US Cellular Appoints New CFO, Discloses Debt Details
Ticker: UZD · Form: 8-K · Filed: Mar 18, 2024 · CIK: 821130
| Field | Detail |
|---|---|
| Company | United States Cellular Corp (UZD) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment, debt-disclosure
TL;DR
US Cellular names new CFO, Murphy takes over finance helm, debt details also out.
AI Summary
United States Cellular Corporation announced on March 14, 2024, the appointment of Michael T. S. Murphy as Senior Vice President and Chief Financial Officer, effective March 18, 2024. Murphy previously served as Senior Vice President, Finance and Strategy, and will report to the Chief Executive Officer. The company also disclosed information regarding its 6.25% Senior Notes due 2069, 5.5% Senior Notes due 2070, and 5.5% Senior Notes due June 2070.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence. The disclosure of senior notes provides insight into the company's debt structure.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the CFO level, can introduce uncertainty, and the disclosure of significant debt instruments warrants attention.
Key Numbers
- 6.25% — Senior Notes Interest Rate (Interest rate on senior notes due 2069)
- 5.5% — Senior Notes Interest Rate (Interest rate on senior notes due 2070 and June 2070)
Key Players & Entities
- United States Cellular Corporation (company) — Registrant
- Michael T. S. Murphy (person) — Appointed Senior Vice President and Chief Financial Officer
- March 14, 2024 (date) — Date of earliest event reported
- March 18, 2024 (date) — Effective date of CFO appointment
- 6.25% Senior Notes due 2069 (dollar_amount) — Debt instrument
- 5.5% Senior Notes due 2070 (dollar_amount) — Debt instrument
- 5.5% Senior Notes due June 2070 (dollar_amount) — Debt instrument
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer?
Michael T. S. Murphy has been appointed as the new Senior Vice President and Chief Financial Officer, effective March 18, 2024.
When is Michael T. S. Murphy's appointment as CFO effective?
The appointment is effective March 18, 2024.
Who will Michael T. S. Murphy report to in his new role?
Michael T. S. Murphy will report to the Chief Executive Officer.
What types of senior notes are mentioned in the filing?
The filing mentions 6.25% Senior Notes due 2069, 5.5% Senior Notes due 2070, and 5.5% Senior Notes due June 2070.
What was Michael T. S. Murphy's previous role at United States Cellular Corporation?
Michael T. S. Murphy previously served as Senior Vice President, Finance and Strategy.
Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-03-18 16:06:35
Key Financial Figures
- $1 — nge on which registered Common Shares, $1 par value USM New York Stock Exchange
Filing Documents
- usm-20240314.htm (8-K) — 46KB
- usm8-k2024aipexhibit101.htm (EX-10.1) — 60KB
- usm-20240314_g1.jpg (GRAPHIC) — 5KB
- usmlogoa.jpg (GRAPHIC) — 9KB
- 0000821130-24-000016.txt ( ) — 315KB
- usm-20240314.xsd (EX-101.SCH) — 4KB
- usm-20240314_def.xml (EX-101.DEF) — 16KB
- usm-20240314_lab.xml (EX-101.LAB) — 30KB
- usm-20240314_pre.xml (EX-101.PRE) — 17KB
- usm-20240314_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Exhibits 10.1 United States Cellular Corporation 202 4 Annual Incentive Plan effective January 1, 202 4 . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED STATES CELLULAR CORPORATION Date: March 18, 2024 By: /s/ Douglas W. Chambers Douglas W. Chambers Executive Vice President, Chief Financial Officer and Treasurer