Shentel delays SVP Pirtle's departure to Dec 31; awards $364K in one-time bonuses for wireless sale

SHENANDOAH TELECOMMUNICATIONS CO/VA/

William Pirtle's departure extended to Dec 31, 2021 (from Aug 2) to assist sales transition under internal reorganization.
Separation agreement signed: Pirtle retains base salary and benefits through Dec 31; no future equity grants.
One-time cash bonuses of $137K (Volk), $130K (McKay), $97K (Pirtle) paid Aug 4 for wireless asset sale completion.
Severance terms include 'Covered Termination' after change in control with modified bonus payout up to greater of earned or target for 2021.

item 5.02 item 9.01

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Departed

William L. Pirtle

Senior Vice President Sales

SHEN · SHENANDOAH TELECOMMUNICATIONS CO/VA/

Effective: 2021-12-31
Filed: July 30, 2021, 7:59 PM ET

On July 30, 2021, Shenandoah Telecommunications Company (“Shentel” or the “Company”) announced that William L. Pirtle’s departure from the Company has been delayed until December 31, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

William L. Pirtle departed as Senior Vice President Sales at SHENANDOAH TELECOMMUNICATIONS CO/VA/.

Action: departing
Role: Senior Vice President Sales

Exact text from the filing

On July 30, 2021, Shenandoah Telecommunications Company (“Shentel” or the “Company”) announced that William L. Pirtle’s departure from the Company has been delayed until December 31, 2021.

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Source: SEC EDGAR

accession 0001171843-21-005320

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