Charter Communications, Inc. (NASDAQ: CHTR) announced today that
Nathaniel A. Davis has resigned for personal reasons from its board of
directors, effective immediately.
"Nate has been a leader in the telecommunications industry for nearly 35
years, and the Company has benefitted greatly from his strategic
insight,” said Paul G. Allen, Chairman of the Board and controlling
shareholder of Charter. "On behalf of the board, I thank Nate for his
valuable service and his many contributions.”
Neil Smit, President and Chief Executive Officer, added, "Nate is a
talented industry executive, and Charter was fortunate to have had the
benefit of his expertise on the board.”
Mr. Davis said, "It has been an honor and a privilege to serve as a
director of Charter and to have worked with Paul Allen, Neil Smit, and
my fellow board members. I wish Charter and its talented employees great
success for the future.” Mr. Davis added that he was unable to dedicate
the appropriate amount of time to Charter’s board going forward due to
personal health reasons.
His position on the board will not be replaced at this time.
About Charter Communications
Charter Communications, Inc. is a leading broadband communications
company and the third-largest publicly traded cable operator in the
United States. Charter provides a full range of advanced broadband
services, including advanced Charter Digital Cable® video entertainment
programming, Charter High-Speed® Internet access, and Charter
Telephone®. Charter Business™ similarly provides scalable, tailored, and
cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, video and music entertainment services, and business
telephone. Charter’s advertising sales and production services are sold
under the Charter Media® brand. More information about Charter can be
found at www.charter.com.
Cautionary Statement Regarding Forward-Looking Statements:
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, regarding, among
other things, our plans, strategies and prospects, both business and
financial. Although we believe that our plans, intentions and
expectations reflected in or suggested by these forward-looking
statements are reasonable, we cannot assure you that we will achieve or
realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and
assumptions including, without limitation, the factors described under
"Risk Factors" from time to time in our filings with the Securities and
Exchange Commission ("SEC"). Many of the forward-looking statements
contained in this release may be identified by the use of
forward-looking words such as "believe," "expect," "anticipate,"
"should," "planned," "will," "may," "intend," "estimated," "aim," "on
track," "target," "opportunity" and "potential," among others. Important
factors that could cause actual results to differ materially from the
forward-looking statements we make in this release are set forth in
other reports or documents that we file from time to time with the SEC,
and include, but are not limited to:
-
the availability, in general, of funds to meet interest payment
obligations under our debt and to fund our operations and necessary
capital expenditures, either through cash flows from operating
activities, further borrowings or other sources and, in particular,
our ability to fund debt obligations (by dividend, investment or
otherwise) to the applicable obligor of such debt;
-
our ability to comply with all covenants in our indentures and
credit facilities, any violation of which, if not cured in a timely
manner, could trigger a default of our other obligations under
cross-default provisions;
-
our ability to pay or refinance debt prior to or when it becomes
due and/or refinance that debt through new issuances, exchange offers
or otherwise, including restructuring our balance sheet and leverage
position;
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the impact of competition from other distributors, including
incumbent telephone companies, direct broadcast satellite operators,
wireless broadband providers, and digital subscriber line ("DSL")
providers;
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difficulties in growing, further introducing, and operating our
telephone services, while adequately meeting customer expectations for
the reliability of voice services;
-
our ability to adequately meet demand for installations and
customer service;
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our ability to sustain and grow revenues and cash flows from
operating activities by offering video, high-speed Internet, telephone
and other services, and to maintain and grow our customer base,
particularly in the face of increasingly aggressive competition;
-
our ability to obtain programming at reasonable prices or to
adequately raise prices to offset the effects of higher programming
costs;
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general business conditions, economic uncertainty or slowdown,
including the recent disruption in the capital markets, the
significant slowdown in the housing sector, and overall economy; and
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the effects of governmental regulation on our business.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by this
cautionary statement.