SBA COMMUNICATIONS CORP false 0001034054 0001034054 2024-05-23 2024-05-23

 

 

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) May 23, 2024

 

 

SBA Communications Corporation

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Florida   001-16853   65-0716501

(State or Other Jurisdiction

of Incorporation)

   (Commission
File Number)		  

(IRS Employer

Identification No.)

 

8051 Congress Avenue

Boca Raton, FL

   33487
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (561) 995-7670

(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:

 

☐

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)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange

on which registered

Class A Common Stock, $0.01 par value per share   SBAC  

The NASDAQ Stock Market LLC

(NASDAQ Global Select Market)

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 5.07

Submission of Matters to a Vote of Security Holders.

On May 23, 2024, SBA Communications Corporation (the “Company”) held its 2024 Annual Meeting of Shareholders. At the 2024 Annual Meeting of Shareholders, the shareholders voted on (i) the election of four director nominees (Proposal 1), (ii) the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year (Proposal 2), and (iii) the approval, on an advisory basis, of the compensation of the Company’s named executive officers (Proposal 3). The results of the votes are set forth below.

Proposal 1

The shareholders voted in favor of the election of the following director nominees as Class I directors for a term of office expiring at the 2027 Annual Meeting of Shareholders and, in each case, until his or her successor is duly elected and qualified.

 

     For      Against      Abstain      Broker Non-Vote  

Brendan T. Cavanagh

      90,491,304        1,307,158        24,357        4,625,028  

Mary S. Chan

      82,357,787        9,440,395        24,637        4,625,028  

Jay L. Johnson

      86,030,020        5,766,099        26,700        4,625,028  

George R. Krouse, Jr.

      80,346,229        11,399,968        76,622        4,625,028  

Proposal 2

The shareholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year.

 

For

  

Against

  

Abstain

  

Broker Non-Vote

91,038,992   5,387,659   21,196   —

Proposal 3

The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers.

 

For

  

Against

  

Abstain

  

Broker Non-Vote

88,158,433   3,579,793   84,593   4,625,028

 

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.

 

SBA COMMUNICATIONS CORPORATION
By:  

/s/ Marc Montagner

  Marc Montagner
  Executive Vice President and Chief Financial Officer

Date: May 24, 2024

v3.24.1.1.u2
Document and Entity Information
May 23, 2024
Cover [Abstract]  
Entity Registrant Name SBA COMMUNICATIONS CORP
Amendment Flag false
Entity Central Index Key 0001034054
Document Type 8-K
Document Period End Date May 23, 2024
Entity Incorporation State Country Code FL
Entity File Number 001-16853
Entity Tax Identification Number 65-0716501
Entity Address, Address Line One 8051 Congress Avenue
Entity Address, City or Town Boca Raton
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33487
City Area Code (561)
Local Phone Number 995-7670
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Class A Common Stock, $0.01 par value per share
Trading Symbol SBAC
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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