Business Context and Reporting Period
This Form 8-K is a current report filed by Altice USA, Inc. (not Optimum Communications, Inc., as noted in the metadata) on May 24, 2018. The filing addresses corporate events related to the company's separation from its parent, Altice N.V. (Altice NV), and the distribution of Altice USA common stock to Altice NV shareholders.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only specific financial figure disclosed is a one-time cash dividend of $2.035 per share for Altice USA Class A and Class B common stock.
Material Changes and Events
- Dividend Payment: The payment date for the previously announced one-time cash dividend is expected to be June 6, 2018.
- Separation and Distribution: The anticipated effective date for the separation of Altice USA from Altice NV and the pro rata distribution of Altice USA stock is June 8, 2018.
- Election Period: The period for shareholders to make elections in connection with the Distribution runs from May 24, 2018, to June 4, 2018.
- Regulatory Approval: A prospectus for the Distribution has been published and approved by the Dutch Authority for the Financial Markets.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the context of the corporate separation. The document focuses strictly on the timing and regulatory status of the Distribution and dividend payment.
Key Facts for Investor Verification
- Verify the exact record date for the $2.035 per share dividend to ensure eligibility.
- Confirm the final effective date of the separation from Altice NV (currently anticipated as June 8, 2018).
- Review the attached press release (Exhibit 99.1) for details on the election process for the Distribution.
- Note that this filing does not contain updated financial statements or operational results.