Interpublic Group (NYSE: IPG) files Form 15 to end registration for common stock and multiple senior notes
Rhea-AI Filing Summary
The Interpublic Group of Companies, Inc. filed a Form 15 to certify the termination of registration under Section 12(g) and/or suspend its duty to file reports under Sections 13 and 15(d) of the Exchange Act for its common stock and several series of senior notes. The affected debt securities include its 4.650% Senior Notes due 2028, 4.750% Senior Notes due 2030, 2.400% Senior Notes due 2031, 5.375% Senior Notes due 2033, 3.375% Senior Notes due 2041, and 5.400% Senior Notes due 2048.
The filing lists the approximate number of record holders for each class, including one holder of common stock and between twelve and thirty-nine holders for each of the note series. It indicates that there are no other classes of securities for which a duty to file reports under Section 13(a) or 15(d) remains. The notice is signed on behalf of the company by its Executive Vice President and General Counsel, Andrew Bonzani.
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Insights
IPG is streamlining SEC registration and reporting for specified securities.
The Interpublic Group of Companies, Inc. has filed a Form 15 to end registration and/or suspend periodic reporting obligations for its common stock and several series of senior notes under specific Exchange Act sections. The form lists one record holder for the common stock and relatively small numbers of holders for each note series, which aligns with thresholds that can permit such actions.
This move appears focused on simplifying the company’s registered security profile rather than changing the terms of the notes themselves, based on the information provided. The text also states that there are no other classes of securities for which duties to file reports under Section 13(a) or 15(d) remain, which clarifies the scope of ongoing reporting tied to these particular classes.