8-KThe WireRed Alert
Executive Change
Filed Sep 15, 2025 · 9mo ago · Accession 0001193125-25-203545
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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):
September 9, 2025
Lumen Technologies, Inc.
(Exact name of registrant as specified in its charter)
Louisiana
001-7784
72-0651161
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
100 CenturyLink Drive
Monroe , Louisiana
71203
(Address of principal executive offices)
(Zip Code)
( 318 ) 388-9000
(Registrant’s telephone number, including area code)
Level 3 Parent, LLC
(Exact name of registrant as specified in its charter)
Delaware
001-35134
47-0210602
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
931 14 th
Street
Denver , Colorado
80202
(Address of principal executive offices)
(Zip Code)
( 720 ) 888-1000
(Registrant’s telephone number, including area code)
Qwest Corporation
(Exact name of registrant as specified in its charter)
Colorado
001
- 03040
84
-0273800
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
931 14 th
Street ,
Denver , Colorado
80202
(Address of principal executive offices)
(Zip Code)
( 318 ) 388-9000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligations of any 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:
Registrant
Title of Each Class
Trading
Symbol
Name of Each Exchange
on Which Registered
Lumen Technologies, Inc.
Common Stock, no-par
value per share
LUMN
New York Stock Exchange
Lumen Technologies, Inc.
Preferred Stock Purchase Rights
N/A
New York Stock Exchange
Qwest Corporation
6.5% Notes Due 2056
CTBB
New York Stock Exchange
Qwest Corporation
6.75% Notes Due 2057
CTDD
New York Stock Exchange
Indicate by check mark whether any 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 September 9, 2025, Andrea Genschaw submitted her resignation as Chief Accounting Officer and Controller of Lumen Technologies, Inc. (the “Company”), effective September 23, 2025 (the “Effective Date”), in order to assume a Chief Financial Officer position at another publicly-traded company. Ms. Genschaw’s departure is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Ms. Genschaw leaves the Company with a strong accounting organization in place and the Company thanks her for her many contributions.
On September 12, 2025, consistent with the Company’s long-term succession plan, the Company’s Board of Directors (the “Board”) appointed Donald Holt as the Company’s Chief Accounting Officer and Controller, effective on the Effective Date. Also on September 12, 2025, the Boards of Directors of Qwest Corporation and Level 3 Parent, LLC each appointed Mr. Holt as their respective Chief Accounting Officer and Controller, effective September 23, 2025.
Mr. Holt, age 49, has served as the Company’s Vice President and Assistant Controller since September 2023. He served in several other roles of increasing responsibility within the Company’s finance organization, including as Senior Director, Margin Accounting from June 2021 to September 2023 and as Senior Director, Accounting and Reporting from April 2016 to May 2021. Prior to that, he served as Assistant Controller at Intrepid Potash, a U.S. producer of potash, from January 2014 to March 2016, as Controller of Cummins Rocky Mountain LLC, an engine manufacturer, from August 2012 to December 2013, as Director of SEC Reporting at Qwest Communications International Inc. from November 2008 through and following its acquisition by the Company until July 2012 and as Director of Technical Accounting at Vail Resorts, Inc., a premier mountain resort company, from August 2004 to November 2008. Mr. Holt started his career as an Auditor at Deloitte. Mr. Holt received his B.S.B. in Accounting from the University of Minnesota and is an active CPA.
In connection with Mr. Holt’s appointment, the Board’s Human Resources and Compensation Committee has approved the following changes to Mr. Holt’s compensation:
•
Mr. Holt’s salary will increase to $350,000, effective on the Effective Date.
•
Mr. Holt’s target short-term incentive annual bonus target will increase to 70% of annual base salary, effective on the Effective Date.
•
The target value for Mr. Holt’s long-term incentive award will be increased to $425,000 per year.
•
Mr. Holt will receive a one-time
long-term incentive cash award opportunity of $150,000, with such award to be paid out ratably on the first through third anniversaries of the Effective Date, subject to continued employment.
•
Mr. Holt will receive a one-time
restricted stock award comprised of that number of shares of restricted stock calculated by dividing $150,000 by the 15 trading day trailing volume weighted average price of the Company’s common stock ending on the trading date immediately preceding the Effective Date, which will vest in equal installments on each of the first through third anniversaries of the Effective Date, subject to continued employment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Lumen Technologies, Inc., Level 3 Parent, LLC, and Qwest Corporation have duly caused this Current Report on Form 8-K
to be signed on their behalf by the undersigned officer hereunto duly authorized.
LUMEN TECHNOLOGIES, INC.
Dated: September 15, 2025
By:
/s/ Chris Stansbury
Chris Stansbury
Executive Vice President and Chief Financial Officer
LEVEL 3 PARENT, LLC
Dated: September 15, 2025
By:
/s/ Chris Stansbury
Chris Stansbury
Executive Vice President and Chief Financial Officer
QWEST CORPORATION
Dated: September 15, 2025
By:
/s/ Chris Stansbury
Chris Stansbury
Executive Vice President and Chief Financial Officer
Filing details
- Company
- Lumen Technologies, Inc.
- Ticker
- LUMN
- CIK
- 18926
- Form type
- 8-K
- Filing date
- Sep 15, 2025
- Report date
- Sep 9, 2025
- Document
- d60055d8k.htm
- Size
- 248 KB