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): October 2, 2014

TIME WARNER INC.

(Exact Name of Registrant as Specified in its Charter)


Delaware
1-15062
13-4099534
(State or Other Jurisdiction of
(Commission File Number)
(IRS Employer
Incorporation)
 
Identification No.)

One Time Warner Center, New York, New York 10019
(Address of Principal Executive Offices) (Zip Code)

212-484-8000
(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2 below):

[  ]  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))

 
 

 
 
 
 
 

 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 2, 2014, Time Warner Inc. (the “Company”) announced that Doug Horne, age 44, will serve as Senior Vice President and Controller of the Company beginning January 1, 2015, succeeding Pascal Desroches. Turner Broadcasting System, Inc. (“Turner”), a wholly-owned subsidiary of the Company, announced on October 2, 2014 that Pascal Desroches will become Executive Vice President and Chief Financial Officer at Turner beginning January 1, 2015.
 
Mr. Horne currently is the Senior Vice President and Deputy Controller of the Company, a position that he has held since 2011.  Prior to joining the Company, Mr. Horne held various positions at AOL Inc. for 11 years, most recently serving as Deputy Chief Financial Officer, Controller, and Chief Accounting Officer.  AOL Inc. was a wholly-owned subsidiary of the Company until it was spun off into an independent publicly traded company in December 2009.  Before joining AOL Inc., Mr. Horne held positions with Ernst & Young LLP in its Technology, Communications and Entertainment assurance practice for several years.
 
The press release issued by the Company on October 2, 2014 announcing Mr. Horne’s appointment is attached as Exhibit 99.1 to this report.
  
Item 9.01.
Financial Statements and Exhibits.
   
Exhibit Description
   
99.1 
Press release issued October 2, 2014 by Time Warner Inc.
 
 
   
 

 
 
 
 
 


SIGNATURE

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.

       
 
TIME WARNER INC.
  
 
By:  
/s/ Edward B. Ruggiero 
   
Name: 
Edward B. Ruggiero
   
Title:  
Senior Vice President and Treasurer
 

Date:  October 8, 2014



 
 
 

EXHIBIT INDEX

   
Exhibit Description
   
99.1
Press release issued October 2, 2014 by Time Warner Inc.
 
 



exhibit991.htm
EXHIBIT 99.1
 
 
TIME WARNER INC. APPOINTS DOUG HORNE CONTROLLER

NEW YORK, October 2, 2014 – Time Warner Inc. Executive Vice President and Chief Financial Officer Howard Averill today announced that Doug Horne will be elevated to Senior Vice President and Controller effective January 1, 2015. Currently Time Warner's Senior Vice President and Deputy Controller, Horne will succeed Pascal Desroches, who will become Executive Vice President and Chief Financial Officer of Turner Broadcasting System, Inc. In his new role, Mr. Horne will oversee a broad range of financial matters for Time Warner, including internal and external financial reporting.
 
In announcing Mr. Horne’s appointment, Mr. Averill said: “Doug’s integrity and leadership have made him a highly respected executive across Time Warner and throughout the industry. He has helped to guide the company through many complicated financial transactions, including the recent spin-off of Time Inc. into a separate, publicly traded company. I am pleased that as our Controller, Doug will become the company’s new principal accounting officer.”
 
Mr. Horne joined Time Warner as Senior Vice President and Deputy Controller in 2011, after 11 years with AOL Inc. Previously, as Deputy Chief Financial Officer, Controller, and Chief Accounting Officer at AOL, Mr. Horne was responsible for AOL’s world-wide accounting, financial planning, shared-services, tax, and treasury functions. He was also instrumental in leading the financial efforts in the spin-off of AOL from Time Warner in 2009. Before joining AOL, Mr. Horne worked with Ernst & Young LLP in its Technology, Communications and Entertainment assurance practice, where he gained extensive international experience, working with clients in Asia and Europe.
 
Mr. Horne is an honors graduate of Virginia Tech where he received a BS in Accounting.

About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.
    
Contact:    
Keith Cocozza    
keith.cocozza@timewarner.com    
(212) 484-7482