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EX-99.1 - EX-99.1 - Time Inc.d387831dex991.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 10, 2017

 

 

TIME INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   001-36218   13-3486363

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

225 Liberty Street

New York, NY 10281

(Address of Principal Executive Offices) (Zip Code)

(212) 522-1212

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2 below):

 

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))

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 10, 2017, Mr. Joseph A. Ripp, Executive Chairman of Time Inc. (the “Company”), and the Company mutually agreed that Mr. Ripp will not stand for re-election at the 2017 Annual Meeting of Stockholders and that effective on the date of the Company’s 2017 Annual Meeting of Stockholders Mr. Ripp will retire from the Board of Directors (the “Board”) and the Company. In addition, Sir Howard Stringer notified the Board of his decision to retire from the Board at the end of his current term and not stand for re-election at the Company’s 2017 Annual Meeting of Stockholders.

 

ITEM 9.01.     Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1    Press Release issued by Time Inc. on May 10, 2017


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 hereunto duly authorized.

 

TIME INC.

(Registrant)

By:

 

/s/ Susana D’Emic

  Susana D’Emic
  Executive Vice President and Chief Financial Officer

Date: May 10, 2017


EXHIBIT INDEX

 

Exhibit
Number

  

Exhibit

99.1    Press Release issued by Time Inc. on May 10, 2017