SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): December 7, 2017
AMERICAN TOWER CORPORATION
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of
(IRS Employer Identification
116 Huntington Avenue
Boston, Massachusetts 02116
(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 (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 Other Events.
On December 7, 2017, American Tower Corporation (the “Company”) issued a press release (the “Press Release”) announcing that (i) its Board of Directors (the “Board”) declared a cash distribution of $0.70 per share of the Company’s common stock, payable on January 16, 2018 to such stockholders of record at the close of business on December 28, 2017 and (ii) the Board approved a new stock repurchase program pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock. The Company currently has approximately $345 million remaining authorized for repurchase pursuant to its existing stock repurchase program approved in March 2011.
A copy of the Press Release is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
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.
AMERICAN TOWER CORPORATION
December 7, 2017
/s/ Thomas A. Bartlett
Thomas A. Bartlett
Executive Vice President, Chief Financial Officer and Treasurer
Contact: Igor Khislavsky
Director, Investor Relations
Telephone: (617) 375-7500
AMERICAN TOWER CORPORATION DECLARES QUARTERLY DISTRIBUTION
AND ANNOUNCES NEW STOCK REPURCHASE PROGRAM
BOSTON, MASSACHUSETTS - December 7, 2017 - American Tower Corporation (NYSE: AMT) announced that its board of directors has declared its quarterly cash distribution of $0.70 per share on shares of the Company’s common stock. The distribution is payable on January 16, 2018 to such stockholders of record at the close of business on December 28, 2017.
In addition, the Company’s board of directors approved a new stock repurchase program pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock. The Company currently has approximately $345 million remaining under its existing stock repurchase program approved in March 2011.
About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 149,000 communications sites. For more information about American Tower, please visit www.americantower.com.
Regarding Forward-Looking Statements
This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended December 31, 2016 under the caption “Risk Factors.” The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.