VIACOMCBS INC.8-KAugust 16, 20210000813828false00008138282021-05-142021-05-140000813828us-gaap:CommonClassAMember2021-05-142021-05-140000813828us-gaap:CommonClassBMember2021-05-142021-05-140000813828us-gaap:ConvertiblePreferredStockMember2021-05-142021-05-14

Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 16, 2021
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
(Commission File Number)(IRS Employer Identification
1515 Broadway
New York,New York10036
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (212258-6000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the 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:
Title of each classTrading SymbolsName of each exchange on which registered
Class A Common Stock, $0.001 par valueVIACAThe Nasdaq Stock Market LLC
Class B Common Stock, $0.001 par valueVIACThe Nasdaq Stock Market LLC
5.75% Series A Mandatory Convertible Preferred Stock, $0.001 par valueVIACPThe Nasdaq Stock Market LLC
Indicate by check mark whether the 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 8.01    Other Events

ViacomCBS Inc. (the “Company”) has entered into an agreement to sell 51 West 52nd Street, an office tower that was formerly the headquarters of CBS Corporation, to Harbor Group International, LLC, a privately owned international real estate investment and management firm, for a purchase price of $760 million. Following the closing of the transaction, which is expected before the end of 2021, the Company will lease back the space it occupies on a short-term basis.

The Company will use the proceeds from this transaction in a manner consistent with its previously disclosed capital allocation strategy, allowing further financial flexibility to invest in its strategic growth priorities, including its streaming initiatives.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By: /s/ Christa A. D'Alimonte
Name: Christa A. D'Alimonte
Title: Executive Vice President,
          General Counsel and Secretary

Date: August 16, 2021