SBA Communications 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) October 29, 2009
SBA Communications Corporation
(Exact Name of Registrant as Specified in its Charter)
Registrants telephone number, including area code: (561) 995-7670
(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):
On October 29, 2009, SBA Communications Corporation (the Company) issued a press release announcing its financial and operational results for the third quarter ended September 30, 2009, providing its fourth quarter 2009 guidance, updating its full year 2009 guidance and providing its full year 2010 guidance. A copy of the press release is furnished as Exhibit 99.1.
On October 29, 2009, the Companys Board of Directors authorized a stock repurchase program. This program authorizes the Company to purchase, from time to time, up to $250.0 million of the Companys outstanding common stock through open market repurchases in compliance with Rule 10b-18 of the Securities Act of 1933, as amended, and/or in privately negotiated transactions at managements discretion based on market and business conditions, applicable legal requirements and other factors. This program will become effective November 3, 2009 and will continue until otherwise modified or terminated by the Companys Board of Directors at any time in the Companys sole discretion.
As described in Item 2.02 of this Current Report, the following exhibit is furnished as part of this Current Report on Form 8-K.
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.
Date: October 29, 2009