BOCA RATON, Fla., May 09, 2016 (GLOBE NEWSWIRE) -- Prime Security Services Borrower, LLC (“Prime” and, together with its subsidiaries, “Protection 1”), a portfolio company of certain funds affiliated with Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries and affiliates, “Apollo”), announced today that The ADT Corporation (NYSE:ADT) (“ADT”) has filed Form 12b-25 with the Securities and Exchange Commission (the “SEC”), to avail itself of a filing extension for its quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2016 (the “Second Quarter 10-Q”), which would have otherwise been due on May 10, 2016 (the “Filing Date”).
As previously announced, on May 2, 2016, a wholly owned subsidiary of Prime merged (the “Merger”) with and into ADT, with ADT surviving the merger as a wholly owned subsidiary of Prime. As a result of the closing of the Merger, Protection 1 requires additional time to complete its review of the Second Quarter 10-Q prior to filing. In connection with the Merger, a Form 25 was filed with the SEC in respect of the delisting and deregistration of the common stock of ADT. In addition, in connection with the Merger, ADT expects that it will file with the SEC a Form 15 to deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934 on or about May 12, 2016.
About Protection 1
Protection 1 was acquired by certain funds affiliated with Apollo Global Management, LLC (NYSE:APO) on July 1, 2015 as the flagship for Apollo’s entrance into the alarm monitoring services industry, with a simultaneous acquisition of ASG Security, which has been effectively integrated into Protection 1. Protection 1 is a premier full-service business and home security company in the U.S. that provides installation, maintenance, and monitoring of single-family home security systems, business security systems and multi-family security systems. Protection 1 serves over 2 million customers and employs over 4,000 people in more than 90 office locations and five UL Certified monitoring centers across the country. For more information about Protection 1, visit http://www.protection1.com/corporate/news/.
The ADT Corporation (NYSE:ADT) is a leading provider of security and automation solutions for homes and businesses in the United States and Canada. ADT’s broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. Headquartered in Boca Raton, Florida, ADT helps provide peace of mind to over 6.5 million customers and employs approximately 17,000 people at 200 locations. More information is available at www.adt.com.
This press release contains forward-looking statements within the meaning of applicable federal securities laws. Forward-looking statements involve risks and uncertainties, including but not limited to economic, competitive, and technological factors outside Protection 1’s control that may cause actual results to differ materially from the forward-looking statements. You should not place undue reliance on forward-looking statements as a prediction of actual results. Protection 1 expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.
Media Contacts For Apollo Global Management: Apollo Global Management, LLC Gary M. Stein, 212-822-0467 Head of Corporate Communications firstname.lastname@example.org or Rubenstein Associates, Inc. for Apollo Global Management, LLC Charles Zehren, 212-843-8590 email@example.com For Protection 1: Jennifer Webb, 212-221-1616 Coltrin & Associates Jennifer_webb@coltrin.com For ADT: Jason Shockley, 561-322-7235 Vice President, Corporate Communications firstname.lastname@example.org