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ADT Board Members Retire Amid Governance Shift

Story Highlights
  • William M. Lewis, Jr. and Lee J. Solomon retired from ADT Inc.’s Board on February 28, 2025.
  • Their retirement is part of ADT’s transition from a ‘controlled company’ due to Apollo’s decreased ownership.
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ADT Board Members Retire Amid Governance Shift

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The latest update is out from Adt ( (ADT) ).

On February 28, 2025, William M. Lewis, Jr. and Lee J. Solomon retired from ADT Inc.’s Board of Directors. Their retirement aligns with ADT’s transition away from being a ‘controlled company’ under NYSE rules, following a decrease in ownership by Apollo Global Management. This change necessitates a majority of independent directors on the board within a year. The retirements were not due to any disagreements with the company.

More about Adt

ADT Inc. operates in the security and automation industry, providing a range of services including home security systems, alarm monitoring, and smart home solutions. The company focuses on enhancing safety and security for residential and commercial customers.

YTD Price Performance: 17.34%

Average Trading Volume: 6,849,311

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.18B

For a thorough assessment of ADT stock, go to TipRanks’ Stock Analysis page.

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