ADT Board Sees Three Apollo-Appointed Directors Resign Following Fund's Full Exit

summarizeSummary

ADT reports the resignation of three Apollo-appointed directors and amends bylaws following Apollo's full share divestment and ADT's $211 million share repurchase.

check_boxKey Events

• Three Directors Resign

  Reed B. Rayman, Nicole Bonsignore, and Benjamin Honig resigned from the Board of Directors, effective May 5, 2026. These directors were Apollo designees, and their departure is directly linked to Apollo's full divestment of its shares, as previously reported in news on May 8, 2026.

• Bylaws Amended

  The Board approved an amendment to the company's bylaws on May 8, 2026, removing references related to Apollo and a prior stockholders agreement, reflecting Apollo's exit from its ownership stake.

• Share Repurchase Confirmed

  ADT Inc. repurchased 29,142,961 shares of common stock for approximately $211 million as part of the secondary offering by Apollo. This repurchase was made under the company's existing $1.5 billion share repurchase plan, and the company did not receive any proceeds from Apollo's sale of 102 million shares.

auto_awesomeAnalysis

This 8-K formalizes the departure of three directors, Reed B. Rayman, Nicole Bonsignore, and Benjamin Honig, from ADT's Board, effective May 5, 2026. Their resignations are a direct consequence of Apollo Global Management's complete divestment of its stake in ADT, a transaction finalized in a 424B7 filing on May 5, 2026. The filing also confirms ADT's concurrent repurchase of approximately $211 million of its common stock, part of the secondary offering by Apollo and under the company's existing $1.5 billion repurchase plan. Additionally, the company amended its bylaws to remove references to Apollo, reflecting the end of their ownership and governance influence.