UNITED STATES CELLULAR CORPORATION (NYSE:USM) 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 of Certain Officers.
This Current Report on Form 8-K is being filed by United States
Cellular Corporation (U.S. Cellular) to file as Exhibits updated
forms of agreements to paragraph (e) of Item 5.02 of Form 8-K.
The following forms of award agreement were approved and became
effective for use with respect to U.S. Cellulars President and
CEO, Kenneth R. Meyers, under the United States Cellular
Corporation 2013 Long-Term Incentive Plan (the 2013 Long-Term
Incentive Plan) on and after April 3, 2017.
- Form of 2013 Long-Term Incentive Plan 2017 Performance Award
Agreement for U.S. Cellulars President and CEO:
This form provides for the grant of performance awards with
respect to U.S. Cellular Common Shares to the President and CEO.
This form and the terms of the performance award agreement are
generally the same as those applicable to all other executive
officers, as set forth in U.S. Cellulars Current Report on Form
8-K dated March 13, 2017 and incorporated herein by reference.
However, the performance award agreement for the President and
CEO set forth in Exhibit 10.1 attached hereto includes certain
differences from the form of performance award agreement
applicable to other executive officers and, accordingly, is being
filed separately herewith. Such differences relate to the terms
of an employment letter agreement dated July 25, 2013 between
U.S. Cellular and Mr. Meyers, as reflected in Exhibit 10.1.
The foregoing description is qualified by reference to the form
of the award agreement, which is filed herewith as Exhibit 10.1
and incorporated by reference herein.
- Form of 2013 Long-Term Incentive Plan 2017 Restricted Stock
Unit Award Agreement for U.S. Cellulars President and CEO:
This form provides for the grant of restricted stock units with
respect to U.S. Cellular Common Shares to the President and CEO.
This form and the terms of the restricted stock unit award
agreement are generally the same as those applicable to all other
executive officers, as set forth in U.S. Cellulars Current Report
on Form 8-K dated March 13, 2017. However, the restricted stock
unit award agreement for the President and CEO set forth in
Exhibit 10.2 attached hereto includes certain differences from
the form of restricted stock unit award agreement applicable to
other executive officers and, accordingly, is being filed
separately herewith. Such differences relate to the terms of an
employment letter agreement dated July 25, 2013 between U.S.
Cellular and Mr. Meyers, as reflected in Exhibit 10.2.
The foregoing description is qualified by reference to the form
of the award agreement, which is filed herewith as Exhibit 10.2
and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
In accordance with the provisions of Item 601 of Regulation S-K,
any Exhibits filed herewith are set forth on the Exhibit Index
attached hereto.
About UNITED STATES CELLULAR CORPORATION (NYSE:USM)
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in vertical industries, such as construction, retail, professional services and real estate. The Company offers a range of wireless devices, such as handsets, modems, mobile hotspots, home phones and tablets for use by its customers. U.S. Cellular offers wireless devices that are compatible with fourth generation long term evolution (4G LTE) and third generation (3G) networks. U.S. Cellular offers a range of accessories, such as carrying cases, hands-free devices, batteries, battery chargers, and memory cards to related consumer electronics, such as headphones, speakers and Bluetooth keyboards. UNITED STATES CELLULAR CORPORATION (NYSE:USM) Recent Trading Information
UNITED STATES CELLULAR CORPORATION (NYSE:USM) closed its last trading session up +0.10 at 37.56 with 108,775 shares trading hands.
