Highest-materiality recent filing
Shentel Q1 net loss widens to $15.8M; Glo Fiber revenue +34.6% YoY; confirms guidance
Revenue $92.2M (+4.8% YoY); net loss $15.8M vs $9.1M prior year; adjusted EBITDA $31.7M (+15%).
Matthew S. DeNichilo, Kenneth L. Quaglio, and Michael A. Rhymes elected for three-year terms expiring 2029.
Shentel Q4 revenue $91.6M (+7.2%), Adj. EBITDA margin 36.5%; secures $567.4M fiber notes
Q4 net loss from continuing ops $5.4M, improved from $6.2M loss in Q4 2024.
Shenandoah Telecom board loses two directors at 2026 annual meeting
Tracy Fitzsimmons will not stand for reelection at the April 21, 2026 Annual Meeting.
Shentel closes $567.4M fiber securitization, refinances credit facilities
Issued $567.4M in secured fiber network revenue term notes: $489.1M Class A-2 at 5.64% and $78.3M Class B at 6.03%.
Shentel prices $567.4M inaugural fiber network securitization with 5.69% weighted avg coupon
$489.1M Class A-2 notes at 5.64% and $78.3M Class B notes at 6.03%, both due Dec 2030.
Shentel Q3 net loss widens to $9.4M, revenue up 2.5%, Glo Fiber +41%
Net loss from continuing ops $9.4M vs $5.3M in Q3 2024.
Shentel Q2 2025: Revenue up 3.2% to $88.6M, net loss narrows to $9.0M, Glo Fiber subs up 43%
Net loss from continuing operations $9.0M, improved from $12.8M loss in Q2 2024.
Shentel appoints Edward McKay President & CEO; Chris French becomes Executive Chairman
Transition effective September 1, 2025. McKay currently EVP & COO, joined Shentel in 2004.
Shentel waives standstill provisions, allows ECP to acquire up to 2.25M additional shares
On May 21, 2025, Shentel waived standstill provisions in the Investment Agreement with ECP Fiber Holdings LP.
Shentel Q1 revenue up 27% to $87.9M; Adjusted EBITDA up 43% to $27.6M
Revenue rose 26.9% YoY to $87.9M, driven by $15.2M from acquired Horizon markets and 52% Glo Fiber revenue growth.
Shentel appoints Tracy Willis as principal accounting officer; annual meeting results filed
Tracy Willis, age 60, appointed principal accounting officer effective April 22, 2025; she joined as VP & CAO in December 2024.
Shentel extends $300M credit facility maturities to July 2027; leverage covenant eased to 4.75x
Maturity date of $150M revolver and $150M Term Loan A-1 extended from July 2026 to July 2027.
Shentel posts Q4 2024 loss of $6.2M as revenue climbs to $85.4M; Glo Fiber customers up 56%
Full year 2024 revenue $328.1M (+21.9% YoY); net loss from continuing ops $28.4M vs income $1.0M in 2023.
Shentel Q3 revenue up 30% to $87.6M; net loss widens to $5.3M; Glo Fiber adds 6k subs
Revenue grew $20.2M YoY to $87.6M, driven by Horizon acquisition ($16.9M) and Glo Fiber expansion.
Shenandoah Telecom CAO Dennis Romps to resign Sept 6; CFO Volk to take over accounting role
VP and CAO Dennis Romps notified company of resignation on August 19, 2024.
Shentel Q2 revenue up 28.7% to $85.8M; net loss widens to $12.8M on Horizon acquisition costs
Revenue $85.8M, up 28.7% YoY; Horizon contributed $16.7M in revenue.
Shenandoah Telecommunications appoints Michael Rhymes to board, increasing size to 11
Board increased from 10 to 11 directors; Rhymes appointed as Class 2 Director effective July 30, 2024.
Shentel files Horizon acquisition financials: $23.8M loss on $66.7M revenue in 2023
Horizon net loss $23.8M in 2023 vs $12.0M loss in 2022; revenue $66.7M (+3% YoY).
Shenandoah Telecom files Articles of Correction to clarify prior amendment scope
Filed Articles of Correction with Virginia SCC on May 30, 2024.
Shentel Q1 net loss from continuing ops $4.1M; closes Tower sale, Horizon acquisition
Revenue grew 3.1% to $69.2M; net loss from continuing ops $4.1M vs income $0.7M YoY.
Shentel board expands to 10, appoints DiMola and DeNichilo; shareholders approve 2024 equity plan
Board size increased from 8 to 10; charter amended to allow max of 13 directors.
On April 22, 2025, Tracy L. Willis was appointed principal accounting officer of Shenandoah Telecommunications Company (the “Company”).
On August 19, 2024, Dennis Romps, Vice President and Chief Accounting Officer of Shenandoah Telecommunications Company (the “Company”), notified the Company of his intention to resign from the Company, effective September 6, 2024.
Effective upon his departure, James Volk, the Company’s Senior Vice President and Chief Financial Officer, will serve as the Company’s principal accounting officer and will continue to serve as the Company’s principal financial officer.
On July 30, 2024, the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”) increased the size of the Board from 10 to 11 and appointed Michael A. Rhymes to serve as a Class 2 Director, effective immediately.
the Board increased the size of the Board from 8 to 10 and appointed (i) James F. DiMola to serve as a Class 3 Director for a term expiring at the Company’s 2025 Annual Meeting of Shareholders
and (ii) Matthew S. DeNichilo to serve as a Class 1 Director for a term expiring at the 2025 Annual Meeting
Max materiality 0.85 · Median 0.65 · Most common event earnings