Cable One, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cable One, Inc. on September 16, 2019. The filing reports a corporate governance event involving the Board of Directors.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to director compensation:
- Annual Equity Award: Restricted stock units with a grant-date fair value of approximately $125,000.
- Annual Cash Retainer: $75,000.
- Proration: Both compensation elements are pro-rated for the portion of the 2019-2020 service year following the appointment.
Material Changes
The Board of Directors increased the number of directors from nine to ten. Kristine E. Miller was elected as a Class III director, effective immediately, with a term expiring at the 2021 Annual Meeting of Stockholders. She was also appointed to the Compensation Committee.
Outlook, Risks, and Management Commentary
Management confirmed there are no other arrangements or understandings regarding Ms. Miller's election. There are no family relationships between Ms. Miller and existing directors or executive officers. Ms. Miller has not had an interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K since the beginning of the last fiscal year. The filing includes a press release regarding this appointment as Exhibit 99.1.
Key Facts for Investor Verification
- Board size increased to ten directors.
- Kristine E. Miller elected as Class III director and Compensation Committee member.
- Compensation package includes ~$125,000 in equity and $75,000 in cash (pro-rated).
- No related party transactions or family relationships disclosed.