United States Cellular Corp. Files Definitive Proxy Statement

TL;DR

<b>United States Cellular Corp. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

UNITED STATES CELLULAR CORP (UZD) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for United States Cellular Corp. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located in Chicago, IL. The filing was made on April 9, 2024. No filing fee was required for this submission.

Why It Matters

For investors and stakeholders tracking UNITED STATES CELLULAR CORP, this filing contains several important signals. This filing provides shareholders with essential information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming shareholder meeting. As a DEF 14A filing, it signifies the final version of the proxy materials being distributed to shareholders for their consideration and voting.

Risk Assessment

Risk Level: low — UNITED STATES CELLULAR CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or strategic shifts that would indicate significant risk.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand the company's governance and potential future direction.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting Period)
• 2024-04-09 — Filing Date (Date of Submission)
• DEF 14A — Form Type (Type of Filing)
• 001-09712 — SEC File Number (Associated SEC File Number)

Key Players & Entities

• UNITED STATES CELLULAR CORP (company) — Registrant Name
• 0000821130 (company) — Central Index Key
• 2024-04-09 (date) — Filing Date
• 2023-12-31 (date) — Fiscal Year End
• Chicago, IL (location) — Business Address
• 7733998900 (phone) — Business Phone
• Laurent C. Therivel (person) — Member mentioned in relation to compensation data
• Kenneth R. Meyers (person) — Member mentioned in relation to compensation data

FAQ

Industry Context

United States Cellular Corporation operates in the telecommunications industry, specifically providing wireless voice and data services.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review executive compensation details for key personnel like Laurent C. Therivel.
2. Examine any proposals presented for shareholder vote.
3. Note the company's fiscal year end and filing date for tracking purposes.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating the final proxy statement for the period, following any preliminary filings.

Key Financial Figures

• $1.00 — ing 52,282,979 Common Shares, par value $1.00 per share (excluding 2,785,022 Common S

Filing Documents

• usm-20240404.htm (DEF 14A) — 1396KB
• usm-20240404_g1.jpg (GRAPHIC) — 10KB
• usm-20240404_g10.jpg (GRAPHIC) — 399KB
• usm-20240404_g11.jpg (GRAPHIC) — 324KB
• usm-20240404_g2.gif (GRAPHIC) — 2KB
• usm-20240404_g3.jpg (GRAPHIC) — 5KB
• usm-20240404_g4.jpg (GRAPHIC) — 21KB
• usm-20240404_g5.jpg (GRAPHIC) — 22KB
• usm-20240404_g6.jpg (GRAPHIC) — 74KB
• usm-20240404_g7.jpg (GRAPHIC) — 74KB
• usm-20240404_g8.jpg (GRAPHIC) — 67KB
• usm-20240404_g9.gif (GRAPHIC) — 3KB
• 0000821130-24-000021.txt (&nbsp;) — 4440KB
• usm-20240404.xsd (EX-101.SCH) — 4KB
• usm-20240404_def.xml (EX-101.DEF) — 6KB
• usm-20240404_lab.xml (EX-101.LAB) — 7KB
• usm-20240404_pre.xml (EX-101.PRE) — 4KB
• usm-20240404_htm.xml (XML) — 115KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 68 SHAREHOLDER PROPOSALS FOR 202 5 ANNUAL MEETING 72 OTHER MATTERS 72 SOLICITATION OF PROXIES 73 FINANCIAL AND OTHER INFORMATION 73 OTHER BUSINESS 73 Table of Contents Proxy Statement Summary Annual Meeting Information Date and Time May 21, 2024 at 8:30 a.m. Central Time Place Sidley Austin LLP, One South Dearborn Street, Chicago, Illinois 60603 Record Date March 25, 2024 Webcast investors.uscellular.com/events-and-presentations Governance Highlights Annual election of all directors Directors, officers and certain other employees prohibited from pledging or hedging shares The positions of Chair of the Board of Directors and President/Chief Executive Officer are separate Succession planning sessions held at least annually Annual self-assessment of board and its committees Although not required to do so as a controlled company, established a Long-Term Incentive Compensation Committee, comprised of independent directors Board Effectiveness Active board refreshment in 2023 Orientation program for new Directors Limits on other public board service The following is a summary of the actions being taken at the 2024 Annual Meeting and does not include all the information that may be important to you. You should carefully read this entire Proxy Statement and not rely solely on the following summary. Proposal 1—Election of Directors Under the terms of UScellular's Restated Certificate of Incorporation ("Restated Charter"), the terms of all directors will expire at the 2024 Annual Meeting. The holders of Common Shares are entitled to elect four directors. Your Board of Directors has nominated the following persons for election as directors by the holders of Common Shares: Harry J. Harczak, Jr., Gregory P. Josefowicz, Cecelia D. Stewart and Xavier D. Williams. Telephone and Data Systems, Inc. ("TDS"), as the sole holder of Series A Common Shares, is entitled to elect nine d

View Full Filing

View this DEF 14A filing on SEC EDGAR