8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):    June 30, 2021

Frontier Communications Parent, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction

of incorporation)

001-11001	86-2359749
(Commission File Number)	(IRS Employer Identification No.)

401 Merritt 7, Norwalk, Connecticut	06851
(Address of principal executive offices)	(Zip Code)

(203) 614-5600

(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:

☐ 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 $0.01 per share	FYBR	The NASDAQ Stock Market LLC

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Appointment of Margaret M. Smyth as Director

Frontier Communications Parent, Inc. (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Margaret M. “Peggy” Smyth to serve as a director of the Company, effective June 30, 2021. In addition, Ms. Smyth was appointed by the Board to serve as Chair of the Audit Committee (succeeding Maryann Turcke, who will remain a member of the Audit Committee) and to serve as a member of the Operations Committee.

Ms. Smyth, age 57, served as the Chief Financial Officer of National Grid USA from October 2014 to June 2021, where she oversaw all finance, accounting, transactional, and property services for National Grid. Prior to joining National Grid, Ms. Smyth served as Vice President of Finance for Consolidated Edison, Inc. from 2012 to September 2014. Ms. Smyth previously served as Vice President and Chief Financial Officer of Hamilton Sundstrand, which is part of the former United Technologies Corp., from October 2010 to June 2011. Ms. Smyth also served as Vice President and Corporate Controller of United Technologies Corp. from August 2007 to September 2010, and Vice President and Chief Accounting Officer of 3M Corporation from April 2005 to August 2007. Ms. Smyth is currently a board member of two subsidiaries of Mutual of America, and is a board member and chair of the Audit Committee of Etsy, Inc.

The Compensation and Human Capital Committee has adopted a director compensation program for approval by the Board, and Ms. Smyth will participate in that program. The program consists of an annual equity retainer for 2021 with a grant date value of $300,000, an annual cash retainer of $100,000, and additional fees for committee membership and chair positions. There are no transactions in which Ms. Smyth has an interest that would require disclosure under Item 404(a) of Regulation S-K under the Securities Act.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

Exhibit Number	Description
99.1	Press Release issued by Frontier Communications Parent, Inc. on June 30, 2021
104	Cover Page Interactive Data File (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.

		FRONTIER COMMUNICATIONS PARENT, INC.
Date: July 1, 2021	By:	/s/ Mark D. Nielsen
		Mark D. Nielsen
		Executive Vice President, Chief Legal & Regulatory Officer

EX-99.1

Exhibit 99.1

FRONTIER COMMUNICATIONS APPOINTS

MARGARET M. SMYTH TO BOARD OF DIRECTORS

NORWALK, Conn. – JUNE 30, 2021 – Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced that Margaret M. “Peggy” Smyth has been appointed to the Company’s Board of Directors, effective June 30, 2021. Ms. Smyth will serve as Chair of the Board’s Audit Committee and will also be a member of the Operations Committee.

Ms. Smyth most recently served as Chief Financial Officer of National Grid USA from October 2014 to June 2021, overseeing all finance, accounting, transactional, and property services.

John Stratton, Executive Chairman of the Board of Directors, said, “We are pleased to welcome Peggy Smyth to the Frontier Board of Directors. Peggy brings exceptional finance experience and is ideally suited to chair our Audit Committee, having served as CFO and in other senior leadership positions with several major companies. We look forward to Peggy’s contributions to Frontier as we continue to transform our business.”

Prior to National Grid, Ms. Smyth was Vice President of Finance for Consolidated Edison, Inc. Ms. Smyth earlier served as Vice President and Chief Financial Officer of Hamilton Sundstrand, which is part of the former United Technologies Corp., Vice President and Corporate Controller of United Technologies Corp., and Vice President and Chief Accounting Officer of 3M Corporation.

Ms. Smyth is currently a board member of two subsidiaries of Mutual of America and a board member and chair of the Audit Committee of Etsy, Inc.

She holds a Bachelor of Economics degree from Fordham University and a Master’s degree in accounting from New York University’s Stern School of Business.

About Frontier

Frontier Communications Parent, Inc. (NASDAQ: FYBR) offers a variety of services to residential and business customers over its fiber-optic and copper networks in 25 states, including high-speed internet, video, advanced voice, and Frontier Secure^® digital protection solutions. Frontier Business^™ offers communications solutions to small, medium, and enterprise businesses. More information is available at www.frontier.com.

Contact

Investors:	Media:
Jake Noyes	Brigid M. Smith
Manager, Treasury and Investor Relations	AVP, Corp. Communications
203-614-5073	203-614-5042
jacob.noyes@ftr.com	brigid.smith@ftr.com

Source: Frontier Communications Parent, Inc.

XML

Document and Entity Information	Jun. 30, 2021
Cover [Abstract]
Amendment Flag	false
Entity Central Index Key	0000020520
Document Type	8-K
Document Period End Date	Jun. 30, 2021
Entity Registrant Name	Frontier Communications Parent, Inc.
Entity Incorporation State Country Code	DE
Entity File Number	001-11001
Entity Tax Identification Number	86-2359749
Entity Address, Address Line One	401 Merritt 7
Entity Address, City or Town	Norwalk
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06851
City Area Code	(203)
Local Phone Number	614-5600
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, par value $0.01 per share
Trading Symbol	FYBR
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false