Adt, Inc. (ADT) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Adt, Inc.’s transition from being a “controlled company” under Apollo’s majority voting power to an entity with less than 50% of such power introduces significant governance changes. As a result, Adt, Inc. is now subject to NYSE’s corporate governance requirements, which call for a majority of independent directors and fully independent board committees. While the company is currently adhering to the phase-in schedule set by the NYSE, it has a one-year grace period to fully comply with these standards. This transitional phase may pose a risk to Adt, Inc. as it may delay the full implementation of governance practices that offer stockholders heightened protections and oversight.
Overall, Wall Street has a Hold consensus rating on ADT stock based on 1 Buy, 1 Sell and 1 Hold.
To learn more about Adt, Inc.’s risk factors, click here.
