Telephone and Data Systems, Inc Receives a Shareholder Proposal from Kenneth Steiner
April 19, 2024 at 02:02 pm
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On April 19, 2024, Telephone and Data Systems, Inc announced that it has received a shareholder proposal from Kenneth Steiner request that the Board to take steps to ensure that all of the Company's outstanding stock has an equal one-vote per share in each voting situation. This would encompass all practicable steps including encouragement and negotiation with current and future shareholders, who have more than one vote per share, to request that they relinquish, for the common good of all shareholders, any preexisting rights, if necessary. In addition, the Company urged the shareholders to vote against the proposal at its annual general meeting of shareholders scheduled to be held on May 22, 2024.
Telephone and Data Systems, Inc. is a diversified telecommunications company. It provides wireless, cable and wireline broadband, video, and voice, and hosted and managed services through its businesses, UScellular, TDS Telecom and OneNeck IT Solutions. Its segments include UScellular and TDS Telecom. TDS segment provides wireless telecommunications services. UScellular segment offers a range of devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and Internet of things devices. UScellular also offers a range of accessories, including wireless essentials such as cases, screen protectors, chargers, memory cards and consumer electronics such as audio, home automation and networking products. TDS Telecom owns, operates and invests in quality networks, services and products in a mix of small to mid-sized urban, suburban and rural communities throughout the United States. TDS Telecom provides a range of broadband, video, and voice communications.
TELEPHONE AND DATA SYSTEMS, INC. 
