ADT Ends Apollo Governance Rights with Bylaw Changes

Adt ( (ADT) ) just unveiled an update.

On May 5, 2026, ADT Inc. announced that Class III directors Reed B. Rayman and Nicole Bonsignore, whose terms were set to expire at the 2026 annual meeting, and Class I director Benjamin Honig, whose term was to run through the 2027 annual meeting, resigned from the Board, with the company stating the moves were tied to Apollo Global Management’s sale of its remaining ADT shares and not to any dispute over operations or governance. On May 8, 2026, the Board amended and restated ADT’s bylaws to remove provisions linked to Apollo and a prior stockholders agreement, signaling a formal end to Apollo’s governance rights and influence over the company’s corporate framework.

The most recent analyst rating on (ADT) stock is a Sell with a $7.00 price target. To see the full list of analyst forecasts on Adt stock, see the ADT Stock Forecast page.

Spark’s Take on ADT Stock

According to Spark, TipRanks’ AI Analyst, ADT is a Outperform.

The score is driven primarily by strong cash-flow generation and solid current profitability, which support shareholder returns and debt service, while elevated leverage and a mixed growth outlook (flat revenue/EPS guidance) limit upside. Technicals are improving near-term but remain below longer-term averages, and valuation/dividend are supportive.

To see Spark’s full report on ADT stock, click here.

More about Adt

ADT Inc. is a security services company that operates in the home and business protection industry, providing monitored security, smart home systems and related safety solutions to residential and commercial customers across the United States. The company’s governance structure includes a classified Board of Directors with staggered terms for its members.

Average Trading Volume: 11,177,360

Technical Sentiment Signal: Sell

Current Market Cap: $5.45B

Find detailed analytics on ADT stock on TipRanks’ Stock Analysis page.