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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM
| CURRENT REPORT |
| Pursuant to Section 13 or 15(d) of the |
| Securities Exchange Act of 1934 |
| Date of report (Date of earliest event reported): |
| (Exact Name of Registrant as Specified in its Charter) |
| (State or Other Jurisdiction of Incorporation) |
| (Commission File Number) | (IRS Employer Identification No.) |
| (Address of Principal Executive Offices) | (Zip Code) |
| Registrant’s telephone number, including area code: ( |
| (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:
| Title of Each Class | Trading symbol(s) | Name of Each Exchange on Which Registered |
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 October 11, 2022, Comcast Corporation (the “Company”) appointed Michael J. Cavanagh as the President of the Company, with immediate effect. Brian L. Roberts will remain as the Company’s Chairman of the Board and Chief Executive Officer, but will no longer serve as President. Mr. Cavanagh continues to serve in his role as Chief Financial Officer. Mr. Cavanagh, age 56, has served as the Company’s Chief Financial Officer since 2015.
A copy of the press release issued by the Company on October 12, 2022, is attached as Exhibit 99.1 hereto.
Item 9.01. Exhibits
Exhibit
| Number | Description |
| 99.1 | Press release dated October 12, 2022. |
SIGNATURES
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.
| COMCAST CORPORATION | ||||
| Date: | October 12, 2022 | By: | /s/ Thomas J. Reid | |
| Name: | Thomas J. Reid | |||
| Title: | Chief Legal Officer and Secretary | |||
Exhibit 99.1
 |
PRESS RELEASE Comcast Corporation One Comcast Center Philadelphia, PA 19103 www.comcastcorporation.com |
COMCAST CORPORATION PROMOTES MIKE CAVANAGH TO PRESIDENT
PHILADELPHIA – OCTOBER 12, 2022 – Comcast Corporation today announced that Mike Cavanagh has been named President. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Mike will be only the third President in the company’s 59-year history. He will remain Chief Financial Officer.
“Today’s promotion will come as no surprise – Mike is admired and trusted by those who know and work with him,” said Roberts. “Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He’s an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth.”
“It’s an honor to work with Brian to lead this great company,” Cavanagh added. “We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and I’m proud to call them my partners. I look forward to working together to shape the bright future of Comcast.”
Mike joined Comcast seven years ago as Chief Financial Officer. With his leadership, the company has expanded its reach significantly in the US and globally. Mike came to Comcast after more than 20 years in the financial services industry. He was Co-CEO of JPMorgan Chase’s Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees located in nearly 100 countries. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. He also served as JPMorgan Chase’s CFO for six years – helping steer the company to successfully navigate the financial crisis.
In addition, at JPMorgan Chase and its predecessor firms, Mike held various key positions that were critical to the company’s success, including CEO of the firm’s Treasury & Securities Services division, Head of Strategy and Planning, and Chief Operating Officer of Middle Market Banking. Immediately prior to joining Comcast, he briefly served as Co-President and Co-Chief Operating Officer of The Carlyle Group, a leading global alternative asset manager.
Mike earned a B.A. from Yale University and a J.D. from the University of Chicago. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.
# # #
| Media Contacts | Investor Contact |
| Jennifer Khoury | Marci Ryvicker |
| (215) 286-7408 | (215) 286-4781 |
| Jennifer_Khoury@Comcast.com | Marci_Ryvicker@Comcast.com |
John Demming
(215) 286-8011
John_Demming@Comcast.com