[8-K] Lumen Technologies, Inc. Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Lumen Technologies reported the resignation of its Chief Accounting Officer and Controller, Andrea Genschaw, effective September 23, 2025, as she will assume a Chief Financial Officer role at another public company. The departure is stated to be not the result of any disagreement with the company. The Board appointed Donald Holt as successor, effective the same date, consistent with the company’s long-term succession plan. Mr. Holt, age 49, currently serves as Vice President and Assistant Controller and has held several senior finance roles at Lumen and prior companies; he is a CPA. The Human Resources and Compensation Committee approved changes to Mr. Holt’s compensation, although specific terms are not provided in this filing.
Lumen Technologies ha comunicato le dimissioni del Chief Accounting Officer e Controller, Andrea Genschaw, con effetto dal 23 settembre 2025, poiché assumerà una posizione di Chief Financial Officer presso un'altra società quotata. La partenza non è dovuta a alcun disaccordo con l'azienda. Il Consiglio ha nominato Donald Holt come detentore della successione, con effetto dalla stessa data, in linea con il piano di successione a lungo termine. Il signor Holt, di 49 anni, ricopre attualmente il ruolo di Vice President e Assistant Controller e ha ricoperto vari ruoli finanziari senior in Lumen e in società precedenti; è CPA. Il Comitato Risorse Umane e Compensazione ha approvato modifiche al compenso del signor Holt, sebbene i termini specifici non siano forniti in questa dichiarazione.
Lumen Technologies informó la renuncia de su Director de Contabilidad y Control y Controller, Andrea Genschaw, con efecto a partir del 23 de septiembre de 2025, ya que asumirá el cargo de Chief Financial Officer en otra compañía cotizada. La salida no se debe a ningún desacuerdo con la empresa. El Consejo designó a Donald Holt como su sucesor, con efecto en la misma fecha, conforme al plan de sucesión a largo plazo de la empresa. El Sr. Holt, de 49 años, actualmente es Vicepresidente y Subcontrolador (Assistant Controller) y ha ocupado varios cargos financieros de alto nivel en Lumen y en empresas anteriores; es CPA. El Comité de Recursos Humanos y Compensación aprobó cambios en la compensación del Sr. Holt, aunque no se proporcionan términos específicos en este trámite.
Lumen Technologies는 최고 회계책임자 겸 컨트롤러인 Andrea Genschaw의 사임을 2025년 9월 23일부터 발효되며, 그녀가 다른 공개 기업에서 최고재무책임자(CFO) 역할을 맡게 될 것이라고 발표했습니다. 이 이직은 회사와의 어떠한 이견도 원인으로 언급된 바 없습니다. 이사회는 동일 날짜에 효과적으로 후임자로 Donald Holt를 임명했습니다. Holt 씨는 49세로 현재 부사장 겸 보조 컨트롤러로 재직 중이며 Lumen 및 이전 회사들에서 여러 고위 재무 직책을 역임했으며 CPA입니다. 인사 및 보상 위원회는 Holt의 보상 변경을 승인했으나, 이 제출 문서에는 구체적 조건이 제시되어 있지 않습니다.
Lumen Technologies a annoncé la démission de son responsable comptable et contrôleur, Andrea Genschaw, effective le 23 septembre 2025, puisqu'elle occupera un poste de directeur financier (CFO) dans une autre société cotée. Le départ n'est, selon eux, pas dû à un désaccord avec l'entreprise. Le conseil d'administration a nommé Donald Holt comme successeur, avec effet à la même date, conformément au plan de succession à long terme de l'entreprise. M. Holt, âgé de 49 ans, occupe actuellement le poste de vice-président et contrôleur adjoint et a occupé plusieurs postes financiers de haut niveau chez Lumen et dans des entreprises précédentes; il est CPA. Le comité des ressources humaines et de la rémunération a approuvé des modifications de la rémunération de M. Holt, bien que les termes précis ne soient pas fournis dans ce dépôt.
Lumen Technologies meldete den Rücktritt seines Chief Accounting Officer und Controllers, Andrea Genschaw, mit Wirkung zum 23. September 2025, da sie eine Position als Chief Financial Officer bei einem anderen börsennotierten Unternehmen übernehmen wird. Der Abgang sei nicht auf Meinungsverschiedenheiten mit dem Unternehmen zurückzuführen. Der Vorstand ernannte Donald Holt zum Nachfolger, mit Wirkung am selben Datum, in Übereinstimmung mit dem langfristigen Nachfolgeplan des Unternehmens. Herr Holt, 49 Jahre alt, bekleidet derzeit das Amt des VP und Assistant Controller und hat in Lumen sowie in früheren Unternehmen mehrere leitende Finanzpositionen inne; er ist CPA. Der Human Resources and Compensation Committee genehmigte Änderungen an Herrn Holts Vergütung, aber in dieser Einreichung werden keine spezifischen Konditionen genannt.
أعلنت شركة لومن تكنولوجيز عن استقالة كبير محاسبيها والمراقب المالي Andrea Genschaw، على أن تصبح سارية اعتباراً من 23 سبتمبر 2025، حيث ستتولى منصب المدير المالي (CFO) في شركة عامة أخرى. يُذكر أن المغادرة ليست نتيجة لأي خلاف مع الشركة. أقرت اللجنة التنفيذية ومكافآت المجلس تعيين دونالد هولت خلفاً لها، وبنفس التاريخ، بما يتوافق مع خطة الخلافة طويلة الأجل للشركة. السيد هولت، البالغ من العمر 49 عاماً، يشغل حالياً منصب نائب الرئيس ومراقب الحسابات المساعد وقد شغل مناصب مالية عليا عدة في لومن وفي شركات سابقة؛ وهو محاسب مؤهل (CPA). وافقت لجنة الموارد البشرية والمكافآت على تغييرات في تعويض السيد هولت، على الرغم من عدم تقديم شروط محددة في هذا الملف.
Positive
- Orderly succession: Board appointed an internal successor effective the stated date, indicating planning and continuity
- Experienced successor: Donald Holt has progressive finance and SEC reporting experience and is a licensed CPA
Negative
- Key officer departure: The Chief Accounting Officer is leaving to become CFO at another public company, which could cause transition risk
- Compensation details omitted: The filing states the committee approved compensation changes for Mr. Holt but does not disclose the terms
Insights
TL;DR: Internal succession limits disruption; new CAO has multi-year accounting and SEC reporting experience and is an internal promote.
Donald Holt’s appointment from Vice President and Assistant Controller to Chief Accounting Officer and Controller is a continuity-oriented move that leverages his progressive accounting and SEC reporting experience within the company and prior employers. The filing emphasizes an orderly transition and that the outgoing officer’s departure is not due to any disagreement, which reduces immediate governance or control concerns. The reference to committee-approved compensation changes signals a formalization of the role but the absence of disclosed terms limits assessment of near-term cash or equity dilution.
TL;DR: Succession executed per plan; internal promotion supports governance stability but disclosure omits compensation specifics.
The Board’s use of an internal candidate aligns with good succession planning practices and helps preserve institutional knowledge in accounting controls and reporting. Noting the departure is not due to disagreement is standard and reduces governance red flags. However, the filing’s lack of detail on the compensation adjustments approved by the Human Resources and Compensation Committee prevents full evaluation of alignment with shareholder interests and potential incentive structures.
Lumen Technologies ha comunicato le dimissioni del Chief Accounting Officer e Controller, Andrea Genschaw, con effetto dal 23 settembre 2025, poiché assumerà una posizione di Chief Financial Officer presso un'altra società quotata. La partenza non è dovuta a alcun disaccordo con l'azienda. Il Consiglio ha nominato Donald Holt come detentore della successione, con effetto dalla stessa data, in linea con il piano di successione a lungo termine. Il signor Holt, di 49 anni, ricopre attualmente il ruolo di Vice President e Assistant Controller e ha ricoperto vari ruoli finanziari senior in Lumen e in società precedenti; è CPA. Il Comitato Risorse Umane e Compensazione ha approvato modifiche al compenso del signor Holt, sebbene i termini specifici non siano forniti in questa dichiarazione.
Lumen Technologies informó la renuncia de su Director de Contabilidad y Control y Controller, Andrea Genschaw, con efecto a partir del 23 de septiembre de 2025, ya que asumirá el cargo de Chief Financial Officer en otra compañía cotizada. La salida no se debe a ningún desacuerdo con la empresa. El Consejo designó a Donald Holt como su sucesor, con efecto en la misma fecha, conforme al plan de sucesión a largo plazo de la empresa. El Sr. Holt, de 49 años, actualmente es Vicepresidente y Subcontrolador (Assistant Controller) y ha ocupado varios cargos financieros de alto nivel en Lumen y en empresas anteriores; es CPA. El Comité de Recursos Humanos y Compensación aprobó cambios en la compensación del Sr. Holt, aunque no se proporcionan términos específicos en este trámite.
Lumen Technologies는 최고 회계책임자 겸 컨트롤러인 Andrea Genschaw의 사임을 2025년 9월 23일부터 발효되며, 그녀가 다른 공개 기업에서 최고재무책임자(CFO) 역할을 맡게 될 것이라고 발표했습니다. 이 이직은 회사와의 어떠한 이견도 원인으로 언급된 바 없습니다. 이사회는 동일 날짜에 효과적으로 후임자로 Donald Holt를 임명했습니다. Holt 씨는 49세로 현재 부사장 겸 보조 컨트롤러로 재직 중이며 Lumen 및 이전 회사들에서 여러 고위 재무 직책을 역임했으며 CPA입니다. 인사 및 보상 위원회는 Holt의 보상 변경을 승인했으나, 이 제출 문서에는 구체적 조건이 제시되어 있지 않습니다.
Lumen Technologies a annoncé la démission de son responsable comptable et contrôleur, Andrea Genschaw, effective le 23 septembre 2025, puisqu'elle occupera un poste de directeur financier (CFO) dans une autre société cotée. Le départ n'est, selon eux, pas dû à un désaccord avec l'entreprise. Le conseil d'administration a nommé Donald Holt comme successeur, avec effet à la même date, conformément au plan de succession à long terme de l'entreprise. M. Holt, âgé de 49 ans, occupe actuellement le poste de vice-président et contrôleur adjoint et a occupé plusieurs postes financiers de haut niveau chez Lumen et dans des entreprises précédentes; il est CPA. Le comité des ressources humaines et de la rémunération a approuvé des modifications de la rémunération de M. Holt, bien que les termes précis ne soient pas fournis dans ce dépôt.
Lumen Technologies meldete den Rücktritt seines Chief Accounting Officer und Controllers, Andrea Genschaw, mit Wirkung zum 23. September 2025, da sie eine Position als Chief Financial Officer bei einem anderen börsennotierten Unternehmen übernehmen wird. Der Abgang sei nicht auf Meinungsverschiedenheiten mit dem Unternehmen zurückzuführen. Der Vorstand ernannte Donald Holt zum Nachfolger, mit Wirkung am selben Datum, in Übereinstimmung mit dem langfristigen Nachfolgeplan des Unternehmens. Herr Holt, 49 Jahre alt, bekleidet derzeit das Amt des VP und Assistant Controller und hat in Lumen sowie in früheren Unternehmen mehrere leitende Finanzpositionen inne; er ist CPA. Der Human Resources and Compensation Committee genehmigte Änderungen an Herrn Holts Vergütung, aber in dieser Einreichung werden keine spezifischen Konditionen genannt.
أعلنت شركة لومن تكنولوجيز عن استقالة كبير محاسبيها والمراقب المالي Andrea Genschaw، على أن تصبح سارية اعتباراً من 23 سبتمبر 2025، حيث ستتولى منصب المدير المالي (CFO) في شركة عامة أخرى. يُذكر أن المغادرة ليست نتيجة لأي خلاف مع الشركة. أقرت اللجنة التنفيذية ومكافآت المجلس تعيين دونالد هولت خلفاً لها، وبنفس التاريخ، بما يتوافق مع خطة الخلافة طويلة الأجل للشركة. السيد هولت، البالغ من العمر 49 عاماً، يشغل حالياً منصب نائب الرئيس ومراقب الحسابات المساعد وقد شغل مناصب مالية عليا عدة في لومن وفي شركات سابقة؛ وهو محاسب مؤهل (CPA). وافقت لجنة الموارد البشرية والمكافآت على تغييرات في تعويض السيد هولت، على الرغم من عدم تقديم شروط محددة في هذا الملف.
Lumen Technologies 报告称，其首席会计官兼会计主管 Andrea Genschaw 将于 2025 年 9 月 23 日起辞职，因为她将担任另一家上市公司首席财务官（CFO）。此离职被称非因与公司存在任何分歧而引发。董事会任命 Donald Holt 为继任者，生效同日，符合公司的长期继任计划。Holt 先生，49 岁，目前担任副总裁兼助理会计主管，曾在 Lumen 及前任公司担任多项高级财务职位；他是注册会计师（CPA）。人力资源与薪酬委员会批准了对 Holt 的薪酬调整，但在本次披露中未提供具体条款。
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):
(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) |
(318 ) 388-9000
(Registrant’s telephone number, including area code)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
th Street |
||
(Address of principal executive offices) |
(Zip Code) |
(720 ) 888-1000
(Registrant’s telephone number, including area code)
(Exact name of registrant as specified in its charter)
001 -03040 |
84 -0273800 | |||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
th Street |
||
(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. | no-par value per share |
|||||
| Lumen Technologies, Inc. | ||||||
| Qwest Corporation | ||||||
| Qwest Corporation |
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 | ||||||
FAQ
What happened to LUMN’s Chief Accounting Officer?
Andrea Genschaw resigned effective September 23, 2025 to assume a Chief Financial Officer role at another publicly-traded company.
Who will replace the Chief Accounting Officer at Lumen (LUMN)?
The Board appointed Donald Holt as Chief Accounting Officer and Controller, effective September 23, 2025.
When was the appointment of the new CAO announced?
The Board announced Mr. Holt’s appointment on September 12, 2025, with the resignation and effective date disclosed in the filing.
Does the filing indicate any disagreement with the departing officer?
No. The filing explicitly states Ms. Genschaw’s departure is not the result of any disagreement with the company on operations, policies, or practices.
Are the new CAO’s compensation terms disclosed?
The Human Resources and Compensation Committee approved changes to Mr. Holt’s compensation, but the filing does not provide specific terms.
Lumen Technologies Inc
NYSE:LUMN
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10.61B
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Telecom Services
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United States
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