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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: March 12, 2020
(Date of earliest event reported)
______________________________________________________________________________
Verizon Communications Inc.
(Exact name of registrant as specified in its charter)
_______________________________________________________________________________
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| | | |
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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 | | 10036 |
New York, | New York | | |
(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 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 |
2.375% Notes due 2022 | | VZ22A | | New York Stock Exchange |
0.500% Notes due 2022 | | VZ22B | | New York Stock Exchange |
1.625% Notes due 2024 | | VZ24B | | New York Stock Exchange |
4.073% Notes due 2024 | | VZ24C | | New York Stock Exchange |
0.875% Notes due 2025 | | VZ25 | | New York Stock Exchange |
3.250% Notes due 2026 | | VZ26 | | New York Stock Exchange |
1.375% Notes due 2026 | | VZ26B | | New York Stock Exchange |
0.875% Notes due 2027 | | VZ27E | | New York Stock Exchange |
1.375% Notes due 2028 | | VZ28 | | New York Stock Exchange |
1.875% Notes due 2029 | | VZ29B | | New York Stock Exchange |
1.250% Notes due 2030 | | VZ30 | | New York Stock Exchange |
1.875% Notes due 2030 | | VZ30A | | New York Stock Exchange |
2.625% Notes due 2031 | | VZ31 | | New York Stock Exchange |
2.500% Notes due 2031 | | VZ31A | | New York Stock Exchange |
0.875% Notes due 2032 | | VZ32 | | New York Stock Exchange |
4.750% Notes due 2034 | | VZ34 | | New York Stock Exchange |
3.125% Notes due 2035 | | VZ35 | | New York Stock Exchange |
3.375% Notes due 2036 | | VZ36A | | New York Stock Exchange |
2.875% Notes due 2038 | | VZ38B | | New York Stock Exchange |
1.500% Notes due 2039 | | VZ39C | | New York Stock Exchange |
3.500% Fixed Rate Notes due 2039 | | VZ39D | | 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 or 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.
In a press release issued today, Verizon Communications Inc. announced that it expects its full year 2020 capital spending to be in the range of $17.5 billion to $18.5 billion, an increase from the previously announced range of $17 billion to $18 billion, including the expansion of 5G in new and existing markets, the densification of 4G, and the continuation of its fiber build-out.
The information provided pursuant to this Item 7.01 is “furnished” and shall not be deemed to be “filed” with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.
Forward-Looking Statements
In this report we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,” “hopes” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: cyber attacks impacting our networks or systems and any resulting financial or reputational impact; natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial or reputational impact; disruption of our key suppliers’ or vendors' provisioning of products or services; material adverse changes in labor matters and any resulting financial or operational impact; the effects of competition in the markets in which we operate; failure to take advantage of developments in technology and address changes in consumer demand; performance issues or delays in the deployment of our 5G network resulting in significant costs or a reduction in the anticipated benefits of the enhancement to our networks; the inability to implement our business strategy; adverse conditions in the U.S. and international economies; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; and changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number | | Description |
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104 | | Cover Page Interactive Data File (formatted as inline XBRL). |
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, thereunto duly authorized.
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| | | | | | |
| | | | | | Verizon Communications Inc. |
| | | | | | (Registrant) |
| | | | | | |
Date: | | March 12, 2020 | | | | /s/ Anthony T. Skiadas |
| | | | | | Anthony T. Skiadas |
| | | | | | Senior Vice President and Controller |
EXHIBIT INDEX
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| | |
| | |
Exhibit Number | | Description |
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104 | | Cover Page Interactive Data File (formatted as inline XBRL). |