Univision Holdings Inc. said March 6 that it has requested the withdrawal of its Form S-1 registration statement submitted to the U.S. Securities and Exchange Commission for a proposed IPO of its class A shares, which it initially filed in July 2015.
"Due to prevailing market conditions, the company has determined not to utilize the registration statement for an initial public offering at this time. The company hereby confirms that no securities have been or will be sold pursuant to the registration statement," the company said in a March 6 SEC filing.
Meanwhile, Univision Holdings unit Univision Communications Inc., or UCI, said March 6 that it appointed Peter Lori as CFO, effective immediately.
Lori replaces Francisco Lopez-Balboa, who has decided to leave the company to pursue other opportunities.
Lori served as interim CFO in 2015, before UCI named Lopez-Balboa as CFO. His previous roles include Univision's executive vice president, finance, chief accounting officer and deputy CFO.
As UCI's new CFO, Lori will report to President and CEO Randy Falco.
