UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. | Other Events. |
On September 1, 2020, the New York Stock Exchange (“NYSE”) notified Clear Channel Outdoor Holdings, Inc. (the “Company”) that the Company had regained compliance with the NYSE’s continued listing standards after its average closing price for the 30-trading days ended August 31, 2020 was above the NYSE’s minimum requirement of $1.00 per share based on a 30-trading day average. As previously disclosed, on August 4, 2020, the Company was notified by NYSE of its noncompliance with the NYSE’s continued listing standards because the average closing price of shares of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days.
On September 2, 2020, the Company issued a press release announcing the Company has regained compliance with the NYSE’s continued listing standards. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description of Exhibit | |
99.1 | Press Release dated September 2, 2020. | |
104 | Cover Page Interactive Data File (formatted as inline XBRL). |
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.
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. | ||||||
Date: September 2, 2020 | By: | /s/ Brian D. Coleman | ||||
Name: | Brian D. Coleman | |||||
Title: | Chief Financial Officer and Treasurer |
Exhibit 99.1
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REGAINS COMPLIANCE
WITH NYSE MINIMUM PRICE LISTING STANDARD
SAN ANTONIO, September 2, 2020 Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the Company) today announced that on September 1, 2020, the Company was notified by the New York Stock Exchange (NYSE) that the Company had regained compliance with the NYSEs continued listing standards.
As previously disclosed, on August 4, 2020, Clear Channel Outdoor received formal notice from the NYSE that it was not in compliance with the NYSEs continued listing standards as a result of the average closing price of the Companys common stock being less than $1.00 per share over a consecutive 30 trading-day period.
Clear Channel Outdoor regained compliance after its average closing price for the 30 trading days ended August 31, 2020 exceeded the NYSEs minimum requirement of $1.00 based on a 30 trading-day average.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the worlds largest outdoor advertising companies with a diverse portfolio of approximately 510,000 print and digital displays in 31 countries across North America, Europe, Latin America and Asia, reaching millions of people monthly. A growing digital platform includes more than 15,000 digital displays in international markets and more than 1,900 digital displays (excluding airports), including more than 1,400 digital billboards, in the U.S.
Comprised of two business divisions Clear Channel Outdoor Americas (CCOA), the U.S. and Caribbean business division, and Clear Channel International (CCI), covering markets in Europe, Latin America and Asia CCO employs approximately 4,900 people globally. More information is available at investor.clearchannel.com, clearchanneloutdoor.com and clearchannelinternational.com.
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