secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0000821130-22-000018
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular adopts 2022 Officer Annual Incentive Plan with revenue, cash flow, capex metrics
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- Plan covers all officers except temporary; Chairman and CEO approved April 13, 2022.
- Performance measures: Total Service Revenues (35%), Operating Cash Flow (28%), Capex (7%), Chairman assessment (10%), Individual (20%).
- Bonus payouts range from 50% to 200% of target for revenue and cash flow; 50% to 150% for capex.
- No bonus unless employed through payout date; retirement (age 55+10 yrs service) or death eligible for pro-rated payout.
- Payment by March 15, 2023; plan subject to clawback and company's right to modify or terminate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113022000018/0000821130-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113022000018/usm-20220413.htm
  HTML page:      https://secwatch.observer/filing/0000821130-22-000018

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