Source-grounded facts extracted from ADT Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ADT Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-24 meeting.
“Proposal 3. To ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
ADT Inc. shareholders approved Advisory vote to approve the compensation of the Company's named executive officers (say-on-pay vote) at the 2023-05-24 meeting.
“Proposal 2. To conduct an advisory vote to approve the compensation of the Company’s named executive officers (a "say-on-pay vote").”
ADT Inc. shareholders approved Election of Marc E. Becker, Stephanie Drescher, Reed B. Rayman and Sigal Zarmi as Class III directors for a term of three years expiring at the 2026 annual meeting at the 2023-05-24 meeting.
“Proposal 1. To elect Marc E. Becker, Stephanie Drescher, Reed B. Rayman and Sigal Zarmi to the Board of Directors of the Company as Class III directors, in each case, for a term of three years expiring at the annual meeting of stockholders to be held in 2026.”
ADT Inc. reported Full year 2023 results: revenue $6,600 - $6,850, EPS $0.30 - $0.40. Guidance reaffirmed.
“2023 FINANCIAL OUTLOOK The Company is reiterating its financial guidance for 2023: (in millions) Total Revenue $6,600 - $6,850 Adjusted EBITDA $2,525 - $2,625 Adjusted EPS $0.30 - $0.40 Adjusted Free Cash Flow (including interest rate swaps) $600 - $700 Adjusted Free Cash Flow $525 - $625”
ADT Inc. reported Three months ended March 31, 2023 results: revenue $1.6 billion, net income $90 million loss, EPS $(0.10) per diluted share.
“Financial highlights for the first quarter of 2023 are listed below. Variances are on a year-over-year basis unless otherwise noted. • Total revenue of $1.6 billion, up 4%, and end-of-period recurring monthly revenue (RMR) of $378 million, up 4% • High customer retention with gross customer revenue attrition maintaining record low of 12.5% • Record revenue payback of 2.0 years • GAAP net loss of $90 million, or a loss of $(0.10) per diluted share, down $141 million, which includes $193 million negative impact from Solar segment goodwill impairment • Adjusted net income of $102 million, or $0.12 per diluted share, up $109 million • Adjusted EBITDA of $625 million, up $24 million or 4%”
ADT Inc. entered into Performance Support Agreement (reaffirmation) with ADT Inc. valued at ADT Inc. reaffirmed its existing Performance Support Agreement in connection with the amendment (effective 2023-03-29).
“In addition, in connection with the effectiveness of the Amendment to Receivables Financing Agreement, ADT Inc. was required to reaffirm its existing Performance Support Agreement in the form included as Annex A to the Amendment to Receivables Financing Agreement (the “ Performance Support Agreement ”).”
ADT Inc. entered into Incremental Assumption and Amendment Agreement No. 1 to the Credit Agreement with Administrative Agent and lenders party thereto valued at $50,000,000 (effective 2023-03-14).
“On March 14, 2023, Holdings, the Borrowers and the subsidiary loan parties party thereto entered into an Incremental Assumption and Amendment Agreement No. 1 to the Credit Agreement (the “ Incremental Amendment ”) with the Administrative Agent and the lenders party thereto, pursuant to which such lenders have agreed, at the option of the Borrowers and subject to the satisfaction or waiver of customary conditions, to provide the Borrowers with an aggregate principal amount of $50 million of incremental term loans (the “ Incremental Term Loans ”) under the Term Loan A Facility on or before the scheduled maturity date of the 2023 Notes, which is June 15, 2023.”
ADT Inc. entered into Term Loan Credit Agreement with Barclays Bank PLC valued at $600,000,000 (effective 2023-03-14).
“On March 14, 2023, Prime Security Services Holdings, LLC (“ Holdings ”), a Delaware limited liability company and a wholly owned direct subsidiary of ADT Inc. (the “ Company ”), Prime Security Services Borrower, LLC, a Delaware limited liability company and a wholly owned direct subsidiary of Holdings (“ Borrower ”), and The ADT Security Corporation, a Delaware corporation and a wholly owned direct subsidiary of Borrower (“ ADTSC ”, and together with the Borrower, the “ Borrowers ”), entered into a term loan credit agreement (the “ Credit Agreement ”) with Barclays Bank PLC, as administrative agent, and the lenders party thereto, pursuant to which such lenders have provided the Borrowers with an aggregate principal amount of $600 million of term loans (the “ Closing Date Term Loans ”) under a senior secured term loan A facility (the “ Term Loan A Facility ”).”
ADT Inc. reported financial results for the fourth quarter and full year of 2022.
“On February 28, 2023, the Company issued a press release announcing its financial results for the three months and year ended December 31, 2022.”
Keith Holmes departed as Executive Vice President and Chief Revenue Officer at ADT Inc..
“The Company has announced that Mr. Keith Holmes, the Company’s Executive Vice President and Chief Revenue Officer, will be leaving the Company effective December 16, 2022.”
ADT Inc. reported the three and nine months ended September 30, 2022 results: revenue $1.6 billion, net income $(0.13) per diluted share, EPS $(0.13) per diluted share. Guidance reaffirmed.
“third quarter of 2022. Financial highlights for the third quarter of 2022 are listed below. Variances are on a year-over-year basis unless otherwise noted. • Total revenue of $1.6 billion, up 22% or 8% excluding Solar, and end-of-period Recurring Monthly Revenue (RMR) of $372 million, up 4% • Record high customer retention with gross customer revenue attrition at”
Paul Smith was appointed as Director at ADT Inc..
“appointed Paul Smith, Executive Vice President and Chief Operating Officer of State Farm Mutual Automobile Insurance Company, the Investor’s parent entity, as a member of the Board to serve as a Class II director”
Kenneth J. Porpora was appointed as Executive Vice President and Chief Financial Officer at ADT Inc..
“On August 16, 2022, the Company appointed Mr. Kenneth J. Porpora, age 46, to serve as its Executive Vice President and Chief Financial Officer, effective immediately.”
Jeffrey Likosar changed role as President, Corporate Development and Chief Transformation Officer at ADT Inc..
“Mr. Jeffrey Likosar, the Company’s President, Corporate Development and Chief Financial Officer has assumed the position of President, Corporate Development and Chief Transformation Officer, and is no longer serving as the Company’s Chief Financial Officer, effective August 16, 2022.”
William Lewis, Jr. was appointed as Class II director at ADT Inc..
“On June 15, 2022, the Board appointed Mr. William Lewis, Jr., age 66, as a member of the Board to serve as a Class II director with a term expiring at the 2025 Annual Meeting.”
Matthew H. Nord retired as Class II director at ADT Inc..
“Mr. Matthew H. Nord, who currently serves as a Class II director on the Board of Directors (the “Board”) of ADT Inc. (the “Company”), with a term expiring at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), has retired from his position as a member of the Board effective June 15, 2022.”
Benjamin Honig was appointed as Class I Director at ADT Inc..
“On April 7, 2022, the Board appointed Mr. Benjamin Honig, age 33, as a member of the Board to serve as a Class I director with a term expiring at the 2024 Annual Meeting.”
Steven Burzo was appointed as Vice President, Chief Accounting Officer and Controller at ADT Inc..
“On April 7, 2022, the Company appointed Mr. Steven Burzo, age 39, to serve as its Vice President, Chief Accounting Officer and Controller, effective immediately.”
David Ryan resigned as Class I Director at ADT Inc..
“Mr. Ryan’s tenure as the Designee has ended, and he no longer serves on the Board effective April 7, 2022.”
Andrew D. Africk retired as Director at ADT Inc..
“Mr. Andrew D. Africk will retire from his position as a member of the Board of Directors (the "Board") of ADT Inc. (the "Company") effective immediately upon the completion of the Company’s 2022 Annual Meeting of Stockholders which will be held on May 25, 2022”
Zachary Susil changed role as Senior Vice President and Chief Financial Officer, ADT Solar at ADT Inc..
“On January 10, 2022, ADT Inc. (the “Company”) promoted Mr. Zachary Susil, the Company’s Controller and Chief Accounting Officer, to the additional role of Senior Vice President and Chief Financial Officer, ADT Solar, a recently acquired subsidiary of the Company that is focused on the solar industry.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.