Telephone and Data Systems (TDS) Proxy filing summary

Executive summary

• Annual meeting scheduled for May 21, 2026, at 9:00 a.m. Central Time in Chicago, Illinois.

• Shareholders can vote online, by mail, or in person with a legal proxy.

• Proxy materials and annual report are available online, with options for electronic or paper delivery upon request.

Voting matters and shareholder proposals

• Election of directors, with the board recommending a vote for all nominees.

• Ratification of accountants for 2026, recommended by the board.

• Approval of an amendment to the Restated Certificate of Incorporation for officer exculpation.

• Advisory vote to approve executive compensation (say-on-pay).

• Board retains discretion to vote on other matters that may arise at the meeting.

Board of directors and corporate governance

• Multiple director nominees listed, including L. T. Carlson, Jr., L. G. Carlson, P. E. Carlson, W. C. D. Carlson, K. S. Dixon, G. W. Off, N. B. Rutledge, Jr., and V. L. Villacrez.

• Additional nominees include K. D. Dixon, C. D. O'Leary, W. Oosterman, and D. S. Woessner.