secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000821130-24-000016
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular adopts 2024 Annual Incentive Plan for named executives with revenue, cash flow, capex targets
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- Plan components: 80% company performance (70% financial metrics, 10% Chair assessment), 20% individual for officers.
- Financial metrics: 50% Consolidated Total Service Revenues, 40% OCF, 10% Capital Expenditures; payout range 50%-200%.
- No bonus unless employed through payout date; prorated eligible only for retirement (55+ with 10 yrs service) or death.
- CEO and Chair approved plan effective Jan 1, 2024; payout no later than Mar 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113024000016/0000821130-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113024000016/usm-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000821130-24-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer