Crown Castle Issues Statement Regarding Ted Miller's Latest Attempt to Disrupt the Company's Momentum
2024年4月20日 - 5:15AM
Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or the “Company”)
today issued the following statement:
Consistent with the Boots Group’s
approach throughout its campaign, Ted Miller has again pursued a
litigation strategy that is attempting to interfere with Crown
Castle’s critical strategic and operational initiatives. In his
most recent motion, Ted Miller is seeking to prevent the Company
from expanding the size of its Board, which the Board has recently
done by adding Steven Moskowitz as a director at the time of Mr.
Moskowitz’s appointment as Crown Castle’s President and CEO.
Although the Company vigorously disputes the claims in the Boots
Group’s lawsuit, Crown Castle has decided it will not include
Steven Moskowitz on its slate of director nominees for the
Company’s 2024 Annual Meeting of Stockholders to avoid the
distraction and expense of Ted Miller’s litigation. Shareholders
will continue to have the opportunity to vote on the Company’s
remaining 12 highly qualified incumbent directors. All the current
independent directors of the Board intend to vote to appoint Mr.
Moskowitz to the Board immediately after the 2024 Annual Meeting.
The Company and CEO Steven Moskowitz will continue to focus on
advancing initiatives aimed at creating value for all
shareholders.
Advisors
Morgan Stanley is serving as financial advisor, and Paul,
Weiss, Rifkind, Wharton & Garrison LLP is serving as legal
counsel, to the Company.
About Crown Castle
Crown Castle owns, operates and leases more than 40,000
cell towers and approximately 90,000 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.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. Statements that are not historical
facts are hereby identified as forward-looking statements. In
addition, words such as “estimate,” “anticipate,” “project,”
“plan,” “intend,” “believe,” “expect,” “likely,” “predicted,”
“positioned,” “continue,” “target,” “seek,” “focus” and any
variations of these words and similar expressions are intended to
identify forward-looking statements. Examples of forward-looking
statements include (1) that the actions set forth in this press
release best position the Company for long term success, including
our Board’s regular evaluation of all paths to enhance shareholder
value, (2) that the Company will benefit from the experience and
insights of the directors, and (3) that the Company will identify
the best path forward to capitalize on significant opportunities
for growth in our industry. Such forward-looking statements should,
therefore, be considered in light of various risks, uncertainties
and assumptions, including prevailing market conditions, risk
factors described in “Item 1A. Risk Factors” of the Annual Report
on Form 10-K for the fiscal year ended December 31,
2023 and other factors. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expected.
Unless legally required, the Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Our filings with the SEC are available through
the SEC website at www.sec.gov or through our
investor relations website at investor.crowncastle.com. We use
our investor relations website to disclose information about us
that may be deemed to be material. We encourage investors, the
media and others interested in us to visit our investor relations
website from time to time to review up-to-date information or to
sign up for e-mail alerts to be notified when new or updated
information is posted on the site.
Important Stockholder Information
The Company
filed a definitive proxy statement and
a WHITE proxy card with
the SEC in connection with its solicitation of proxies
for its 2024 Annual Meeting. THE COMPANY’S STOCKHOLDERS ARE
STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE
ACCOMPANYING WHITE PROXY CARD, AND ANY
AMENDMENTS AND SUPPLEMENTS TO THESE DOCUMENTS, AS THEY CONTAIN
IMPORTANT INFORMATION. Stockholders may or will be able to obtain
the proxy statement, any amendments or supplements to the proxy
statement, and other documents without charge from the SEC’s
website at www.sec.gov.
Participant Information
The Company, its directors, director nominees, certain of its
officers, and other employees are or will be “participants”
(as defined in Section 14(a) of the U.S. Securities
Exchange Act of 1934, as amended) in the solicitation of proxies
from the Company’s stockholders in connection with the matters to
be considered at the 2024 Annual Meeting. The identity, their
direct or indirect interests (by security holdings or otherwise),
and other information relating to the participants is available in
the Company’s definitive proxy statement on Schedule 14A filed with
the SEC on April 11, 2024, on the section entitled
“Beneficial Ownership of Common Stock” (on page 90) and Appendix C
(on page C-1). To the extent the holdings by the
“participants” in the solicitation reported in the Company’s
definitive proxy statement have changed, such changes have been or
will be reflected on “Statements of Change in Ownership” on Forms
3, 4 or 5 filed with the SEC. All these documents are or will
be available free of charge at the SEC’s website
at www.sec.gov.
CONTACTS:Dan Schlanger, CFOKris Hinson, VP
& TreasurerCrown Castle Inc.713-570-3050
MEDIA:Andy Brimmer / Adam
PollackJoele Frank, Wilkinson Brimmer Katcher212-355-4449
Crown Castle (NYSE:CCI)
過去 株価チャート
から 1 2025 まで 2 2025
Crown Castle (NYSE:CCI)
過去 株価チャート
から 2 2024 まで 2 2025