Paramount Global (PARAA) halts common stock registration, keeps debt reporting

Rhea-AI Filing Summary

Paramount Global filed a Form 15 to terminate the registration of its Class A and Class B common stock under the Securities Exchange Act of 1934 and to suspend its duty to file periodic reports for these equity securities under sections 13 and 15(d). This step means the company is formally notifying regulators that these classes of common stock will no longer be registered in the same way with the SEC.

The company’s various outstanding debt securities, including multiple series of senior notes and junior subordinated debentures maturing between 2026 and 2062, remain classes for which a duty to file reports continues. The notice is signed on behalf of Paramount Global by Executive Vice President and Secretary Stephanie McKinnon, dated August 18, 2025.

Positive

• None.

Negative

• Termination of common stock registration and suspension of related SEC reporting duties for Class A and Class B shares may reduce regulatory reporting tied to those equity securities.

Insights

Equity & credit structure analyst

Paramount ends SEC registration for its common stock while debt reporting continues.

Paramount Global is terminating SEC registration of its Class A and Class B common stock and suspending related reporting obligations for those equity classes under sections 13 and 15(d) of the Exchange Act. This shifts how those shares are regulated and how information tied specifically to them is reported.

At the same time, the company lists numerous series of senior notes and junior subordinated debentures, maturing from 2026 through 2062, as securities for which reporting duties remain. This indicates ongoing SEC-reporting obligations tied to its outstanding debt capital structure.

The filing is executed by Executive Vice President and Secretary Stephanie McKinnon as of August 18, 2025. Actual implications for investors depend on how trading venues, disclosure practices, and capital markets access evolve following this change.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION

UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-09553

PARAMOUNT GLOBAL

(Exact name of registrant as specified in its charter)

1515 Broadway

New York, NY 10036

(212) 258-6000

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Class A common stock, $0.001 par value

Class B common stock, $0.001 par value

(Title of each class of securities covered by this Form)

3.450% Senior Notes due 2026*

4.00% Senior Notes due 2026*

2.90% Senior Notes due 2027*

3.375% Senior Notes due 2028*

3.700% Senior Notes due 2028*

4.200% Senior Notes due 2029*

7.875% Senior Debentures due 2030*

4.950% Senior Notes due 2031*

4.200% Senior Notes due 2032*

5.50% Senior Debentures due 2033*

4.850% Senior Debentures due 2034*

6.875% Senior Debentures due 2036*

6.75% Senior Debentures due 2037*

5.90% Senior Notes due 2040*

4.500% Senior Debentures due 2042*

4.85% Senior Notes due 2042*

4.375% Senior Debentures due 2043*

4.875% Senior Debentures due 2043*

5.850% Senior Debentures due 2043*

5.250% Senior Debentures due 2044*

4.900% Senior Notes due 2044*

4.60% Senior Notes due 2045*

4.950% Senior Notes due 2050*

6.250% Junior Subordinated Debentures due 2057*

6.375% Junior Subordinated Debentures due 2062*

(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

				Rule 12g-4(a)(1)		☒
				Rule 12g-4(a)(2)		☐
				Rule 12h-3(b)(1)(i)		☒
				Rule 12h-3(b)(1)(ii)		☐
				Rule 15d-6		☐
				Rule 15d-22(b)		☐

Approximate number of holders of record as of the certification or notice date: One.**

* These debt securities of Paramount Global were issued pursuant to a registration under the Securities Act, but Paramount Global is exempt from the requirements of Section 13(a) or 15(d) of the Exchange Act with respect to such debt securities pursuant to Rule 12h-5 thereunder as a result of the guarantee provided by Paramount Skydance Corporation.

** On August 6, 2025, pursuant to the Transaction Agreement, dated as of July 7, 2024, by and among Paramount Global, Skydance Media, LLC, Paramount Skydance Corporation (f/k/a New Pluto Global, Inc.) and the other parties thereto, Pluto Merger Sub, Inc., a wholly owned, direct subsidiary of Paramount Skydance Corporation, merged with and into Paramount Global, with Paramount Global continuing as the surviving entity and becoming a wholly owned, direct subsidiary of Paramount Skydance Corporation.

Pursuant to the requirements of the Securities Exchange Act of 1934, Paramount Global has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Dated: August 18, 2025				Paramount Global
				By:		/s/ Stephanie McKinnon
				Name:		Stephanie McKinnon
				Title:		Executive Vice President and Secretary

FAQ

What did Paramount Global (PARAA) do in this Form 15 filing?

Paramount Global filed a Form 15 to certify the termination of registration of its Class A and Class B common stock under section 12(g) of the Securities Exchange Act of 1934 and to suspend its duty to file reports for these securities under sections 13 and 15(d).

Which Paramount Global securities are affected by the Form 15?

The Form 15 covers Paramount Global’s Class A common stock, $0.001 par value, and Class B common stock, $0.001 par value, which are identified as the classes whose registration and related reporting obligations are being terminated or suspended.

Does Paramount Global still have SEC reporting duties for any securities after this Form 15?

Yes. The filing lists multiple series of Paramount Global senior notes, senior debentures, and junior subordinated debentures maturing between 2026 and 2062 as securities for which the duty to file reports under section 13(a) or 15(d) remains.

Who signed Paramount Global’s Form 15 and when?

The Form 15 was signed on behalf of Paramount Global by Stephanie McKinnon, who is the company’s Executive Vice President and Secretary, and is dated August 18, 2025.

What does terminating registration of Paramount Global’s common stock mean?

Terminating registration under section 12(g) and suspending duties under sections 13 and 15(d) means Paramount Global is formally ending SEC registration and related periodic reporting obligations for its Class A and Class B common stock, while continuing those obligations for the listed debt securities.

Which Paramount Global debt securities remain subject to SEC reporting duties?

Securities that remain subject to reporting duties include various Paramount Global issues such as 3.450% Senior Notes due 2026, 4.200% Senior Notes due 2029, 7.875% Senior Debentures due 2030, 6.250% Junior Subordinated Debentures due 2057, and 6.375% Junior Subordinated Debentures due 2062, among others listed in the filing.