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): July 21, 2022
AMERICAN TOWER CORPORATION
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
(Address of Principal Executive Offices) (Zip Code)
(617 ) 375-7500
(Registrant's telephone number, including area code)
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| | ||||||||
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 7.01 Regulation FD Disclosure.
On July 21, 2022, American Tower Corporation (the “Company”) issued a press release (the “Press Release”) announcing the release of its 2021 sustainability report. A copy of the Press Release is furnished herewith as Exhibit 99.1.
The information in this Current Report on Form 8-K and Exhibit 99.1 are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information or exhibit be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
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.
| AMERICAN TOWER CORPORATION | |||||||||||
| (Registrant) | |||||||||||
| Date: | July 21, 2022 | By: | /s/ Rodney M. Smith | ||||||||
| Rodney M. Smith | |||||||||||
| Executive Vice President, Chief Financial Officer and Treasurer | |||||||||||
Exhibit 99.1
ATC Contact: Adam Smith
Senior Vice President, Investor Relations
Telephone: (617) 375-7500
AMERICAN TOWER CORPORATION RELEASES 2021 SUSTAINABILITY REPORT
Boston, Massachusetts – July 21, 2022 – American Tower Corporation (NYSE: AMT) today announced the release of its 2021 sustainability report. The report outlines the Company’s sustainability strategy which is built upon three core pillars—Environment, Social and Governance (ESG)—and provides a comprehensive overview of the actions the Company is taking as it strives to meet its objectives in these critical areas.
Through a dedicated focus on its sustainability strategy and commitment to positively impacting customers, employees, stockholders, suppliers and its served communities, American Tower continues to make strong advancements within each of its ESG pillars. The report highlights this progress against key quantitative and qualitative sustainability goals, including science-based greenhouse gas (GHG) emissions reduction targets and advancements on diversity, equity and inclusion.
Tom Bartlett, American Tower’s President and Chief Executive Officer, stated, “Our sustainability program is grounded in our strategic priorities to foster a more equitable culture for our employees, improve our operational efficiencies, support the needs of our customers, uphold ethics and integrity at every level of the organization and engage with our local communities. Steadfast commitment to these key priorities will be integral to our continued success, especially as we continue to grow our business in this technology-driven era.”
Key highlights from the 2021 report include:
•Adopted science-based GHG emissions reduction targets, approved by the Science Based Targets initiative, reflecting the goals set forth in the 2015 Paris Agreement and the Company’s efforts to limit future global warming to well below two degrees Celsius above pre-industrial levels
•Achieved 78% of the Company’s 2025 second-generation renewable energy goal by expanding its portfolio to include 58MW of solar capacity installed at almost 11,000 sites
•Established American Tower’s 308th Digital Community, achieving over 15% progress toward the Company’s goal of establishing 2,000 Digital Communities by the end of 2026
•Distributed nearly $6 million to communities globally through workplace giving and matching programs, volunteer events, disaster-relief donations and financial contributions from the American Tower Foundation
•Became a signatory to the United Nations (UN) Global Compact and the UN’s Women’s Empowerment Principles in early 2022, reinforcing the Company’s continued commitment to promoting and maintaining an ethical, diverse and inclusive culture
For more information on American Tower’s sustainability program and to view the Company’s 2021 Sustainability Report, please visit the “Sustainability” section of the Company’s website at www.americantower.com/sustainability.
About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 221,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended December 31, 2021 under the caption “Risk Factors.” The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
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