TELEPHONE AND DATA SYSTEMS, INC. (NYSE:TDE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers

to Item 5.02(e) of Form 8-K, Telephone and Data Systems, Inc. (TDS) is filing this Form 8-K to report the amount of bonuses paid to its named executive officers in 2019 with respect to 2018 performance.

Officers are not entitled to any bonus unless and until paid.

In accordance with Instruction 4 of Item 5.02, the below named executive officers include the persons who were identified as named executive officers in TDS’ most recent proxy statement filing with the SEC on April 11, 2018, which will not be identical to the persons who will be identified as named executive officers in the 2019 proxy statement.

The following amounts of bonuses were paid to the below named executive officers beginning on March 7, 2019 relating to 2018 performance:

The above shows the entire amount of the bonus paid, whether or not some or all of such bonus has been deferred and whether or not some portion of such amount will be reported as non-equity incentive plan compensation in the 2019 proxy statement.

TDS established guidelines and procedures for awarding bonuses to the President and CEO, LeRoy T. Carlson, Jr. These guidelines and procedures were filed by TDS as Exhibit 10.1 to TDS’ Form 8-K dated November 18, 2009. United States Cellular Corporation (U.S. Cellular) established guidelines and procedures for awarding bonuses to the President and CEO, Kenneth R. Meyers. These guidelines and procedures were filed by U.S. Cellular as Exhibit 10.2 to U.S. Cellular’s Form 8-K dated August 19, 2014.

TDS established the 2018 Officer Bonus Program for awarding bonuses to certain officers, which includes Scott H. Williamson. This bonus program does not cover LeRoy T. Carlson, Jr. or Kenneth R. Meyers. This program was filed with the SEC as Exhibit 10.1 to TDS’ Form 8-K dated March 23, 2018. With respect to Mr. Williamson, the bonus payments reflect TDS’ company performance in 2018 of 130.4%, and individual performance and other factors, as set forth in this program.

Douglas D. Shuma retired from TDS on May 18, 2018 and, accordingly, was not paid a bonus in 2019. David A. Wittwer retired from TDS Telecom at the end of 2017 and, accordingly, was not paid a bonus in 2019.