Item 7.01 Regulation FD Disclosure.
CenturyLink, Inc. (the "Company" or "we" or "us") always welcomes constructive
input from its shareholders. We actively seek this input through our shareholder
engagement efforts on a year-round basis. During the course of our engagement
cycle, one of our significant shareholders requested that we prepare and
disseminate a sum of the parts analysis to support the belief that our stock
price may currently be undervalued by the market. We took this request seriously
and, in response, have prepared the requested analysis which is included in an
investor presentation (the "Investor Presentation"). The Investor Presentation
highlights our global fiber network, its role in serving as a platform for
emerging applications and its underlying value proposition and is largely based
on information disclosed by us or Level 3 Parent, LLC in reports filed or
furnished under the Securities Exchange Act of 1934 or otherwise disclosed in
conformity with Regulation FD. A copy of the Investor Presentation will be
posted to our website at ir.centurylink.com.
The Investor Presentation may be referenced by Jeff Storey, president and chief
executive officer, during a conference call with Wells Fargo Securities on
June 30, 2020. The presentation is scheduled to begin at 10:00 a.m. Eastern
Time.
The information in this Current Report on Form 8-K is being furnished and shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that Section, nor shall it be deemed incorporated by reference
into any filing of CenturyLink, Inc. under the Securities Act of 1933, as
amended, or the Exchange Act, whether made before or after the date hereof,
regardless of any general incorporation language in such filing. The furnishing
of this information hereby shall not be deemed an admission of the materiality
of any such information.
Forward-Looking Statements
Except for historical and factual information, the matters set forth or
referenced in this Current Report on Form 8-K identified by words such as
"will," "should," "expects," "anticipates," "believes," "plans," "intends," and
similar expressions are forward-looking statements as defined by the federal
securities laws, and are subject to the "safe harbor" protections thereunder.
These forward-looking statements are not guarantees of future results and are
based on current expectations only, and are subject to various uncertainties.
Actual events and results may differ materially from those anticipated by us in
those statements. We may change our intentions or plans discussed in our
forward-looking statements without notice at any time and for any reason.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit
No. Description
104 Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101)
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