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Executive Change

Filed Sep 15, 2025 · 9mo ago · Accession 0001193125-25-203545

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): September 9, 2025       Lumen Technologies, Inc. (Exact name of registrant as specified in its charter)       Louisiana   001-7784   72-0651161 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   100 CenturyLink Drive Monroe , Louisiana   71203 (Address of principal executive offices)   (Zip Code) ( 318 ) 388-9000 (Registrant’s telephone number, including area code)     Level 3 Parent, LLC (Exact name of registrant as specified in its charter)       Delaware   001-35134   47-0210602 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   931 14 th Street Denver , Colorado   80202 (Address of principal executive offices)   (Zip Code) ( 720 ) 888-1000 (Registrant’s telephone number, including area code)     Qwest Corporation (Exact name of registrant as specified in its charter)       Colorado   001 - 03040   84 -0273800 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   931 14 th Street , Denver , Colorado   80202 (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.   Common Stock, no-par value per share   LUMN   New York Stock Exchange Lumen Technologies, Inc.   Preferred Stock Purchase Rights   N/A   New York Stock Exchange Qwest Corporation   6.5% Notes Due 2056   CTBB   New York Stock Exchange Qwest Corporation   6.75% Notes Due 2057   CTDD   New York Stock Exchange 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
Filing details
Ticker
LUMN
CIK
18926
Form type
8-K
Filing date
Sep 15, 2025
Report date
Sep 9, 2025
Document
d60055d8k.htm
Size
248 KB