Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
This Current Report on Form 8-K is being filed by United States Cellular Corporation (“U.S. Cellular”) to file as Exhibits updated forms of agreements pursuant to paragraph (e) of Item 5.02 of Form 8-K.
The following forms of award agreement were approved and became effective for use with respect to U.S. Cellular’s President and CEO, Kenneth R. Meyers, under the United States Cellular Corporation 2013 Long-Term Incentive Plan (the “2013 Long-Term Incentive Plan”) on and after April 3, 2017.
- Form of 2013 Long-Term Incentive Plan 2017 Performance Award Agreement for U.S. Cellular’s President and CEO:
This form provides for the grant of performance awards with respect to U.S. Cellular Common Shares to the President and CEO. This form and the terms of the performance award agreement are generally the same as those applicable to all other executive officers, as set forth in U.S. Cellular’s Current Report on Form 8-K dated March 13, 2017 and incorporated herein by reference. However, the performance award agreement for the President and CEO set forth in Exhibit 10.1 attached hereto includes certain differences from the form of performance award agreement applicable to other executive officers and, accordingly, is being filed separately herewith. Such differences relate to the terms of an employment letter agreement dated July 25, 2013 between U.S. Cellular and Mr. Meyers, as reflected in Exhibit 10.1.
The foregoing description is qualified by reference to the form of the award agreement, which is filed herewith as Exhibit 10.1 and incorporated by reference herein.
- Form of 2013 Long-Term Incentive Plan 2017 Restricted Stock Unit Award Agreement for U.S. Cellular’s President and CEO:
This form provides for the grant of restricted stock units with respect to U.S. Cellular Common Shares to the President and CEO. This form and the terms of the restricted stock unit award agreement are generally the same as those applicable to all other executive officers, as set forth in U.S. Cellular’s Current Report on Form 8-K dated March 13, 2017. However, the restricted stock unit award agreement for the President and CEO set forth in Exhibit 10.2 attached hereto includes certain differences from the form of restricted stock unit award agreement applicable to other executive officers and, accordingly, is being filed separately herewith. Such differences relate to the terms of an employment letter agreement dated July 25, 2013 between U.S. Cellular and Mr. Meyers, as reflected in Exhibit 10.2.
The foregoing description is qualified by reference to the form of the award agreement, which is filed herewith as Exhibit 10.2 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
In accordance with the provisions of Item 601 of Regulation S-K, any Exhibits filed herewith are set forth on the Exhibit Index attached hereto.
