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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: September 1, 2021

(Date of earliest event reported)

 

 

VERIZON COMMUNICATIONS INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-8606   23-2259884

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

1095 Avenue of the Americas

New York, New York

   10036
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(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

Common Stock, par value $0.10   VZ   New York Stock Exchange
Common Stock, par value $0.10   VZ   The NASDAQ Global Select Market
1.625% Notes due 2024   VZ 24B   New York Stock Exchange
4.073% Notes due 2024   VZ 24C   New York Stock Exchange
0.875% Notes due 2025   VZ 25   New York Stock Exchange
3.25% Notes due 2026   VZ 26   New York Stock Exchange
1.375% Notes due 2026   VZ 26B   New York Stock Exchange
0.875% Notes due 2027   VZ 27E   New York Stock Exchange
1.375% Notes due 2028   VZ 28   New York Stock Exchange
1.125% Notes due 2028   VZ 28A   New York Stock Exchange
2.350% Fixed Rate Notes due 2028   VZ28C   New York Stock Exchange
1.875% Notes due 2029   VZ 29B   New York Stock Exchange
0.375% Notes due 2029   VZ 29D   New York Stock Exchange
1.250% Notes due 2030   VZ 30   New York Stock Exchange
1.875% Notes due 2030   VZ 30A   New York Stock Exchange
2.625% Notes due 2031   VZ 31   New York Stock Exchange
2.500% Notes due 2031   VZ 31A   New York Stock Exchange
3.000% Fixed Rate Notes due 2031   VZ31D   New York Stock Exchange
0.875% Notes due 2032   VZ 32   New York Stock Exchange
0.750% Notes due 2032   VZ 32A   New York Stock Exchange
1.300% Notes due 2033   VZ 33B   New York Stock Exchange
4.75% Notes due 2034   VZ 34   New York Stock Exchange
3.125% Notes due 2035   VZ 35   New York Stock Exchange
1.125% Notes due 2035   VZ 35A   New York Stock Exchange
3.375% Notes due 2036   VZ 36A   New York Stock Exchange
2.875% Notes due 2038   VZ 38B   New York Stock Exchange
1.875% Notes due 2038   VZ 38C   New York Stock Exchange
1.500% Notes due 2039   VZ 39C   New York Stock Exchange
3.50% Fixed Rate Notes due 2039   VZ 39D   New York Stock Exchange
1.850% Notes due 2040   VZ40   New York Stock Exchange
3.850% Fixed Rate Notes due 2041   VZ41C   New York Stock Exchange

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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 1, 2021, upon the completion of the Sale (as defined in Item 8.01 of this Form 8-K), Mr. Guru Gowrappan ceased to serve in his capacity as an executive officer of Verizon Communications Inc. (“Verizon”) with the title of Executive Vice President and Group CEO - Verizon Media.

Item 8.01. Other Events.

On September 1, 2021, Verizon completed the previously announced sale of all of the outstanding equity interests of Oath Inc., a Delaware corporation (“Oath”), and Verizon Media Netherlands B.V., a private limited liability company (besloten vennootschap) organized under the laws of the Netherlands (“Dutch Seller”), which together comprised Verizon’s Verizon Media Group business (the “Sale”), to College Parent, L.P., a Delaware limited partnership (“Purchaser”) pursuant to that certain stock purchase agreement, dated May 2, 2021 (the “Purchase Agreement”) by and among Verizon, Dutch Seller and Purchaser. Pursuant to the Purchase Agreement, the consideration for the Sale consisted of approximately $4.25 billion in cash, subject to customary adjustments, $750,000,000 in non-convertible preferred limited partnership units of the Purchaser, and 10% of the fully diluted common limited partnership units of Purchaser.

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.

 

    VERIZON COMMUNICATIONS INC.
Date: September 1, 2021     By  

/s/ William L. Horton, Jr.

      William L. Horton, Jr.
      Senior Vice President, Deputy General Counsel and Corporate Secretary