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Shareholders of Array Digital Infrastructure, Inc. (NYSE:AD), a company with a market capitalization of $4.26 billion currently trading near its 52-week low of $47.03, approved all proposals presented at the company’s annual meeting held Thursday. The results were disclosed in a press release statement and detailed in a recent SEC filing. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 1.87, indicating solid short-term financial health.
Three directors were elected by holders of common shares: Harry J. Harczak, Jr., Esteban C. Iriarte, and Xavier D. Williams. Harczak received 44,623,644 votes in favor and 4,185,115 withheld. Iriarte received 45,899,110 votes in favor and 2,909,649 withheld. Williams received 45,890,597 votes in favor and 2,918,162 withheld. Each nominee had 941,241 broker non-votes.
Six directors were elected by the holder of Series A common shares: LeRoy T. Carlson, Jr., Walter C. D. Carlson, Douglas W. Chambers, Kenneth S. Dixon, Joseph R. Hanley, and Vicki L. Villacrez. Each received 330,058,770 votes in favor, with no votes withheld or broker non-votes.
Shareholders also ratified the selection of PricewaterhouseCoopers LLP as independent registered public accountants for the fiscal year ending December 31, 2025. The proposal received 379,366,472 votes in favor, 439,478 against, and 2,820 abstentions.
An amendment to Array’s Restated Certificate of Incorporation, reflecting changes related to the company’s recently closed transaction with T-Mobile, was approved with 378,826,430 votes for, 36,033 against, and 5,066 abstentions. There were 941,241 broker non-votes on this proposal.
In addition, the advisory vote to approve executive compensation, known as "Say-on-Pay," passed with 375,670,144 votes in favor, 3,186,631 against, and 10,754 abstentions, along with 941,241 broker non-votes.
Array Digital Infrastructure, formerly United States Cellular Corp, is incorporated in Delaware and is listed on the New York Stock Exchange under the ticker AD. The company also has senior notes listed under the symbols UZD, UZE, and UZF.
All information is based on a press release statement and the company’s SEC filing.
In other recent news, TDS reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $0.36, which surpassed the forecasted $0.30. This represents a 20% positive surprise for the company. Additionally, TDS’s revenue exceeded expectations, reaching $916 million compared to the forecast of $907.63 million. These results highlight a strong performance for the quarter, catching the attention of investors and analysts alike. The positive earnings report comes amidst other developments in the market, although no mergers or acquisitions were reported for TDS during this period. Analysts have yet to provide upgrades or downgrades following the earnings announcement. However, the company’s ability to outperform expectations may influence future analyst assessments. These developments are part of the ongoing financial updates from TDS.
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