Mon, Mar 24, 9:06 PM (33 days ago)
**Windstream Parent, Inc. (No Ticker) - 2024 Annual Report Summary** **Financial Performance:** Windstream Parent, Inc. is a shell company with no material operations or assets. It was formed to facilitate the merger of Windstream Holdings II, LLC and Uniti Group, Inc. The company has not engaged in any activities other than those related to its formation and the merger. **Strategic Overview:** The company's primary strategic focus is the completion of the merger with Uniti Group, Inc. The merger is subject to various conditions, including regulatory approvals and shareholder approval. Windstream expects the merger to close in mid-2025. **Future Outlook:** Post-merger, the company will undergo significant restructuring, with Windstream and Uniti becoming wholly-owned subsidiaries. The new entity, New Uniti, will have a different board and management composition. The merger is expected to create a stronger, more competitive entity in the telecommunications industry. **Risk Factors:** Key risks include regulatory approvals, shareholder litigation, transaction costs, and potential distractions for management. The company also faces risks related to cybersecurity, technology changes, and regulatory environment changes. The merger's success depends on the integration and performance of New Uniti. **Financial Condition:** The company has no long-term debt, capital lease obligations, or other long-term liabilities. It has not engaged in any operating, investing, or financing activities. All merger-related expenses are funded by Windstream. The company's balance sheet as of December 31, 2024, shows no total assets or shareholder equity, with 100 common shares issued and outstanding. **Market Position Changes:** The company's common stock is not publicly traded and is not expected to be until after the merger. As of March 24, 2025, there is one holder of the company's common stock. **Management and Governance:** The current management includes Paul Sunu (President, CEO, and Director), Drew Smith (CFO and Treasurer), and Kristi Moody (Executive Vice President, General Counsel, Chief Compliance Officer, and Director). The company does not currently have a code of ethics, an audit committee, or insider trading policies, but it plans to evaluate these as it develops.