UScellular postpones 2025 Annual Meeting of Shareholders

Rhea-AI Summary

UScellular (NYSE: USM) has announced the postponement of its 2025 Annual Meeting of Shareholders, which was originally scheduled for May 20, 2025. The delay is attributed to the timing of the company's pending transaction with T-Mobile US, expected to close in mid-2025, subject to regulatory approval and customary closing conditions.

As a result of this postponement, UScellular will file a Form 10-K/A to amend its Annual Report on Form 10-K for the year ended December 31, 2024. This amendment will include certain items that would have typically been incorporated by reference from the Proxy Statement. The new meeting date has not yet been determined, with the company promising to provide updates when available.

Positive

• Pending strategic transaction with T-Mobile US progressing towards mid-2025 closure

Negative

• Delay in annual shareholder meeting indicates potential complications in corporate governance timeline
• Additional regulatory filing requirements (Form 10-K/A) due to meeting postponement

News Market Reaction

+5.32%

1 alert

+5.32% News Effect

On the day this news was published, USM gained 5.32%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, April 9, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) announces that  its 2025 Annual Meeting of Shareholders, previously scheduled for May 20, 2025, will be postponed.

As a result of the delay, UScellular will be filing a Form 10-K/A to amend its Annual Report on Form 10-K for the year ended December 31, 2024, to include certain items that otherwise would have been incorporated by reference from the Proxy Statement.

The delay is related to the timing of its previously announced transaction with T-Mobile US, Inc. that is expected to close in mid-2025, subject to regulatory approval and the satisfaction of customary closing conditions.

The new date and time of the Meeting are not yet determined.  The Company will provide updated information as soon as it becomes available.

About UScellular
United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states. The Chicago-based company had 4,100 full- and part-time associates as of December 31, 2024. At the end of the fourth quarter of 2024, TDS owned approximately 83% of UScellular. For more information about UScellular, visit uscellular.com.

View original content:https://www.prnewswire.com/news-releases/uscellular-postpones-2025-annual-meeting-of-shareholders-302424150.html

SOURCE United States Cellular Corporation

FAQ

Why did UScellular (USM) postpone its 2025 Annual Meeting of Shareholders?

UScellular postponed the meeting due to timing considerations related to its pending transaction with T-Mobile US, which is expected to close in mid-2025.

What regulatory filings will USM need to amend due to the meeting postponement?

USM will file a Form 10-K/A to amend its 2024 Annual Report to include items typically referenced from the Proxy Statement.

When was UScellular's 2025 Annual Meeting originally scheduled?

The Annual Meeting was originally scheduled for May 20, 2025.

When will the T-Mobile US and UScellular (USM) transaction close?

The transaction is expected to close in mid-2025, subject to regulatory approval and customary closing conditions.