TDS - Telephone and Data Systems Inc.
05/23/2024 | Press release | Distributed by Public on 05/23/2024 14:39
Submission of Matters to a Vote of Security Holders - Form 8-K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At the Annual Meeting of Shareholders of Telephone and Data Systems, Inc. (TDS) held on May 22, 2024, based on the below voting results, the shareholders of TDS approved an amendment (the Amendment) to the Telephone and Data Systems, Inc. 2022 Long-Term Incentive Plan (the 2022 Incentive Plan).
The Amendment increases the number of Common Shares reserved for issuance under the 2022 Incentive Plan by 7 million Common Shares to 12 million Common Shares. The Amendment does not modify the 2022 Incentive Plan except to increase the Common Shares reserved for issuance.
Other terms of the 2022 Incentive Plan, including material terms of performance goals under such plan, are set forth under Proposal 3 of the TDS definitive proxy statement dated April 19, 2024, as filed with the SEC on Schedule 14A on April 19, 2024, which are incorporated by reference herein.
The foregoing description is qualified in its entirety by reference to the 2022 Incentive Plan and the Amendment to the 2022 Incentive Plan, which are included as Exhibit 10.1 to this Form 8-K and incorporated by reference into this Item 5.02.