Current Report Filing (8-k)
June 18 2019 - 4:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
______________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report:
June 18, 2019
(Date of earliest event reported)
______________________________________________________________________________
Verizon Communications Inc.
(Exact name of registrant as specified in its charter)
_______________________________________________________________________________
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Delaware
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1-8606
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23-2259884
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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1095 Avenue of the Americas
New York, New York
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10036
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(Address of principal executive offices)
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(Zip Code)
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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:
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Title of Each Class
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Trading Symbol(s)
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Name of Exchange on Which Registered
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Common Stock, par value $0.10
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VZ
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New York Stock Exchange
The NASDAQ Global Select Market
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2.375% Notes due 2022
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VZ22A
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New York Stock Exchange
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0.500% Notes due 2022
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VZ22B
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New York Stock Exchange
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1.625% Notes due 2024
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VZ24B
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New York Stock Exchange
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4.073% Notes due 2024
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VZ24C
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New York Stock Exchange
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0.875% Notes due 2025
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VZ25
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New York Stock Exchange
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3.25% Notes due 2026
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VZ26
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New York Stock Exchange
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1.375% Notes due 2026
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VZ26B
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New York Stock Exchange
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0.875% Notes due 2027
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VZ27E
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New York Stock Exchange
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1.375% Notes due 2028
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VZ28
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New York Stock Exchange
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1.875% Notes due 2029
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VZ29B
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New York Stock Exchange
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1.250% Notes due 2030
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VZ30
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New York Stock Exchange
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2.625% Notes due 2031
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VZ31
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New York Stock Exchange
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2.500% Notes due 2031
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VZ31A
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New York Stock Exchange
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4.75% Notes due 2034
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VZ34
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New York Stock Exchange
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3.125% Notes due 2035
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VZ35
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New York Stock Exchange
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3.375% Notes due 2036
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VZ36A
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New York Stock Exchange
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2.875% Notes due 2038
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VZ38B
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New York Stock Exchange
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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.
On April 1, 2019, Verizon Communications Inc. (Verizon or the Company) reorganized its operating structure into two new reportable segments, which we refer to as Verizon 2.0. Previously, the reportable segments consisted of Wireless and Wireline. Pursuant to the reorganization, the new reportable segments are the Verizon Consumer Group and the Verizon Business Group, which we operate and manage as strategic business units that provide communications, information and entertainment products and services to our customers.
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Verizon Consumer Group
provides consumer-focused wireless and wireline communications services and products. Our wireless services are provided across one of the most extensive United States (U.S.) wireless networks under the Verizon Wireless brand and through wholesale and other arrangements. Our wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over our 100% fiber-optic network under the Fios brand and over a traditional copper-based network to customers who are not served by Fios.
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Verizon Business Group
provides wireless communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various Internet of Things services and products. The Verizon Business Group’s service and product offerings are organized by the four primary customer groups targeted by these offerings:
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Global Enterprise
offers a broad portfolio of connectivity, security and professional services to large businesses, which are identified based on their size and volume of business with Verizon, as well as non-U.S. public sector customers.
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Small and Medium Business
offers wireless services and equipment, tailored voice and networking products, Fios services, IP Networking, advanced voice solutions, security, and managed information technology services to U.S.-based customers that do not meet the requirements to be categorized as Global Enterprise.
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Public Sector and Other
offers services and products similar to the wireless and wireline communications services and products offered by the Consumer Group, as well as the connectivity, security and professional services offered by the Global Enterprise group, to U.S. federal, state and local governments and educational institutions.
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Wholesale
offers communications services including data, voice, local dial tone and broadband services primarily to local, long distance and wireless carriers that use our facilities to provide services to their customers.
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As a convenience to investors, we are providing unaudited historical information that recasts the financial and operating results for these reorganized reportable segments for each of the nine consecutive quarters ended March 31, 2019, and financial information for each of the three consecutive fiscal years ended December 31, 2018. In addition, we are providing a reconciliation of results from Verizon 2.0 to our historical results. Consolidated Verizon results remain unchanged from previously reported historical results.
This information is provided in Exhibits
99.1
,
99.2
and
99.3
, which are attached hereto and are incorporated herein by reference, and is also posted to the Verizon Investor website at
www.verizon.com/about/investors
.
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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit
Number
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Description
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99.1
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Press release, dated June 18, 2019, issued by Verizon Communications Inc.
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99.2
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Updated unaudited historical information for the reorganized Verizon reportable segments for each of the nine consecutive quarters ended March 31, 2019, and financial information for each of the three consecutive fiscal years ended December 31, 2018.
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99.3
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Slides to be used in investor presentation on June 18, 2019.
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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.
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(Registrant)
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Date:
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June 18, 2019
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/s/ Anthony T. Skiadas
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Anthony T. Skiadas
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Senior Vice President and Controller
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EXHIBIT INDEX
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Exhibit
Number
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Description
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Press release, dated June 18, 2019, issued by Verizon Communications Inc.
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Updated unaudited historical information for the reorganized Verizon reportable segments for each of the nine consecutive quarters ended March 31, 2019, and financial information for each of the three consecutive fiscal years ended December 31, 2018.
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Slides to be used in investor presentation on June 18, 2019.
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