ADT Inc. filed SEC Form 8-K: Leadership Update
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
Registrant’s Telephone Number, Including Area Code: |
|
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Retirement of William M. Lewis, Jr. and Lee J. Solomon from Board of Directors
On February 28, 2025, each of William M. Lewis, Jr., 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, and Lee J. Solomon, who currently serves as a Class I director on the Board with a term expiring at the Company’s 2027 Annual Meeting of Stockholders, retired from his position as a member of the Board.
Messrs. Lewis, Jr. and Solomon were designees of funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”). Each of Messrs. Lewis, Jr. and Solomon’s retirement is in conjunction with the Company ceasing to be a “controlled company” on March 19, 2024 for purposes of the New York Stock Exchange (the “NYSE”) rules and corporate governance standards due to a decrease in the Company’s ownership held by Apollo, which resulted in the Company being subject to a NYSE requirement to have the Board be comprised of a majority of independent directors within 12 months of such date. Neither of Mr. Lewis Jr.’s or Mr. Solomon’s retirement is a result of any disagreement with the Company or its Board, or any matter relating to the Company’s operations, policies or practices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
ADT Inc. |
|
|
|
|
Date: |
March 3, 2025 |
By: |
/s/ Noah Allen |
|
|
|
Noah Allen |