FALSE000170305600017030562023-09-182023-09-18


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): December 15, 2023
ADT Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3835247-4116383
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
1501 Yamato Road
Boca Raton, Florida 33431
(Address of principal executive offices)
(561) 988-3600
(Registrant’s telephone number, including area code)
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareADTNew 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. o


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Kenneth J. Porpora as Executive Vice President and Chief Financial Officer
On December 15, 2023, Kenneth J. Porpora, Executive Vice President and Chief Financial Officer (“CFO”) of ADT Inc. (“ADT” or the “Company”) informed the Company and its board of directors (the “Board”) of his decision to step down from such positions, effective as of December 29, 2023, to become the Chief Executive Officer of a privately-held company.
(c) Appointment of Jeffrey A. Likosar as Interim Chief Financial Officer
On December 19, 2023, the Board appointed Jeffrey A. Likosar, 53, currently ADT’s President, Corporate Development and Chief Transformation Officer, to serve as Interim Chief Financial Officer of the Company (“Interim CFO”), effective as of December 30, 2023, while the Board undertakes a search to identify the Company’s next CFO. Mr. Likosar previously served as the Company’s CFO from February 2017 until August 2022.
Information regarding Mr. Likosar’s positions and offices with the Company and business experience is disclosed under “Executive Officers – Jeffrey A. Likosar” in the Company’s definitive Proxy Statement for its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the Securities and Exchange Commission on April 11, 2023. There is no arrangement or understanding between Mr. Likosar and any other person pursuant to which Mr. Likosar was selected as Interim CFO, and there are no family relationships between Mr. Likosar and any of the Company’s directors or executive officers. There are no transactions involving Mr. Likosar that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Mr. Likosar will continue to serve as President, Corporate Development and Chief Transformation Officer and to participate in the benefit and other plans and arrangements he currently participates in, as described under “Executive Compensation – Compensation Discussion and Analysis” in the 2023 Proxy Statement. His compensation arrangements with the Company will not change in connection with his appointment to the additional office of Interim CFO.
A copy of the press release announcing the departure of Mr. Porpora and the appointment of Mr. Likosar as Interim CFO is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
ExhibitDescription
104Cover Page Interactive Data File - the cover page XBRL tags are 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.
Date:December 20, 2023ADT Inc.
By:
/s/ David W. Smail
David W. Smail
Executive Vice President, Chief Legal Officer and Secretary

ADT Announces Departure of Ken Porpora, Chief Financial Officer BOCA RATON, Fla., Dec. 20, 2023 – ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced that Ken Porpora, Executive Vice President and Chief Financial Officer (CFO), will step down to become the Chief Executive Officer of a privately held HVAC and plumbing services provider. Porpora will depart the company at year end. Jeff Likosar, President, Corporate Development and Chief Transformation Officer, will serve as the interim CFO. Likosar previously served as the company’s CFO from 2017 to 2022. ADT has begun the external search process of evaluating CFO candidates. “Ken has been a tremendous partner and an outstanding leader for ADT throughout his many successful years at our company,” said Jim DeVries, ADT Chairman, President and CEO. “I’d like to express my gratitude to Ken for his stewardship and significant contributions to ADT.” “ADT has been my home for the last 25 years,” said Porpora. “As I embark on this new journey, I want to extend my heartfelt thanks to my colleagues for a wonderful career chapter. It has been an honor to serve alongside ADT’s leaders, and I have full confidence in the future of ADT.” About ADT ADT provides safe, smart and sustainable solutions for people, homes and small businesses. Through innovative offerings, unrivaled safety and a premium customer experience, all delivered by one of the largest networks of smart home security and rooftop solar professionals in the U.S., we empower people to protect and connect to what matters most. For more information, visit adt.com. ADT contacts:  Media Relations media@adt.com Investor Relations Investorrelations@adt.com 888-238-8525 Exhibit 99.1

 
v3.23.4
Cover
Sep. 18, 2023
Cover [Abstract]  
Document Period End Date Dec. 15, 2023
Document Type 8-K
Entity Incorporation, State or Country Code DE
Entity File Number 001-38352
Entity Tax Identification Number 47-4116383
Entity Address, Address Line One 1501 Yamato Road
Entity Address, City or Town Boca Raton
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33431
City Area Code 561
Local Phone Number 988-3600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Trading Symbol ADT
Security Exchange Name NYSE
Entity Emerging Growth Company false
Title of 12(b) Security Common Stock, par value $0.01 per share
Entity Central Index Key 0001703056
Amendment Flag false
Entity Registrant Name ADT Inc.
ADT (NYSE:ADT)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more ADT Charts.
ADT (NYSE:ADT)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more ADT Charts.