UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 28, 2023
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713 ) 570-3000
| (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) | ||||||||
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
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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 5.02—DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(c) As previously disclosed, Christopher D. Levendos has been acting as the interim Executive Vice President and Chief Operating Officer – Towers of Crown Castle Inc. ("Company") since October 1, 2023, in addition to serving in his existing position as the Executive Vice President and Chief Operating Officer – Fiber since December 1, 2020. The Company's Board of Directors has dispensed with Mr. Levendos' interim status, appointing him, effective November 27, 2023, to oversee both operating segments in his new role as Executive Vice President and Chief Operating Officer. There is no change to Mr. Levendos' compensation arrangement as a result of this appointment.
ITEM 7.01—REGULATION FD DISCLOSURE
On November 28, 2023, the Company issued a press release announcing the appointment of Mr. Levendos as Executive Vice President and Chief Operating Officer. The November 28, 2023 press release is furnished herewith as Exhibit 99.1.
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit Index
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | |||||||
The information in Item 7.01 of this Current Report on Form 8-K ("Form 8-K") and Exhibit 99.1 attached hereto are furnished as part of this Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information or exhibits be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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.
CROWN CASTLE INC. | ||||||||||||||
| By: | /s/ Edward B. Adams, Jr. | |||||||||||||
| Name: | Edward B. Adams, Jr. | |||||||||||||
| Title: | Executive Vice President and General Counsel | |||||||||||||
Date: November 27, 2023
Exhibit 99.1
 | NEWS RELEASE November 28, 2023 | |||||||
| Contacts: Dan Schlanger, CFO | |||||
| Kris Hinson, VP & Treasurer | |||||
| FOR IMMEDIATE RELEASE | Crown Castle Inc. | ||||
| 713-570-3050 | |||||
Crown Castle Appoints Chris Levendos as
Chief Operating Officer for Towers and Fiber
November 28, 2023 - HOUSTON, TEXAS - Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that, following a monthslong external and internal search, Chris Levendos has been appointed as Executive Vice President and Chief Operating Officer (COO) to lead both of the Company's operating segments, Towers and Fiber. In addition to his previous role as Executive Vice President and COO – Fiber, Mr. Levendos has been acting as interim Executive Vice President and COO – Towers since October 1, 2023.
"Crown Castle brings an unmatched portfolio of towers, small cells, and fiber assets and expertise to the market with a strategic focus on delivering the highest risk-adjusted returns for our shareholders. Chris' exceptional leadership skills and technological depth, coupled with his extensive industry experience, enable us to place our two operating segments under one leader to continue to improve how we reliably build and operate these critical assets for our customers," said Jay Brown, Crown Castle's Chief Executive Officer.
BIOGRAPHY
Chris Levendos was appointed as Crown Castle’s Executive Vice President and Chief Operating Officer in November 2023. Previously, he served as Executive Vice President and Chief Operating Officer – Fiber since December 2020, responsible for leading Crown Castle’s small cell and fiber solutions operations. Prior to this and since joining Crown Castle in June 2018, he served as Vice President of Fiber Operations. Chris is a leading force in driving innovation in network deployment with more than 30 years of experience operating and leading large fiber network organizations, previously serving at Frontier, Google and Verizon. Beginning his career at Verizon as a field technician, Chris progressed through a series of operational and engineering roles over 26 years concluding as the Region President for Verizon’s New York City wireline operations. He holds a BA from SUNY-Plattsburgh, a MS degree from New York University and a MS degree from Stevens Institute of Technology. Chris serves on the boards for the Regional Planning Association (RPA) and INCOMPAS and is a member of the President’s Leadership Council at Stevens Institute of Technology.
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 85,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.