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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. 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. director John M. Toomey has filed an initial statement of beneficial ownership. The Form 3 shows his direct holdings of Common Shares as zero immediately after the reported event date, and it does not report any specific purchase, sale, or option exercise activity.
ARRAY DIGITAL INFRASTRUCTURE, INC. director John M. Toomey has filed an initial statement of beneficial ownership. The Form 3 shows his direct holdings of Common Shares as zero immediately after the reported event date, and it does not report any specific purchase, sale, or option exercise activity.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Harry J. Harczak Jr. reported receiving a grant of 1,873 Common Shares on May 19, 2026. The shares were awarded at a value of $50.91 per share under a compensation plan for non-employee directors.
Following this award, Harczak directly holds 21,247 Common Shares. The filing reflects a compensation-related share acquisition rather than an open-market purchase or sale, and there are no derivative securities reported as part of this transaction.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Harry J. Harczak Jr. reported receiving a grant of 1,873 Common Shares on May 19, 2026. The shares were awarded at a value of $50.91 per share under a compensation plan for non-employee directors.
Following this award, Harczak directly holds 21,247 Common Shares. The filing reflects a compensation-related share acquisition rather than an open-market purchase or sale, and there are no derivative securities reported as part of this transaction.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Esteban C. Iriarte acquired 1,873 Common Shares on May 19, 2026 as a grant under a compensation plan for non-employee directors. The shares are valued at $50.91 per share for reporting purposes, bringing his direct holdings to 11,426 Common Shares.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Esteban C. Iriarte acquired 1,873 Common Shares on May 19, 2026 as a grant under a compensation plan for non-employee directors. The shares are valued at $50.91 per share for reporting purposes, bringing his direct holdings to 11,426 Common Shares.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Williams Xavier reported receiving a grant of 1,873 Common Shares on 2026-05-19 at a reported price of $50.9100 per share. The transaction is coded as a grant, award, or other acquisition.
After this equity award, Xavier directly holds 8,735 Common Shares. A footnote explains that the shares were acquired pursuant to a compensation plan for non-employee directors, indicating this is part of the company’s standard director compensation program rather than an open-market purchase.
ARRAY DIGITAL INFRASTRUCTURE, INC. director Williams Xavier reported receiving a grant of 1,873 Common Shares on 2026-05-19 at a reported price of $50.9100 per share. The transaction is coded as a grant, award, or other acquisition.
After this equity award, Xavier directly holds 8,735 Common Shares. A footnote explains that the shares were acquired pursuant to a compensation plan for non-employee directors, indicating this is part of the company’s standard director compensation program rather than an open-market purchase.
Array Digital Infrastructure, Inc. reports that Bank of America Corporation beneficially owns 3,064,796 shares of Common Stock, representing 5.7% of the class.
The filing states the ownership figures rely on 53,437,000 outstanding shares as of March 31, 2026 (per the issuer's Form 10-Q). Bank of America reports shared voting power of 3,063,421 and shared dispositive power of 3,064,796, filed on behalf of several wholly owned subsidiaries.
Array Digital Infrastructure, Inc. reports that Bank of America Corporation beneficially owns 3,064,796 shares of Common Stock, representing 5.7% of the class.
The filing states the ownership figures rely on 53,437,000 outstanding shares as of March 31, 2026 (per the issuer's Form 10-Q). Bank of America reports shared voting power of 3,063,421 and shared dispositive power of 3,064,796, filed on behalf of several wholly owned subsidiaries.
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 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.
Telephone and Data Systems, Inc. (TDS) has filed an amended Schedule 13D on Array Digital Infrastructure, Inc., disclosing a non-binding proposal to acquire all Array Common Shares it does not already own. TDS currently beneficially owns 37,782,826 Array Common Shares, or approximately 70.7% of that class.
TDS also holds 33,005,877 Array Series A Common Shares, which carry ten votes per share and are convertible one-for-one into Common Shares. Together these positions represent about 81.9% of Array’s outstanding capital stock and approximately 95.9% of the combined voting power, giving TDS the ability to elect all Array directors.
The proposal is subject to discussions with Array’s board and any special committee, and TDS states there is no assurance that any transaction will be completed, or what its final terms or timing might be. A longstanding Voting Trust controls a majority of TDS’s own voting power, indirectly influencing Array through TDS’s stake.
Telephone and Data Systems, Inc. (TDS) has filed an amended Schedule 13D on Array Digital Infrastructure, Inc., disclosing a non-binding proposal to acquire all Array Common Shares it does not already own. TDS currently beneficially owns 37,782,826 Array Common Shares, or approximately 70.7% of that class.
TDS also holds 33,005,877 Array Series A Common Shares, which carry ten votes per share and are convertible one-for-one into Common Shares. Together these positions represent about 81.9% of Array’s outstanding capital stock and approximately 95.9% of the combined voting power, giving TDS the ability to elect all Array directors.
The proposal is subject to discussions with Array’s board and any special committee, and TDS states there is no assurance that any transaction will be completed, or what its final terms or timing might be. A longstanding Voting Trust controls a majority of TDS’s own voting power, indirectly influencing Array through TDS’s stake.
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. 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.