Telephone and Data Systems Inc. filed SEC Form 8-K: Leadership Update
$TDS
Telecommunications Equipment
Telecommunications
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2025
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers
On June 4, 2025, Telephone and Data Systems, Inc. (TDS) announced that James W. Butman, will step down as President and Chief Executive Officer of TDS Telecommunications LLC (TDS Telecom), a wholly owned subsidiary of TDS, effective as of June 9, 2025, but will remain with TDS Telecom as a Senior Advisor through July 1, 2025.
In connection with Mr. Butman’s retirement, he will also resign as a member of the board of directors of TDS (the TDS Board) effective June 9, 2025. Mr. Butman’s resignation from the TDS Board is not a result of any dispute or disagreement with TDS or the TDS Board on any matter relating to TDS’ operations, policies or practices.
Mr. Butman will be succeeded in his role as President and Chief Executive Officer of TDS Telecom by Kenneth Dixon. Mr. Dixon is a 33-year veteran of the telecommunications industry, having worked for Verizon from 1992-2019 and, more recently, as CEO of Tillman FiberCo.
In addition, the TDS Board elected Kenneth Dixon as a member of the TDS Board effective June 9, 2025. There are no arrangements or understandings between Mr. Dixon and any other person pursuant to which he was selected as a director. Mr. Dixon does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
| TELEPHONE AND DATA SYSTEMS, INC. | |||||||||||
| Date: | June 4, 2025 | By: | /s/ Vicki L. Villacrez | ||||||||
| Vicki L. Villacrez | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||