Verizon Communications INC 8-K filings

Verizon Communications Inc. shareholders approved all management-backed proposals, including the re-election of directors and executive compensation, while defeating all shareholder proposals at their 2025 Annual Meeting.

Verizon announces strong first-quarter 2025 financial results, driven by industry-leading wireless service revenue and a successful customer segmentation strategy.

Verizon increases CEO Hans Vestberg's long-term incentive opportunity and provides recast historical financial and operating information to reflect changes in revenue classification and metric calculations.

Verizon expects its Q1 2025 Consumer postpaid phone net additions to be affected by increased churn and flat to slightly down gross additions due to recent pricing actions, but remains confident in its full-year guidance.

Rodney E. Slater, a member of Verizon's Board of Directors, will not seek re-election when his term concludes at the company's 2025 annual shareholder meeting.

Verizon announced strong operational and financial results for the fourth quarter and full year 2024, driven by significant customer growth and strategic initiatives.

Verizon Communications Inc. has amended its bylaws, updating rules for director nominations and election procedures, effective December 5, 2024.

Verizon has updated its broadband strategy, exceeding its fixed wireless subscriber target 15 months ahead of schedule and setting new goals for fixed wireless and fiber expansion.

Verizon exceeded its fixed wireless subscriber target 15 months ahead of schedule and saw double-digit growth in total broadband connections, while also reporting a year-over-year increase in wireless service revenue.

Verizon has agreed to sell the rights to lease, operate, and manage 6,339 wireless towers to Vertical Bridge for approximately $3.3 billion, structured as a prepaid lease with $2.8 billion in upfront cash.

Verizon anticipates recording charges between $1.93 billion and $2.28 billion in the third quarter of 2024 due to a voluntary separation program and asset rationalization.

Verizon is set to acquire Frontier Communications for $20 billion, significantly increasing its fiber network reach and bolstering its broadband strategy.

Verizon has announced a definitive agreement to acquire Frontier Communications for $20 billion in cash, significantly expanding its fiber network and accelerating its broadband and mobility service offerings.

Verizon Communications Inc. has agreed to acquire Frontier Communications Parent, Inc. for $20 billion in an all-cash transaction, significantly expanding its fiber network and customer base.

Verizon has successfully concluded its private exchange offer, swapping existing notes for new notes due in 2035.

Verizon has announced the early results of its private exchange offers for 10 series of notes and has extended the early participation date to August 19, 2024.

Verizon has increased the interest rate spread for its private exchange offers of 10 series of notes from 100 to 107 basis points over the yield of the reference U.S. Treasury security.

Verizon is offering to exchange up to $2.5 billion of existing notes maturing between 2025 and 2028 for new notes due in 2035.

Verizon's second-quarter 2024 results show strong growth in wireless service revenue and broadband subscribers, with the company remaining on track to meet its full-year financial guidance.

Verizon Communications Inc. has elected Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck & Co., Inc., to its Board of Directors, effective October 1, 2024.

Verizon Communications Inc. announced that Executive Vice President Craig L. Silliman will step down from his current role on July 1, 2024, transitioning to a strategic advisor position until the end of the year.

Verizon's 2024 Annual Meeting saw the election of all director nominees, approval of executive compensation, and the rejection of several shareholder proposals.

Verizon's first quarter of 2024 saw strong wireless service revenue growth, solid cash flow, and continued momentum in broadband, positioning the company for growth and profitability throughout the year.

Verizon has transferred approximately $5.9 billion in pension liabilities to Prudential and RGA through the purchase of group annuity contracts, affecting 56,000 retirees.

Verizon's CFO, Anthony T. Skiadas, received a significant compensation increase effective January 1, 2024, including a base salary raise and a higher long-term incentive target.

Melanie L. Healey, a member of Verizon's Board of Directors, will not seek re-election when her term expires at the company's 2024 annual shareholder meeting.

Verizon finished 2023 with strong cash flow and wireless customer growth, despite a net loss in the fourth quarter due to significant special items.

Verizon has recorded a $5.8 billion non-cash goodwill impairment charge in its Business reporting unit due to lower financial projections.