Every 8-K that Array Digital Infrastructure, Inc. (AD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AD filings page.
Array Digital Infrastructure, Inc. reported sharply higher second-quarter 2026 results from its tower-focused business. Total operating revenues from continuing operations were $54.1 million, up from $28.5 million a year earlier, driven by site rental revenue that grew 95% year over year. Net income attributable to shareholders from continuing operations was $333.8 million, with diluted EPS of $3.86, and results reflected gains on spectrum license sales.
During the quarter Array closed spectrum sales generating proceeds of $74.8 million, $86.4 million, and $1 billion, and paid a special dividend of $11 per common share. Cash and equivalents rose to about $416.4 million at June 30, 2026, while the company owned 4,456 towers with a tenancy rate of 0.98.
Management updated 2026 guidance to total operating revenues of $205–$215 million and Adjusted EBITDA of $220–$235 million, with Adjusted OIBDA of $60–$75 million. Array stopped recognizing revenue from DISH Wireless after a lease dispute and DISH’s bankruptcy filing. Telephone and Data Systems delivered a non-binding proposal to acquire Array common shares it does not own, and a special board committee is evaluating it.
Array Digital Infrastructure, Inc. completed the previously announced sale of select spectrum assets to Verizon for $1.0 billion in cash. The company also recently closed additional spectrum sales to T-Mobile totaling $168 million.
After these transactions and considering current cash on hand, the Board declared a special cash dividend of $11.00 per Common Share and Series A Common Share, payable on June 25, 2026 to shareholders of record on June 11, 2026. Array states it does not currently anticipate paying additional dividends during 2026 and notes that this dividend is unrelated to the special committee’s ongoing review of a non-binding acquisition proposal from Telephone and Data Systems, Inc.
Array Digital Infrastructure, Inc. held its annual meeting on May 19, 2026, where shareholders elected all nominated directors and approved each proposal on the ballot.
Common shareholders elected three directors, with support of up to 43,001,050 votes. The Series A holder elected six directors with 330,058,770 votes for each nominee. Shareholders ratified PricewaterhouseCoopers LLP as independent auditors with 379,781,140 votes for. They also approved amendments to the Restated Certificate of Incorporation to allow for exculpation of officers and endorsed, on an advisory basis, executive compensation, with 379,368,963 votes for the Say-on-Pay resolution.
Array Digital Infrastructure, Inc. reported very strong first quarter 2026 results driven by major spectrum monetization while reaffirming its full‑year outlook. Total operating revenues from continuing operations were $52.0 million, up from $27.0 million a year earlier, as site rental revenues rose 92% to $51.0 million.
Net income attributable to shareholders from continuing operations jumped to $179.8 million, or $2.08 diluted earnings per share, compared with $4.7 million and $0.05 a year ago, largely reflecting a $156.6 million gain on the $1,018.0 million sale of certain 3.45 GHz and 700 MHz spectrum licenses closed on January 13, 2026.
Array reaffirmed its 2026 guidance, including total operating revenues of $200–$215 million, Adjusted EBITDA of $200–$215 million, Adjusted OIBDA of $50–$65 million, and capital expenditures of $25–$35 million. The company continued to execute additional spectrum transactions, closing a $74.8 million 700 MHz spectrum sale on May 5, 2026, and highlighted a pending $1,000.0 million spectrum sale to Verizon expected to close in Q2/Q3 2026. Telephone and Data Systems, Inc., which owned about 81.9% of Array as of March 31, 2026, submitted a non‑binding proposal to acquire the remaining Array common shares, and a special committee of independent directors is evaluating this proposal.
Array Digital Infrastructure, Inc. reported that its board has received a non-binding proposal from Telephone and Data Systems, Inc. (TDS) to acquire all common shares it does not already own. TDS currently holds a controlling economic and voting stake in the company.
The board formed a special committee of three independent, disinterested directors to analyze, evaluate and negotiate or reject the proposal. The committee has hired PJT Partners as financial advisor and Cravath, Swaine & Moore LLP as legal counsel. The proposal is only an indication of interest, subject to special committee recommendation and approval by a majority of disinterested stockholder votes, and there is no assurance any transaction will occur. Shareholders are told they do not need to take action at this time.
Array Digital Infrastructure, Inc. adopted a new 2026 Annual Incentive Plan effective January 1, 2026 for its named executive officers and all associates. As of March 22, 2026, the plan was approved by the company’s Chair and its President and CEO, although the Chair does not participate.
The plan bases officer bonuses 80% on company performance and 20% on individual performance. Company performance is measured using three financial metrics: Adjusted Revenue (40% weighting), Adjusted OIBDA (40%), and New Cash Site Rental Revenue (20%). Officers generally must remain employed through the bonus payout date, with pro-rated eligibility for retirement or death and potential discretionary payouts in other cases.
Array Digital Infrastructure, Inc. reported a major turnaround in 2025 as it shifted to a standalone tower business and detailed 2026 guidance. Total operating revenues from continuing operations rose to $163.0 million from $102.9 million, driven mainly by a 51% increase in site rental revenues. Net income attributable to shareholders from continuing operations swung to a $169.7 million profit, or diluted earnings per share of $1.94, compared with a $(1.00) loss per share in 2024.
The company closed the sale of wireless operations and select spectrum assets to T-Mobile in August 2025 and paid a $23 per share special dividend, then sold 3.45GHz and 700MHz spectrum licenses to AT&T, supporting a further $10.25 special dividend in February 2026. Additional spectrum deals with T-Mobile are expected to generate $178 million in aggregate proceeds, and a separate sale of spectrum licenses to Verizon is expected to close in the second or third quarter of 2026. For 2026, Array guides to total operating revenues of $200–$215 million, Adjusted EBITDA of $200–$215 million, Adjusted OIBDA of $50–$65 million, and capital expenditures of $25–$35 million, reflecting confidence in tower growth and spectrum monetization.
Array Digital Infrastructure, Inc., formerly United States Cellular Corporation, completed the previously announced sale of select wireless spectrum assets to AT&T for a cash purchase price of $1.018 billion. The transaction closed on January 13, 2026 under a License Purchase Agreement originally signed on November 6, 2024, and included $232 million of value allocated to certain 700 MHz Designated Entity Spectrum Licenses, with no portion of the purchase price deferred.
On the same day, Array’s Board of Directors declared a special cash dividend of $10.25 per share for holders of its Common Stock and Series A Common Stock. Stockholders of record as of January 23, 2026 will receive the dividend, which is scheduled to be paid in cash on February 2, 2026. The company also issued a press release announcing the closing of the sale and related matters.
Array Digital Infrastructure, Inc. entered into a Fifth Amendment to its First Amended and Restated Credit Agreement with Toronto Dominion (Texas) LLC and other lenders, effective December 8, 2025. The amendment reduces Array’s borrowing capacity from $300 million to $100 million, with letter of credit capacity cut from $30 million to $10 million and swing line capacity from $25 million to $10 million, meaning the company has a smaller committed credit facility available.
In return, the maturity date of the facility is extended to the fifth anniversary of the effective date, giving Array more time before the debt comes due. The amendment removes the prior credit spread adjustments that applied to the Term SOFR interest rate and revises how much cash can be netted when calculating the consolidated leverage ratio. It also increases the permitted capacity for additional secured and unsecured debt across Array, its parent Telephone and Data Systems, Inc., and their subsidiaries by an aggregate $300 million, providing more flexibility to incur future debt within the covenant structure.
Array Digital Infrastructure, Inc. (AD) appointed Anthony Carlson as President and Chief Executive Officer, effective November 16, 2025, and elected him to the Board on the same date. He succeeds Douglas W. Chambers, who will serve as Senior Advisor until December 9, 2025.
Carlson previously held leadership roles at Array and TDS Telecommunications, with earlier experience at McKinsey & Company and Samsung Electronics. In connection with the appointment, Array entered into an offer letter outlining compensation: an annual base salary of $400,000, a 2025 target bonus equal to 60% of base salary (pro‑rated for time served in 2025), and eligibility for the long‑term incentive plan with a 2026 target multiple of 140% of base salary, with the 2026 LTIP award anticipated in March. Metrics and award terms are determined annually and may change year‑over‑year.
Array Digital Infrastructure, Inc. furnished an update on its operations by issuing a news release covering results for the period ended September 30, 2025. The release is attached as Exhibit 99.1 and incorporated by reference. The information under Item 2.02 is being “furnished” and not deemed “filed” under the Exchange Act.
The company lists securities on the NYSE, including Common Shares (symbol USM) and senior notes (symbols UZD, UZE, UZF). The filing also reflects the former name United States Cellular Corporation.
Array Digital Infrastructure, Inc. reported the final results of shareholder voting from its October 9, 2025 annual meeting. Common shareholders elected three directors, with each nominee receiving over 44.6 million votes "For" and between about 2.9 million and 4.2 million votes "Withhold," plus 941,241 broker non-votes. The holder of the Series A Common Shares elected six additional directors, each receiving 330,058,770 votes "For".
Shareholders also approved three key proposals. The ratification of PricewaterhouseCoopers LLP as independent registered public accountants for the year ending December 31, 2025 received 379,366,472 votes "For," 439,478 "Against," and 2,820 "Abstain." Amendments to Array’s Restated Certificate of Incorporation to reflect changes in its business following a recently closed transaction with T-Mobile were approved with 378,826,430 votes "For," 36,033 "Against," 5,066 "Abstain," and 941,241 broker non-votes. An advisory "Say-on-Pay" vote approving named executive officer compensation passed with 375,670,144 votes "For," 3,186,631 "Against," 10,754 "Abstain," and 941,241 broker non-votes.