FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 1998
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TELEPHONE AND DATA SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Iowa 1-8251 36-2669023
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
30 North LaSalle Street, Chicago, Illinois 60602
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 630-1900
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On April 27, 1998, Telephone and Data Systems, Inc. (the "Company" or
"TDS") announced that shareholders approved the Company's Tracking Stock
Proposal as well as two other related proposals.
This Current Report on Form 8-K is being filed for the purpose of
filing the news release issued by the Company relating to such announcement as
an exhibit.
Item 7. Financial Statements and Exhibits
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Exhibits
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The exhibits accompanying this report are listed in the accompanying
Exhibit Index.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
Telephone and Data Systems, Inc.
(Registrant)
Date: April 28, 1998
By: /s/ Gregory J. Wilkinson
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Gregory J. Wilkinson
Vice President and Controller
(principal accounting officer)
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EXHIBIT INDEX
Exhibit Number Description of Exhibit
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99 News Release dated April 27, 1998
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Exhibit 99
Contact: Mark A. Steinkrauss
Vice President, Corporate Relations
(312) 630-1900 email: [email protected]
FOR RELEASE: IMMEDIATE
TDS SHAREHOLDERS APPROVE TRACKING STOCK PROPOSAL
April 27, 1998 - Chicago, Illinois - Telephone and Data Systems, Inc. [AMEX:
TDS] reported today that shareholders approved the company's Tracking Stock
Proposal as well as two other related proposals. The company received the
affirmative vote of at least a majority of the voting power of outstanding
shares of all shareholder groups entitled to vote as a class. The Board of
Directors of TDS had unanimously recommended that shareholders vote for the
tracking stock proposal and the related proposals.
LeRoy T. Carlson, Jr., President and Chief Executive Officer said, "The Tracking
Stock Proposal is intended to result in greater market recognition of the value
of the company and the company's three business groups, thereby enhancing
shareholder value over the long term, while at the same time enabling the
company's businesses to preserve the benefits that a consolidated enterprise can
give. On behalf of the management team, I thank TDS shareholders for their
continued support. We are committed to improving shareholder returns at all four
of our business entities, United States Cellular Corporation, Aerial
Communications, Inc., TDS Telecommunications, and Telephone and Data Systems,
Inc.
Except for historical and factual information contained herein, other
information set forth in this news release may represent forward looking
statements, including all statements about the company's plans, beliefs,
estimates and expectations. These statements are based on current estimates and
projections, which might involve certain risks and uncertainties that could
cause actual results to differ materially from those in the forward looking
statements. Investors are encouraged to consider these risks and uncertainties
which are discussed in documents filed by the company with the Securities and
Exchange Commission. TDS undertakes no obligation to publicly update any
forward-looking statements whether as a result of new information, future events
or otherwise.
TDS is a diversified Chicago-based telecommunications company with established
cellular telephone and local telephone operations and developing Personal
Communications Services ("PCS") operations. TDS strives to build value for its
shareholders by providing excellent communications services in attractive,
closely related segments of the telecommunications industry.
TDS Internet Home Page: http://www.teldta.com
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