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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: November 23, 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    VZ 28C    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    VZ 31D    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    VZ 40    New York Stock Exchange
3.850% Fixed Rate Notes due 2041    VZ 41C    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 3.02.

Unregistered Sales of Equity Securities.

In connection with the closing of the TracFone Transaction (as defined below under Item 8.01), Verizon Communications Inc. (“Verizon”) issued 57,596,544 shares of its common stock, par value $0.10 per share (the “Acquisition Shares”), to AMX USA Holding, S.A. de C.V., a Sociedad Anónima de Capital Variable organized under the laws of Mexico (“AMX USA”), as partial consideration for the TracFone Transaction. The Acquisition Shares were issued to AMX USA without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on the private offering exemption provided by Section 4(a)(2) thereof, pursuant to AMX USA’s status as an “accredited investor,” as such term is defined in Rule 501 under the Securities Act.

In connection with such issuance, Verizon entered into a registration rights agreement with AMX USA pursuant to which Verizon agreed to file within one business day following the Closing Date (as defined below) an automatic shelf registration statement under the Securities Act to permit the resale of the Acquisition Shares by AMX USA, subject to the terms and conditions therein.

 

Item 8.01.

Other Events.

On November 23, 2021 (the “Closing Date”), Verizon completed its previously announced acquisition (the “TracFone Transaction”) of TracFone Wireless, Inc., a Delaware corporation (“TracFone”), in accordance with the stock purchase agreement (the “Stock Purchase Agreement”), dated September 13, 2020, by and among Verizon, América Móvil, S.A.B. de C.V., a Sociedad Anónima Bursátil de Capital Variable organized under the laws of Mexico, and AMX USA.

The purchase price paid by Verizon consists of cash consideration of $3.125 billion subject to customary adjustments, the Acquisition Shares and up to an additional $650 million in future cash consideration related to the achievement of certain performance measures and other commercial arrangements.

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.
  (Registrant)
By:  

/s/ William L. Horton, Jr.

Name:   William L. Horton, Jr.
Title:   Senior Vice President, Deputy General Counsel and Corporate Secretary
Date: November 23, 2021
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