---
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"
generated_at: "2026-06-19T06:18:02.407193+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SBA Communications CEO Jeff Stoops to retire Dec 31, 2023; CFO Brendan Cavanagh to succeed as President and CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-043490
- JSON: https://secwatch.observer/filing/0001193125-23-043490.json
- Plain text: https://secwatch.observer/filing/0001193125-23-043490.txt

## Key facts
- Executive change
  Brendan Cavanagh was appointed as President and Chief Executive Officer at SBA COMMUNICATIONS CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm
- Executive change
  Brendan Cavanagh was appointed as Director at SBA COMMUNICATIONS CORP.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm
- Executive change
  Jeffrey Stoops departed as President and Chief Executive Officer at SBA COMMUNICATIONS CORP.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm
- Executive change
  Jeffrey Stoops was appointed as non-executive Chairman of the Board at SBA COMMUNICATIONS CORP.
  - Action: assume
  - Role: non-executive Chairman of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043490/0001193125-23-043490-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.