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 OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
to Item 5.02(e) of Form 8-K, United States Cellular Corporation (U.S. Cellular) is filing this Form 8-K to report retention agreements that were entered into with certain “named executive officers”, as follows.
Effective May 1, 2018, U.S. Cellular entered into a retention agreement (Retention Agreement) with each of (i) Steven T. Campbell, Executive Vice President – Finance, Chief Financial Officer and Treasurer, and (ii) Jay M. Ellison, Executive Vice President and Chief Operating Officer. to the Retention Agreement, each executive will be eligible to receive, among other things, a consulting fee of $270,000 per year for three years, subject to the conditions as set forth in the Retention Agreement, including the Confidentiality, Non-Solicitation and Non-Competition Agreement attached thereto.
The foregoing brief description is qualified by reference to the form of Retention Agreement attached hereto as Exhibit 10.1, which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
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Exhibit Number |
Description of Exhibit |
|
10.1 |
Form of Retention Agreement |
