UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Appointment of Margaret M. Smyth as Director
Frontier Communications Parent, Inc. (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Margaret M. “Peggy” Smyth to serve as a director of the Company, effective June 30, 2021. In addition, Ms. Smyth was appointed by the Board to serve as Chair of the Audit Committee (succeeding Maryann Turcke, who will remain a member of the Audit Committee) and to serve as a member of the Operations Committee.
Ms. Smyth, age 57, served as the Chief Financial Officer of National Grid USA from October 2014 to June 2021, where she oversaw all finance, accounting, transactional, and property services for National Grid. Prior to joining National Grid, Ms. Smyth served as Vice President of Finance for Consolidated Edison, Inc. from 2012 to September 2014. Ms. Smyth previously served as Vice President and Chief Financial Officer of Hamilton Sundstrand, which is part of the former United Technologies Corp., from October 2010 to June 2011. Ms. Smyth also served as Vice President and Corporate Controller of United Technologies Corp. from August 2007 to September 2010, and Vice President and Chief Accounting Officer of 3M Corporation from April 2005 to August 2007. Ms. Smyth is currently a board member of two subsidiaries of Mutual of America, and is a board member and chair of the Audit Committee of Etsy, Inc.
The Compensation and Human Capital Committee has adopted a director compensation program for approval by the Board, and Ms. Smyth will participate in that program. The program consists of an annual equity retainer for 2021 with a grant date value of $300,000, an annual cash retainer of $100,000, and additional fees for committee membership and chair positions. There are no transactions in which Ms. Smyth has an interest that would require disclosure under Item 404(a) of Regulation S-K under the Securities Act.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press Release issued by Frontier Communications Parent, Inc. on June 30, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
| FRONTIER COMMUNICATIONS PARENT, INC. | ||||||
| Date: July 1, 2021 | By: | /s/ Mark D. Nielsen | ||||
| Mark D. Nielsen | ||||||
| Executive Vice President, Chief Legal & Regulatory Officer | ||||||