---
schema_version: "secwatch.filing_event.v1"
accession: "0001051512-23-000038"
form_type: "8-K"
ticker: "TDS"
cik: "0001051512"
company_name: "TELEPHONE & DATA SYSTEMS INC /DE/"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:03:41.101926+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# TDS subsidiary UScellular amends CEO severance to include pro-rated equity vesting on no-cause termination

## Summary
- Addendum to CEO Laurent C. Therivel's letter agreement provides pro-rated vesting of eligible equity awards if terminated involuntarily without cause.
- The change affects TDS's named executive officer because UScellular CEO is a named executive officer of TDS.
- Pro-rated vesting applies to eligible equity awards effective at time of employment termination.
- No other changes to compensation or employment terms are described in the filing.

## SEC filing metadata
- accession: 0001051512-23-000038
- form_type: 8-K
- ticker: TDS
- cik: 0001051512
- company_name: TELEPHONE & DATA SYSTEMS INC /DE/
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051512/000105151223000038/0001051512-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051512/000105151223000038/tds-20230522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001051512-23-000038
- JSON: https://secwatch.observer/filing/0001051512-23-000038.json
- Plain text: https://secwatch.observer/filing/0001051512-23-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.