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Washington, D.C. 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: May 2, 2021

(Date of earliest event reported)




(Exact name of registrant as specified in its charter)




Delaware   1-8606   23-2259884

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)


1095 Avenue of the Americas

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





Name of Each 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
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
1.125% Notes due 2028   VZ28A   New York Stock Exchange
1.875% Notes due 2029   VZ29B   New York Stock Exchange
0.375% Notes due 2029   VZ29D   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
0.750% Notes due 2032   VZ32A   New York Stock Exchange
1.300% Notes due 2033   VZ33B   New York Stock Exchange
4.750% Notes due 2034   VZ34   New York Stock Exchange
3.125% Notes due 2035   VZ35   New York Stock Exchange
1.125% Notes due 2035   VZ35A   New York Stock Exchange
3.375% Notes due 2036   VZ36A   New York Stock Exchange
2.875% Notes due 2038   VZ38B   New York Stock Exchange
1.875% Notes due 2038   VZ38C   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
1.850% Notes due 2040   VZ40   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 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.

On May 2, 2021, in connection with the transactions described in Item 8.01 of this Form 8-K, the Human Resources Committee of the Board of Directors of Verizon Communications Inc. (“Verizon”) approved a special cash retention award for Mr. Guru Gowrappan, Executive Vice President and Group CEO - Verizon Media, in the amount of $3,000,000, which will vest and be payable by Verizon to Mr. Gowrappan if he remains continuously employed with Verizon Media on the six-month anniversary of the date the transactions contemplated by the Purchase Agreement described in Item 8.01 of this Form 8-K are consummated (the “Closing Date”), or if his employment is involuntarily terminated by Verizon Media without cause after the Closing Date, but prior to the six-month anniversary of the Closing Date.


Item 8.01.

Other Events.

On May 2, 2021, Verizon, together with Verizon Business International Holdings B.V., a private limited liability company (besloten vennootschap) organized under the laws of the Netherlands and wholly owned subsidiary of Verizon (together with Verizon, the “Sellers”), entered into a stock purchase agreement (the “Purchase Agreement”) with College Parent, L.P., a Delaware limited partnership (“Purchaser”). Pursuant to the Purchase Agreement, upon the terms and subject to the conditions thereof, the Sellers will sell to Purchaser all of the outstanding equity interests of Oath Inc., a Delaware corporation, and Verizon Media Netherlands B.V., a private limited liability company (besloten vennootschap) organized under the laws of the Netherlands, which together comprise Verizon’s Verizon Media Group business (the “Sale”). The consideration for the Sale will consist of $4.25 billion in cash, subject to customary adjustments, $750,000,000 in non-convertible preferred limited partnership units of the Purchaser, and 10% of the fully-diluted common limited partnership units of Purchaser.

The Sale is subject to customary regulatory approvals and closing conditions.


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.


Date: May 3, 2021     By  

/s/ William L. Horton, Jr.

      William L. Horton, Jr.

Senior Vice President, Deputy General Counsel and

Corporate Secretary