TDS appoints Walter Carlson as CEO; predecessor Ted Carlson becomes Vice Chair effective Feb 1

TELEPHONE & DATA SYSTEMS INC /DE/

Walter C. D. Carlson appointed TDS President & CEO effective Feb 1, 2025; was Board Chair since 2002.
LeRoy T. Carlson, Jr. becomes Vice Chair focusing on enterprise strategy; remains UScellular Board Chair.
Christopher D. O'Leary appointed Lead Independent Director of TDS Board.
Walter Carlson compensation: $850k base, 115% bonus target, $3M LTIP; Ted Carlson: $700k base, 80% bonus, $1.25M LTIP.
Bylaws amended to allow Board Chair to be a non-officer/employee.

item 5.02 item 5.03 item 9.01

Executive movements

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Role change

LeRoy T. Carlson, Jr.

Vice Chair

TDS · TELEPHONE & DATA SYSTEMS INC /DE/

Effective: 2025-02-01
Successor: Walter C. D. Carlson
Filed: January 27, 2025, 6:59 PM ET

LeRoy T. Carlson, Jr. will assume a newly created Vice Chair position.

Appointed

Walter C. D. Carlson

President and Chief Executive Officer

TDS · TELEPHONE & DATA SYSTEMS INC /DE/

Effective: 2025-02-01
Filed: January 27, 2025, 6:59 PM ET

appointed Walter C. D. Carlson as President and Chief Executive Officer of TDS effective February 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

LeRoy T. Carlson, Jr. changed role as Vice Chair at TELEPHONE & DATA SYSTEMS INC /DE/.

Action: will assume
Role: Vice Chair

Exact text from the filing

LeRoy T. Carlson, Jr. will assume a newly created Vice Chair position.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Walter C. D. Carlson was appointed as President and Chief Executive Officer at TELEPHONE & DATA SYSTEMS INC /DE/.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed Walter C. D. Carlson as President and Chief Executive Officer of TDS effective February 1, 2025.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TELEPHONE & DATA SYSTEMS INC /DE/: Amended Section 2.19 of the Bylaws to allow the Chair of the Board to not be an officer or employee (effective 2025-01-24).

Change: bylaw amendment
Effective: 2025-01-24

Exact text from the filing

On January 24, 2025, the Board of Directors of TDS adopted an amendment (the “Amendment”) to the Bylaws of TDS, as amended and restated as of December 13, 2024, which became effective immediately. The Amendment to Section 2.19 provides that the Chair of the Board of Directors may, but need not be, an officer or employee of the company.

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89 governance changes filed in the last 30 days. Browse all governance changes →

TELEPHONE & DATA SYSTEMS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001051512-25-000005

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