Highest-materiality recent filing
TDS subsidiary Array closes $1B spectrum sale to Verizon, declares $11/shr special dividend
Array Digital Infrastructure (f/k/a US Cellular) completed sale of select spectrum assets to Verizon for $1.0B cash on June 1, 2026.
TDS shareholders elect directors, approve auditor and officer exculpation charter amendment
All eight Series A directors (Carlson Jr., Carlson M.D., Carlson P., Carlson W., Dixon K.S., Off, Rutledge, Villacrez) elected with ~74.8M votes each.
TDS proposes to acquire remaining ~18% of Array for 0.86 TDS shares per share
TDS offers 0.86 TDS common shares for each Array share not owned; TDS currently owns 81.9% of Array stock.
TDS Q1 net income $129.3M ($1.11 EPS) vs loss year ago; proposes to buy remaining Array shares
Operating revenues from continuing ops $309.5M, up from $290.4M a year ago.
TDS approves 2026 executive bonus plan with 80% company performance weighting
Plan covers EVP, SVP, Vice Chair, and TDS Telecom President/CEO; excludes TDS President/CEO.
TDS SVP Strategy & Corp Dev Joseph Hanley to retire July 1, 2026
Joseph R. Hanley, SVP Strategy and Corporate Development, notified TDS of retirement effective July 1, 2026 or mutually agreed date.
TDS reports Q4 2025 net income $37.2M; raises fiber goal to 2.1M addresses
Q4 2025 revenues $330.7M; net income $37.2M ($0.32 EPS) vs $1.0M ($0.01) YoY.
TDS subsidiary Array sells spectrum to AT&T for $1.018B; declares $10.25/shr special dividend
Array (f/k/a US Cellular) completed sale of select spectrum assets to AT&T on Jan 13, 2026 for $1.018B cash.
TDS extends credit facility maturity, increases debt capacity by $300M
Fourth Amendment to credit agreement extends maturity to 5th anniversary of Dec 8, 2025.
TDS swings to Q3 profit; $500M buyback authorized; Array CEO named
Q3 2025 revenue $308.5M (-5.8% YoY); net income $40.2M vs loss $100.4M; diluted EPS $0.33 vs -$0.88.
TDS pays in full and terminates three credit agreements, incurs $9M penalty
Paid all indebtedness and terminated three credit agreements on August 19, 2025.
TDS Q2 revenue down 4% to $1.19B; net loss narrows to $5M; closes T-Mobile sale
Total operating revenues $1,186M vs $1,238M YoY; net loss attributable to common $(5)M ($(0.05)/share) vs $(14)M.
TDS closes $4.3B sale of Array wireless ops to T-Mobile; special dividend $23/share
Array (fka US Cellular) sold wireless operations to T-Mobile for ~$4.3B: $2.6B cash + $1.7B debt exchange.
UScellular appoints Douglas Chambers interim CEO, effective on T-Mobile deal close
Douglas W. Chambers named interim President and CEO of UScellular, contingent on closing of T-Mobile Securities Purchase Agreement (May 24, 2024).
TDS discloses separation terms for former TDS Telecom CEO Butman; $2M severance
James Butman stepped down as TDS Telecom President/CEO on June 9, served as Senior Advisor through July 1, 2025.
TDS subsidiary UScellular enters Fourth Amended Credit Agreement
UScellular entered into a Fourth Amended and Restated Credit Agreement on June 25, 2025.
T-Mobile USA announced preliminary results of exchange offers for four series of USCC senior notes: 6.700% due 2033, 6.250% due 2069, 5.500% due March 2070, 5.500% due June 2070.
TDS: James Butman retires as TDS Telecom CEO; Kenneth Dixon appointed
James W. Butman steps down as TDS Telecom President & CEO effective June 9, 2025; will serve as Senior Advisor through July 1.
TDS Annual Meeting results: all director nominees elected, auditor ratified, say-on-pay approved
Eight Series A director nominees each received >73.8M for votes; 2.0K broker non-votes per nominee.
TDS Q1 2025 net loss $10M; revenue down 8.6% to $1.154B
Net loss of $10M ($0.09 diluted EPS) vs net income of $12M ($0.10) in Q1 2024.
TDS adopts 2025 bonus plan and amends bylaws for Vice Chair role
2025 bonus plan covers Vice Chair, EVP/SVP, TDS Telecom CEO; weights: 80% company performance (60% UScellular, 40% TDS Telecom) and 20% individual.
TDS Q4 2024 revenue down 5.6% YoY; net loss narrows to $11M vs $523M year ago
Q4 total operating revenue $1.24B, down from $1.31B; full year revenue $4.96B vs $5.16B.
TDS appoints Walter Carlson as CEO; predecessor Ted Carlson becomes Vice Chair effective Feb 1
Walter C. D. Carlson appointed TDS President & CEO effective Feb 1, 2025; was Board Chair since 2002.
TDS incorporates UScellular 2025 CEO bonus plan by reference
UScellular 2025 Annual Incentive Plan effective Jan 1, 2025, governs CEO annual bonus.
Telephone and Data Systems amends bylaws, aligns with Delaware law, updates advance notice rules
Board adopted amended and restated bylaws effective December 13, 2024.
Telephone and Data Systems elects Napoleon B. Rutledge, Jr. to Board, effective Dec 1, 2024
Napoleon B. Rutledge, Jr. elected to TDS Board effective December 1, 2024.
UScellular sells spectrum to AT&T for $1.018B, contingent on T-Mobile deal
Sale of 1,250M MHz-Pops of 3.45 GHz and 331M MHz-Pops of 700 MHz licenses to AT&T for $1.018B cash.
TDS Q3 net loss widens to $83M; UScellular announces $1B spectrum sale to Verizon
Total operating revenues $1,224M, down 4% YoY; diluted EPS loss $(0.73) vs $(0.16).
Verizon to buy 663M MHz POPs of Cellular, 11M AWS, 19M PCS licenses for $1.0B cash, subject to adjustments.
TDS reports Q2 revenue down 2% to $1.24B, net loss narrows to $14M; TDS Telecom guidance updated
Total operating revenues $1,238M in Q2 2024 vs $1,267M YoY; net loss $14M ($0.13 EPS) vs $19M ($0.17).
New segments: UScellular Wireless, UScellular Towers, TDS Telecom. Effective quarter ending June 30, 2024.
TDS board approves sale of UScellular wireless ops to T-Mobile for $4.4B; cuts common dividend 80%
Sale of UScellular wireless ops and ~30% of spectrum to T-Mobile for $4.4B in cash and assumption of up to ~$2B debt; deal expected to close mid-2025.
TDS and U.S. Cellular agree to sell wireless ops and spectrum to T-Mobile for $4.4B
Purchase price of $4.4B in cash and debt assumption; $400M escrowed for certain spectrum, $100M contingent on milestones.
TDS shareholders approve 7M share increase in LTIP; all director nominees elected
Amendment to 2022 Long-Term Incentive Plan approved; authorized shares increased from 5M to 12M.
TDS Q1 net income $12M vs year-ago loss; revenues down 3% to $1,262M
Net income $12M ($0.10 EPS) vs loss of $9M (-$0.08) in Q1 2023.
TDS adopts 2024 bonus plan for EVPs, SVPs; 80% company performance weighting
Plan covers EVP and SVP officers (excluding TDS CEO) and TDS Telecom President and CEO.
TDS subsidiary UScellular adopts 2024 Annual Incentive Plan for CEO
Plan effective Jan 1, 2024, determines annual bonus for UScellular President and CEO.
Q4 2023 net loss attributable to TDS common shareholders of $523M ($4.64 EPS loss) vs loss of $43M ($0.38) year-ago.
TDS subsidiary UScellular amends LTIP award agreements for CEO and others
Amendments apply to awards issued to UScellular President and CEO, a named executive officer of TDS, and other participants.
TDS Q3 revenues down 8% to $1,278M; net loss narrows to $17M; raises fiber address goal
Total operating revenues $1,278M in Q3 2023, down from $1,392M in Q3 2022.
TDS Board amends Bylaws to mandate expense advancement for directors and officers
Bylaw amendment adopted Oct 13, 2023, effective immediately.
TDS enters $300M secured credit facility, borrows full amount for general corporate purposes
$300M secured term loan credit facility, fully drawn on Sept 28, 2023; part used to repay existing revolver.
Laurent C. Therivel resigns from TDS board; CFO Vicki Villacrez appointed director
Laurent C. Therivel, CEO of UScellular, resigned from TDS board effective Aug 8, 2023, to focus on UScellular operations and strategic review.
TDS explores strategic alternatives for UScellular; Q2 net loss $19M
Boards of TDS and UScellular initiate process to explore strategic alternatives for UScellular; no definitive timeline or outcome assured.
Addendum to CEO Laurent C. Therivel's letter agreement provides pro-rated vesting of eligible equity awards if terminated involuntarily without cause.
TDS annual meeting: all directors elected, say-on-pay approved, recap proposal defeated
All 12 director nominees elected; George W. Off received 47.1M for vs 44.4M withhold.
TDS reports Q1 2023 net loss of $9M, revenue down to $1.303B; reaffirms guidance
Total operating revenues $1,303M vs $1,315M YoY; net loss $(9)M vs profit $44M prior year.
TDS incorporates UScellular 2023 Annual Incentive Plan via 8-K
Plan determines annual bonus for UScellular President/CEO, a TDS NEO.
TDS approves 2023 Executive Officer Bonus Program with 80% quantitative metrics
Plan covers EVPs and SVPs except TDS President/CEO, plus TDS Telecom President/CEO.
TDS reports Q4 net loss of $43M (-$0.38 EPS); revenues $1,357M; provides 2023 guidance
Q4 2022 total operating revenues $1,357M vs $1,372M YoY; net loss $43M vs prior year income $14M.
the TDS Board elected Kenneth Dixon as a member of the TDS Board effective June 9, 2025.
Mr. Butman will be succeeded in his role as President and Chief Executive Officer of TDS Telecom by Kenneth Dixon.
he will also resign as a member of the board of directors of TDS (the TDS Board) effective June 9, 2025
LeRoy T. Carlson, Jr. will assume a newly created Vice Chair position.
appointed Walter C. D. Carlson as President and Chief Executive Officer of TDS effective February 1, 2025.
On November 8, 2024, the board of directors (the “Board”) of Telephone and Data Systems, Inc. (the “Company”) elected Napoleon B. Rutledge, Jr. t o serve as a member of the Board effective December 1, 2024.
On August 8, 2023, Laurent C. Therivel, the Chief Executive Officer (the CEO) of United States Cellular Corporation (UScellular), resigned from the board of directors (the Board) of Telephone and Data Systems, Inc. (TDS), effective as of the end of the day on August 8.
On August 9, 2023, Vicki L. Villacrez, Executive Vice President and Chief Financial Officer of TDS, was appointed as a director of TDS to fill the vacancy created by Mr. Therivel’s resignation.
On January 3, 2022, Gary L. Sugarman submitted his resignation as a member of the Board of Directors of Telephone and Data Systems, Inc. (TDS), effective immediately.
TDS announced that Vicki L. Villacrez will succeed Mr. Sereda as Executive Vice President and Chief Financial Officer of TDS effective in May 2022.
Peter L. Sereda will retire as Executive Vice President and Chief Financial Officer, effective in May 2022.
Max materiality 1.00 · Median 0.57 · Most common event earnings