Source-grounded facts extracted from TELEPHONE & DATA SYSTEMS INC /DE/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Advisory vote on executive compensation (Say-on-Pay) at the 2026-05-21 meeting.
“4. Proposal to approve, on an advisory basis, the compensation of our named executive officers as disclosed in TDS' Proxy Statement dated April 8, 2026 (commonly known as "Say-on-Pay"). The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 118,794,713 6,649,586 283,398 2,420,522”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Approve amendments to Restated Certificate of Incorporation to allow for exculpation of officers at the 2026-05-21 meeting.
“3. Proposal to approve amendments to TDS' Restated Certificate of Incorporation to allow for exculpation of officers. The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 110,192,258 13,684,261 1,851,178 2,420,522”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Ratify selection of PricewaterhouseCoopers LLP as independent registered public accountants for 2026 at the 2026-05-21 meeting.
“2. Proposal to ratify the selection of PricewaterhouseCoopers LLP as our Independent Registered Public Accountants for the year ending December 31, 2026. The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 127,469,299 516,563 162,357 —”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Election of Directors by holders of Common Shares at the 2026-05-21 meeting.
“b. For the election of four Directors of TDS by the holders of Common Shares: Nominee For Withhold Broker Non-vote Kimberly D. Dixon 83,131,138 10,875,791 4,433,834 Christopher D. O'Leary 57,851,257 36,155,672 4,433,834 Wade Oosterman 83,646,319 10,360,610 4,433,834 Dirk S. Woessner 83,654,676 10,352,254 4,433,834”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Election of Directors by holders of Series A Common Shares at the 2026-05-21 meeting.
“1. Election of Directors. The following directors received the following votes and were elected : a. For the election of eight Directors of TDS by the holders of Series A Common Shares: Nominee For Withhold Broker Non-vote LeRoy T. Carlson, Jr. 74,832,251 — 20,040 Letitia G. Carlson, M.D. 74,832,251 — 20,040 Prudence E. Carlson 74,832,251 — 20,040 Walter C. D. Carlson 74,832,251 — 20,040 Kenneth S. Dixon 74,832,251 — 20,040 George W. Off 74,832,251 — 20,040 Napoleon B. Rutledge, Jr. 74,832,251 — 20,040 Vicki L. Villacrez 74,832,251 — 20,040”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported first quarter 2026 results: revenue $309.5 million, net income $129.3 million, EPS $1.11. Guidance reaffirmed.
“TDS reported total operating revenues from continuing operations of $309.5 million for the first quarter of 2026, versus $290.4 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and diluted earnings (loss) per share from continuing operations were $129.3 million and $1.11, respectively, for the first quarter of 2026 compared to $(23.2) million and $(0.20), respectively, in the same period one year ago.”
Material Agreements
TELEPHONE & DATA SYSTEMS INC /DE/ amended Fourth Amendment with Wells Fargo Bank, National Association, as administrative agent, and the other lenders thereto valued at an aggregate amount of $300 million (effective 2025-12-08).
“On December 8, 2025 (the “Effective Date”), Telephone and Data Systems, Inc. (“TDS”), entered into the Fourth Amendment (the “Amendment”) to First Amended and Restated Credit Agreement among TDS, Wells Fargo Bank, National Association, as administrative agent, and the other lenders thereto (the “Credit Agreement”).”
M&A Transactions
TELEPHONE & DATA SYSTEMS INC /DE/ completed a disposition involving T-Mobile US, Inc. for approximately $4.3 billion (closed 2025-08-01).
“Buyer. The purchase price received by Array at the Closing pursuant to the Purchase Agreement, after giving effect to adjustments pursuant thereto at Closing, was approximately $4.3 billion in the aggregate (the “Adjusted Purchase Price”), with approximately $2.6 billion of the Adjusted Purchase Price being paid in cash and approximately $1.7 billion of the Adjusted”
Kenneth Dixon was elected as member of the board of directors at TELEPHONE & DATA SYSTEMS INC /DE/.
“the TDS Board elected Kenneth Dixon as a member of the TDS Board effective June 9, 2025.”
Kenneth Dixon was appointed as President and Chief Executive Officer at TELEPHONE & DATA SYSTEMS INC /DE/.
“Mr. Butman will be succeeded in his role as President and Chief Executive Officer of TDS Telecom by Kenneth Dixon.”
James W. Butman departed as member of the board of directors at TELEPHONE & DATA SYSTEMS INC /DE/.
“he will also resign as a member of the board of directors of TDS (the TDS Board) effective June 9, 2025”
Governance Changes
TELEPHONE & DATA SYSTEMS INC /DE/: Amended Bylaws to define Vice Chair officer role, succession to President, and lead independent director chairing authority (effective 2025-03-13).
“On March 13, 2025, the Board of Directors of TDS adopted amendments (the “Amendments”) to the Bylaws of TDS, as amended and restated as of January 24, 2025, which became effective immediately.”
Governance Changes
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).
“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.”
LeRoy T. Carlson, Jr. changed role as Vice Chair at TELEPHONE & DATA SYSTEMS INC /DE/.
“LeRoy T. Carlson, Jr. will assume a newly created Vice Chair position.”
Walter C. D. Carlson was appointed as President and Chief Executive Officer at TELEPHONE & DATA SYSTEMS INC /DE/.
“appointed Walter C. D. Carlson as President and Chief Executive Officer of TDS effective February 1, 2025.”
Governance Changes
TELEPHONE & DATA SYSTEMS INC /DE/: Amended and restated bylaws to align with Delaware law and revise advance notice provisions for stockholder nominations and proposals (effective 2024-12-13).
“Among other things, the Amended and Restated Bylaws: (1) align the Company’s bylaws with developments in Delaware law and current practice and (2) revise the advance notice provisions regarding procedural and disclosure requirements for stockholders’ director nominations and proposals for other business.”
Napoleon B. Rutledge, Jr. was elected as Director at TELEPHONE & DATA SYSTEMS INC /DE/.
“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.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported first quarter of 2024 results: revenue total operating revenues of $1,262 million, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $12 million, EPS $0.10. Guidance reaffirmed.
“TDS reports first quarter 2024 results 2024 guidance reaffirmed CHICAGO (May 3, 2024) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,262 million for the first quarter of 2024, versus $1,303 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $12 million and $0.10, respectively, for the first quarter of 2024 compared to $(9) million and $(0.08), respectively, in the same period one year ago.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported full year ended December 31, 2023 results: revenue $5,160 million, net income $(569) million, EPS $(5.06).
“TDS reported total operating revenues of $5,160 million and $5,413 million for the years ended 2023 and 2022, respectively. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(569) million and $(5.06), respectively, for the year ended 2023 compared to $(7) million and $(0.07), respectively, for the year ended 2022.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ updated its full-year 2023 guidance (raised).
“Due to better-than-expected fiber service address delivery results, TDS Telecom is raising its 2023 fiber service address delivery goal to 200,000.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported third quarter 2023 results: revenue $1,278 million, net income $(17) million, EPS $(0.16).
“Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,278 million for the third quarter of 2023, versus $1,392 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(17) million and $(0.16), respectively, for the third quarter of 2023 compared to $(25) million and $(0.22), respectively, in the same period one year ago.”
Governance Changes
TELEPHONE & DATA SYSTEMS INC /DE/: Amendment to Article VIII of the bylaws to provide for mandatory advancement of actual and reasonable expenses incurred by current and former directors and officers in the event of an indemnifiable event (effective 2023-10-13).
“On October 13, 2023, the Board of Directors of Telephone and Data Systems, Inc. (TDS) approved and adopted an amendment to the Amended and Restated Bylaws of TDS (the Bylaws), which became effective on such date. Article VIII of the Bylaws relating to indemnification and advancement of expenses was amended to, among other things, provide for the mandatory advancement of actual and reasonable expenses incurred by current and former directors and officers of TDS in the event of an indemnifiable event.”
Debt Financings
TELEPHONE & DATA SYSTEMS INC /DE/ incurred term loan of $300 million with Wells Fargo Bank, National Association as Administrative Agent at secured overnight financing rate (SOFR) or at an alternative base rate, plus, in maturing the earlier of (i) September 28, 2026 and (ii) the date that is 91 days prior to the scheduled maturity date of TDS’ existing revolving credit agreement (which.
“On September 28, 2023 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $300 million Senior Secured Credit Agreement (Credit Agreement) among TDS as Borrower, the lenders from time to time party thereto, Wells Fargo Bank, National Association as Administrative Agent, and Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners.”
Material Agreements
TELEPHONE & DATA SYSTEMS INC /DE/ entered into Senior Secured Credit Agreement with Wells Fargo Bank, National Association, Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC valued at $300 million secured term loan credit facility (effective 2023-09-28).
“On September 28, 2023 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $300 million Senior Secured Credit Agreement (Credit Agreement) among TDS as Borrower, the lenders from time to time party thereto, Wells Fargo Bank, National Association as Administrative Agent, and Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners.”
Vicki L. Villacrez was appointed as Director at TELEPHONE & DATA SYSTEMS INC /DE/.
“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.”
Laurent C. Therivel resigned as Director at TELEPHONE & DATA SYSTEMS INC /DE/.
“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.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ updated its full-year 2023 guidance (raised).
“2023 Estimated Results UScellular Previous Current (Dollars in millions) Service revenues $3,050-$3,150 $3,025-$3,075 Adjusted OIBDA 1 $725-$875 $750-$850 Adjusted EBITDA 1 $875-$1,025 $925-$1,025 Capital expenditures $600-$700 Unchanged TDS Telecom Previous Current (Dollars in millions) Total operating revenues $1,030-$1,060 Unchanged Adjusted OIBDA 1 $260-$290 $270-$300 Adjusted EBITDA 1 $260-$290 $270-$300 Capital expenditures $500-$550 $475-$525”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported second quarter of 2023 results: revenue $1,267 million, net income $(19) million, EPS $(0.17).
“TDS reports second quarter 2023 results CHICAGO (August 4, 2023) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,267 million for the second quarter of 2023, versus $1,349 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(19) million and $(0.17), respectively, for the second quarter of 2023 compared to $18 million and $0.15, respectively, in the same period one year ago.”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders rejected Shareholder proposal to recapitalize TDS' outstanding stock to have an equal vote per share at the 2023-05-18 meeting.
“Shareholder Proposal to recapitalize TDS' outstanding stock to have an equal vote per share. The proposal received the following votes and was defeated : For Against Abstain Broker Non-vote 40,774,360 82,218,521 180,231 2,626,775”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Advisory vote on the frequency of Say-on-Pay votes at the 2023-05-18 meeting.
“Advisory vote on the frequency of Say-on-Pay votes. The proposal received the following votes, with the following choice receiving a plurality of the votes: every " 1 year ": 1 Year 2 Years 3 Years Abstain Broker Non-vote 119,306,362 15,664 3,822,314 28,770 2,626,775”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Advisory approval of the compensation of named executive officers as disclosed in the Proxy Statement dated April 5, 2023 (Say-on-Pay) at the 2023-05-18 meeting.
“Proposal to approve, on an advisory basis, the compensation of our named executive officers as disclosed in TDS' Proxy Statement dated April 5, 2023 (commonly known as "Say-on-Pay"). The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 115,575,482 7,482,880 114,749 2,626,775”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Approve the TDS Compensation Plan for Non-Employee Directors, including approval of 500,000 TDS Common Shares for issuance under the plan at the 2023-05-18 meeting.
“Proposal to approve the TDS Compensation Plan for Non-Employee Directors, which includes approval of 500,000 TDS Common Shares for issuance under the plan. The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 119,251,975 3,871,185 49,951 2,626,775”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Ratify the selection of PricewaterhouseCoopers LLP as Independent Registered Public Accountants for the year ending December 31, 2023 at the 2023-05-18 meeting.
“Proposal to ratify the selection of PricewaterhouseCoopers LLP as our Independent Registered Public Accountants for the year ending December 31, 2023. The proposal received the following votes and was approved : For Against Abstain Broker Non-vote 124,512,216 1,237,876 49,795 —”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Election of Directors by the holders of Common Shares at the 2023-05-18 meeting.
“For the election of four Directors of TDS by the holders of Common Shares: Nominee For Withhold Broker Non-vote Clarence A. Davis 87,275,473 4,198,568 4,886,073 George W. Off 47,062,989 44,411,052 4,886,073 Wade Oosterman 83,793,740 7,680,302 4,886,073 Dirk S. Woessner 84,909,898 6,564,144 4,886,073”
Shareholder Votes
TELEPHONE & DATA SYSTEMS INC /DE/ shareholders approved Election of Directors by the holders of Series A Common Shares at the 2023-05-18 meeting.
“For the election of eight Directors of TDS by the holders of Series A Common Shares: Nominee For Withhold Broker Non-vote James W. Butman 74,014,596 — 980 LeRoy T. Carlson, Jr. 74,014,596 — 980 Letitia G. Carlson, M.D. 74,014,596 — 980 Prudence E. Carlson 74,014,596 — 980 Walter C. D. Carlson 74,014,596 — 980 Kimberly D. Dixon 74,014,596 — 980 Christopher D. O'Leary 74,014,596 — 980 Laurent C. Therivel 74,014,596 — 980”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported the first quarter of 2023 results: revenue $1,303 million, net income $(9) million, EPS $(0.08). Guidance reaffirmed.
“TDS reports first quarter 2023 results 2023 guidance reaffirmed CHICAGO (May 4, 2023) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,303 million for the first quarter of 2023, versus $1,315 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(9) million and $(0.08), respectively, for the first quarter of 2023 compared to $44 million and $0.37, respectively, in the same period one year ago.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ updated its full year 2023 guidance (initiated).
“TDS’ current estimates of full-year 2023 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of February 16, 2023 and should not be assumed to be current as of any future date.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported full year 2022 results: revenue total operating revenues of $5,413 million and $5,329 million for the years ended 2022 and 2021, respectively, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(7) millio, EPS $(0.07).
“TDS reported total operating revenues of $5,413 million and $5,329 million for the years ended 2022 and 2021, respectively. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(7) million and $(0.07), respectively, for the year ended 2022 compared to $117 million and $1.00, respectively, for the year ended 2021.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ reported fourth quarter and full year 2022 results: revenue total operating revenues of $1,357 million for the fourth quarter of 2022, versus $1,372 million for the same period one, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(43) milli, EPS $(0.38).
“TDS reports fourth quarter and full year 2022 results Investing in our networks; Provides 2023 guidance CHICAGO (February 16, 2023) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,357 million for the fourth quarter of 2022, versus $1,372 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(43) million and $(0.38), respectively, for the fourth quarter of 2022 compared to $14 million and $0.11, respectively, in the same period one year ago.”
Debt Financings
TELEPHONE & DATA SYSTEMS INC /DE/ incurred term loan of $150 million with Export Development Canada at secured overnight financing rate (SOFR) or at an alternative base rate, plus, in maturing five year anniversary of the first borrowing.
“On November 9, 2022 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $150 million Credit Agreement (Credit Agreement) by and between TDS as Borrower and Export Development Canada as Lender.”
Material Agreements
TELEPHONE & DATA SYSTEMS INC /DE/ entered into Credit Agreement with Export Development Canada valued at $150 million (effective 2022-11-09).
“On November 9, 2022 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $150 million Credit Agreement (Credit Agreement) by and between TDS as Borrower and Export Development Canada as Lender.”
Earnings Releases
TELEPHONE & DATA SYSTEMS INC /DE/ updated its full-year 2022 guidance (lowered).
“TDS’ current estimates of full-year 2022 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of November 3, 2022 and should not be assumed to be current as of any future date.”
Gary L. Sugarman resigned as Director at TELEPHONE & DATA SYSTEMS INC /DE/.
“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.”
Vicki L. Villacrez was appointed as Executive Vice President and Chief Financial Officer at TELEPHONE & DATA SYSTEMS INC /DE/.
“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 departed as Executive Vice President and Chief Financial Officer at TELEPHONE & DATA SYSTEMS INC /DE/.
“Peter L. Sereda will retire as Executive Vice President and Chief Financial Officer, effective in May 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.