8-K
filed September 18, 2023, 7:59 PM ET
ticker ADT
CIK 0001703056
leadership
confidence high
sentiment neutral
materiality 0.60
ADT appoints two Apollo-affiliated directors; names Jim DeVries Chairman, Matt Winter Lead Independent Director
ADT Inc.
- Eric L. Press retired as Class II director; succeeded by Marques Coleman (Apollo Principal) effective Sept 15, 2023.
- Nicole Bonsignore (Apollo Partner) appointed Class III director; will serve on Compensation Committee.
- CEO Jim DeVries named Chairman; Matthew Winter named Lead Independent Director; Reed Rayman chairs multiple committees.
- Bylaws amended to allow CEO, Lead Independent Director, or any two directors to call special board meetings.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Nicole Bonsignore was appointed as Class III Director at ADT Inc..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
Ms. Nicole Bonsignore, age 45, was appointed a member of the Board to serve as a Class III director, effective immediately, with a term expiring at the Company’s 2026 Annual Meeting of Stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Eric L. Press retired as Class II Director at ADT Inc..
- Action
- retired
- Role
- Class II Director
Exact text from the filing
Mr. Eric L. Press, who currently serves as a Class II director on the Board of Directors (the “ Board ”) of ADT Inc. (the “ Company ”), and as a Member of the Board’s Nominating and Corporate Governance Committee, with a term expiring at the Company’s 2025 Annual Meeting of Stockholders (the “ 2025 Annual Meeting ”), advised the Board on September 14, 2023 that he intended to retire from his position as a member of the Board effective upon the Board’s appointment of a successor, which occurred with the appointment of Mr. Marques Coleman to the Board on September 15, 2023, as described in more detail below.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Marques Coleman was appointed as Class II Director at ADT Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Mr. Marques Coleman, age 33, was appointed a member of the Board to serve as a Class II director, effective immediately, with a term expiring at the Company’s 2025 Annual Meeting of Stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Matthew Winter was named as Lead Independent Director at ADT Inc..
- Action
- named
- Role
- Lead Independent Director
Exact text from the filing
Mr. Matthew Winter, an independent Class II director of the Company and Chairman of the Audit Committee of the Board was named Lead Independent Director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jim DeVries was named as Chairman of the Board, President and Chief Executive Officer at ADT Inc..
- Action
- named
- Role
- Chairman of the Board, President and Chief Executive Officer
Exact text from the filing
Mr. Jim DeVries, the Company’s President and Chief Executive Officer, and a Class I director of the Company, was named Chairman of the Board, President and Chief Executive Officer.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
ADT Inc.: On September 15, 2023, the Board amended the bylaws to allow the Lead Independent Director or any two directors to call a special meeting of the Board, in addition to the Chief Executive Officer (effective 2023-09-15).
- Change
- bylaw amendment
- Effective
- 2023-09-15
Exact text from the filing
On September 15, 2023, the Board approved an amendment and restatement of the Company’s Amended and Restated Bylaws, dated as of July 22, 2020 (the “ Bylaws ”), effective immediately, to provide that in addition to the Company’s Chief Executive Officer, the Company’s Lead Independent Director or any two directors may call a special meeting of the Board.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
ADT Inc.: On September 15, 2023, the Board elected Marques Coleman as a Class II director and Nicole Bonsignore as a Class III director; appointed Jim DeVries as Chairman of the Board; Matthew Winter as Lead Independent Director; Reed Rayman as Chairman of the Compensation, Nominating and Corporate Governance (effective 2023-09-15).
- Effective
- 2023-09-15
Exact text from the filing
On September 15, 2023, the Board made the following changes effective immediately: • Mr. Jim DeVries, the Company’s President and Chief Executive Officer, and a Class I director of the Company, was named Chairman of the Board, President and Chief Executive Officer. • Mr. Matthew Winter, an independent Class II director of the Company and Chairman of the Audit Committee of the Board was named Lead Independent Director. • Mr. Reed Rayman, a Class III director of the Company and a designee of Apollo was named Chairman of each of the Board’s Compensation, Nominating and Corporate Governance, and Executive Committees. • Mr. Marques Coleman, age 33, was appointed a member of the Board to serve as a Class II director, effective immediately, with a term expiring at the Company’s 2025 Annual Meeting of Stockholders. Mr. Coleman joined Apollo in 2021 and currently serves as a Principal. Mr. Coleman joins the Board as a designee of Apollo. Mr. Coleman will serve on the Executive Committee. • Ms.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.