Highest-materiality recent filing
Director James F. DiMola resigns; GCM Grosvenor's Matthew D. Rinklin elected to Board
James F. DiMola resigned from Shenandoah Telecommunications Board effective June 8, 2026; no disagreement with company.
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.
Shentel closes $309.9M tower sale to Vertical Bridge, files pro forma results
Sale of tower portfolio to Vertical Bridge for $309.9M cash closed March 29, 2024.
Shentel completes Horizon acquisition for $305M cash + 4.1M shares; issues $81M preferred to ECP
Completed acquisition of Horizon Telcom, a commercial fiber provider in Ohio and adjacent states, effective April 1, 2024.
Shentel completes initial tower sale for $309.9M; funds Horizon Telcom and fiber growth
Initial closing conveyed ~98% of tower portfolio; remaining closings expected by March 2025.
Shentel sells tower portfolio to Vertical Bridge for $310.3M in cash
Transaction includes 226 tower sites (218 macro towers, 8 small cells).
Shentel reports 2023 net income $8.0M, rev $287.4M (+7.5%); Glo Fiber customers +71.7%
Consolidated net income $8.0M vs net loss $8.4M in 2022; revenue $287.4M (+7.5%).
Shentel Q3 revenue $71.8M (+7.3% YoY); net income $1.6M vs loss; Glo Fiber adds 4,500 subs
Consolidated revenue grew 7.3% to $71.8M; net income $1.6M ($0.03 EPS) vs net loss of $2.7M.
Shentel acquires Horizon for $305M cash plus stock; ECP invests $81M in preferred
Total cash consideration of $305M to Sellers plus ~4.08M shares to GCM Grosvenor; up to $65M additional for capex.
Shentel to acquire Horizon Telcom for $385M in cash and stock
Acquires 100% of Horizon for $385M: $305M cash + $80M common stock (4.08M shares to GCM Grosvenor).
Shentel Q2 net income $1.8M vs loss; revenue +8.1%, Broadband EBITDA +18.4%
Consolidated net income $1.8M ($0.04 EPS) vs net loss $3.2M ($0.06 loss) in Q2 2022.
Shentel confirms no lead-covered cables in its network after media reports
Company assessed its communications network in response to recent media reporting on lead cables.
Shentel extends draw period on $300M term loans to Dec 31, 2023; shifts first repayment to Mar 2024
Amendment extends $150M Term Loan A-1 and $150M Term Loan A-2 draw period from July 1 to Dec 31, 2023.
Shentel Q1 revenue up 11.3% to $71.7M, net income $2.1M vs loss YoY; Glo Fiber adds surge
Revenue $71.7M (+11.3% YoY); net income $2.1M vs net loss $0.6M in Q1 2022; EPS $0.04 vs ($0.01).
SHEN shareholders re-elect directors, ratify RSM US as auditor, approve say-on-pay
Elected Tracy Fitzsimmons (30.6M for, 2.0M against), John Flora (31.8M for, 0.8M against), Kenneth Quaglio (32.3M for, 0.2M against) as directors for three-year terms.
Shentel FY2022 revenue +9% to $267.4M, net loss $8.4M; Glo Fiber customers double
Full-year revenue $267.4M (+9.0% YoY); net loss $8.4M vs net income $7.9M in 2021.
Shentel Q3 2022: revenue up 7.5% to $66.9M but EPS loss of $0.05; enters $21.1M spectrum sale
Revenue grew 7.5% to $66.9M; loss from continuing ops per share of $0.05 vs income $0.13 in Q3 2021.
Shenandoah Telecom amends bylaws to comply with universal proxy rules under Rule 14a-19
Bylaws prohibit proxy solicitations for non-board nominees unless compliant with Rule 14a-19.
Shentel grants PSUs to four named executives with FTTH, cost, EBITDA targets
Grants to COO McKay (19,380 PSUs), CFO Volk (3,960), CIO Cheng (7,050), CHRO Tormey (1,550).
Shentel Q2 revenue up 8.8% to $66M; net loss $3.2M on Beam impairment
Net loss from continuing ops $3.2M vs income $1.6M YoY; adjusted EBITDA up 16.4% to $18.6M.
Shentel reports Q1 revenue up 7.9% to $64.4M, but EPS turns to $(0.01) loss
Revenue $64.4M (+7.9% YoY); loss from continuing ops of $(0.01)/share vs income $0.06 in Q1 2021.
Shenandoah Telecom reduces board from 9 to 8; annual meeting elects directors, ratifies auditor
Board size reduced from 9 to 8 directors effective April 19, 2022 via Bylaws amendment.
Shenandoah Telecom dismisses KPMG, appoints RSM as new auditor for FY2022
Audit committee selected RSM US, LLP as independent auditor for FY2022 ending Dec 31, 2022.
Shenandoah Telecom elects Victor C. Barnes to board, increases board size to 9
Victor C. Barnes elected as director with term expiring at 2022 annual meeting; will serve on Audit Committee.
Shentel reports 2021 revenue up 11.1% to $245.2M; broadband data RGUs +15.9%
Full-year net income from continuing ops $7.9M vs $1.6M; diluted EPS $0.16 vs $0.03.
Shenandoah Telecom board member Dale Lam will not stand for re-election at 2022 annual meeting
Dale Lam informed the Board on Jan 25, 2022 he will not stand for re-election at the April 19, 2022 Annual Meeting.
Shentel Q3 revenue up 12.8% to $62.2M, Adjusted OIBDA up 31.7%; raises Glo Fiber target to 450k
EPS from continuing ops $0.13 vs $0.03 YoY; revenue $62.2M, Broadband segment +14.2% to $57.9M.
Appointed Dennis A. Romps as principal accounting officer effective August 19, 2021.
Shentel delays SVP Pirtle's departure to Dec 31; awards $364K in one-time bonuses for wireless sale
William Pirtle's departure extended to Dec 31, 2021 (from Aug 2) to assist sales transition under internal reorganization.
On June 4, 2026, James F. DiMola, a member of the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), informed the Company of his decision to resign from the Board, effective as of June 8, 2026.
Effective June 8, 2026, pursuant to the Investor Rights Agreement as described above, the Board elected Matthew D. Rinklin to fill the Investor Director vacancy created by Mr. DiMola’s resignation.
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
On February 22, 2022, the board of directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), elected Victor C. Barnes as a director with a term expiring at the Company’s annual meeting of shareholders in 2022.
On January 25, 2022, Dale Lam, a member of the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), informed the Company of his decision not to stand for re-election to the Board at the Company’s 2022 Annual Meeting of Shareholders to be held on April 19, 2022.
On August 19, 2021, Dennis A. Romps was appointed principal accounting officer of Shenandoah Telecommunications Company (the “Company”).
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.
Max materiality 0.90 · Median 0.65 · Most common event earnings