerpt":"Mr. Brendan Cavanagh, currently the Company’s Executive Vice President and Chief Financial Officer, will succeed Mr. Stoops as President and Chief Executive Officer, effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"385c078c65","claim":"Brendan Cavanagh was appointed as Director at SBA COMMUNICATIONS CORP.","evidence_excerpt":"The Board expects to appoint Mr. Cavanagh to the Board concurrently with his assuming the position of President and Chief Executive Officer on January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"46fa818259","claim":"Jeffrey Stoops departed as President and Chief Executive Officer at SBA COMMUNICATIONS CORP.","evidence_excerpt":"Mr. Jeffrey Stoops, President and Chief Executive Officer of SBA Communications Corporation (the “Company”), provided notice of his intent to retire from his position as President and Chief Executive Officer on December 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e60bb12498","claim":"Jeffrey Stoops was appointed as non-executive Chairman of the Board at SBA COMMUNICATIONS CORP.","evidence_excerpt":"Mr. Stoops shall remain on the Company’s Board of Directors (the “Board”) and, upon his retirement, shall assume the position of non-executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assume"},{"label":"Role","value":"non-executive Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}