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Telephone and Data Systems, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Telephone and Data Systems, Inc.’s Form 8-K (Item 5.07 on EDGAR). Page generated 04 October 2026.

  • 9Reported items
  • 368Asset managers
  • 2,726Fund votes
  • 2026-05-21Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Telephone and Data Systems, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Telephone and Data Systems, Inc.

These tallies are Telephone and Data Systems, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Telephone and Data Systems, Inc. — official shareholder meeting results, meeting held 2026-05-21
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: LeRoy T. Carlson, Jr. 74,832,251---- --20,040 —
Elect Director: Letitia G. Carlson, M.D. 74,832,251---- --20,040 —
Elect Director: Prudence E. Carlson 74,832,251---- --20,040 —
Elect Director: Walter C. D. Carlson 74,832,251---- --20,040 —
Elect Director: Kenneth S. Dixon 74,832,251---- --20,040 —
Elect Director: George W. Off 74,832,251---- --20,040 —
Elect Director: Napoleon B. Rutledge, Jr. 74,832,251---- --20,040 —
Elect Director: Vicki L. Villacrez 74,832,251---- --20,040 —
Elect Director: Kimberly D. Dixon 83,131,138---- 10,875,7914,433,834 Majority: yes
Elect Director: Christopher D. O'Leary 57,851,257---- 36,155,6724,433,834 Majority: yes
Elect Director: Wade Oosterman 83,646,319---- 10,360,6104,433,834 Majority: yes
Elect Director: Dirk S. Woessner 83,654,676---- 10,352,2544,433,834 Majority: yes
Proposal 2: Proposal to ratify the selection of PricewaterhouseCoopers LLP as our Independent Registered Public Accountants for the year ending December 31, 2026. 127,469,299516,563162,357 ---- Passed
Proposal 3: Proposal to approve amendments to TDS' Restated Certificate of Incorporation to allow for exculpation of officers. 110,192,25813,684,2611,851,178 --2,420,522 Passed
Proposal 4: Proposal to approve, on an advisory basis, the compensation of our named executive officers as disclosed in TDS' Proxy Statement dated April 8, 2026 (commonly known as "Say-on-Pay"). 118,794,7136,649,586283,398 --2,420,522 Passed

Source: Telephone and Data Systems, Inc., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Telephone and Data Systems, Inc. 2025-2026 meeting

Each item below shows how the 368 asset managers that disclosed a Telephone and Data Systems, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Telephone and Data Systems, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve executive compensation

SECTION 14A SAY-ON-PAY VOTESCompany result: Passed

Combines 9 wordings of this item as funds reported it.

95% Passed · of votes cast

FOR 95%
FOR: 118,794,713AGAINST: 6,649,586

Telephone and Data Systems, Inc.’s own tally for this item (“Proposal 4: Proposal to approve, on an advisory basis, the compensation of our named executive officers as disclosed in TDS' Proxy Statement dated April 8, 2026 (commonly known as "Say-on-Pay").”): 118,794,713 for, 6,649,586 against — passed, per its Form 8-K (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 366 asset managers below cast 90% of the shares they voted on this item FOR (81,006,922 for, 9,009,446 against).

FOR 90%10%
FOR: 81,006,922 (89.9%)AGAINST: 9,009,446 (10.0%)ABSTAIN: 20,223 (0.0%)NOT VOTED: 72,058 (0.1%)
Largest asset managers voting on “Advisory vote to approve executive compensation” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock14,154,67964,642 00For
Vanguard11,693,07117,496 40For
American Century7,058,7550 00For
Third Point6,675,0000 00For
CARRONADE CAPITAL MANAGEMENT, LP4,493,9910 00For
State Street3,768,645644 00For
OAKTREE CAPITAL MANAGEMENT LP3,281,8640 00For
Gabelli2,812,3190 00For
Dimensional02,706,747 00Against
Fidelity2,676,2090 00For
GEODE CAPITAL MANAGEMENT, LLC2,391,2890 00For
Charles Schwab2,134,2640 00For
Rubric Capital Management LP1,619,1710 00For
Invesco1,471,5630 00For
140 Summer Partners LP1,336,7310 00For
Northern Trust987,5790 00For
REDWOOD CAPITAL MANAGEMENT, LLC0876,580 00Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC808,2520 00For
DENDUR CAPITAL LP802,0000 00For
VR Advisory Services Ltd680,9040 00For
MELLON INVESTMENTS Corp671,7760 00For
TCW GROUP INC0612,032 00Against
Equitable602,3810 00For
Goldman Sachs5,075585,871 00Against
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND0555,400 00Against

Showing the 25 largest of 366 asset managers. See all 366 in the interactive database.

2. Approval of an amendment to the Company's Restated Certificate of Incorporation to provide for exculpation of officers

AUDIT-RELATEDCompany result: Passed

Combines 3 wordings of this item as funds reported it.

89% Passed · of votes cast

FOR 89%11%
FOR: 110,192,258AGAINST: 13,684,261

Telephone and Data Systems, Inc.’s own tally for this item (“Proposal 3: Proposal to approve amendments to TDS' Restated Certificate of Incorporation to allow for exculpation of officers.”): 110,192,258 for, 13,684,261 against — passed, per its Form 8-K (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 87 asset managers below cast 76% of the shares they voted on this item FOR (28,217,935 for, 8,884,960 against).

FOR 72%AGAINST 23%
FOR: 28,217,935 (72.4%)AGAINST: 8,884,960 (22.8%)ABSTAIN: 1,823,018 (4.7%)NOT VOTED: 69,955 (0.2%)
Largest asset managers voting on “Approval of an amendment to the Company's Restated Certificate of Incorporation to provide for exculpation of ” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,887,73617,607 320For
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity367,4462,038,911 00Against
Dimensional02,028,135 00Against
State Street1,733,3892,379 00For
Gabelli00 1,392,1000Abstain
Charles Schwab01,005,135 00Against
Invesco0707,334 00Against
Equitable142,27170,110 390,0000Abstain
Royce0485,659 00Against
Jackson National157,478231,470 00Against
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Goldman Sachs0196,851 00Against
JPMorgan0172,349 00Against
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO0151,566 00Against
Columbia Threadneedle0151,482 00Against
Victory Capital0149,284 00Against
First Trust0112,057 00Against
SEI0111,404 00Against
Prudential/PGIM83,86014,591 00For
WisdomTree094,631 00Against
Lincoln Financial65,70025,026 00For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

3. Ratify accountants for 2026

DIRECTOR ELECTIONSCompany result: Passed

Combines 3 wordings of this item as funds reported it.

99.5% Passed · of votes cast

FOR 99.5%
FOR: 127,469,299AGAINST: 516,563

Telephone and Data Systems, Inc.’s own tally for this item (“Proposal 2: Proposal to ratify the selection of PricewaterhouseCoopers LLP as our Independent Registered Public Accountants for the year ending December 31, 2026.”): 127,469,299 for, 516,563 against — passed, per its Form 8-K (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 87 asset managers below cast 99.8% of the shares they voted on this item FOR (38,860,025 for, 56,010 against).

FOR 99.6%
FOR: 38,860,025 (99.7%)AGAINST: 56,010 (0.1%)ABSTAIN: 9,877 (0.0%)NOT VOTED: 69,955 (0.2%)
Largest asset managers voting on “Ratify accountants for 2026” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,887,96817,404 20For
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity2,406,3570 00For
Dimensional2,028,1350 00For
State Street1,735,68583 00For
Gabelli1,392,1000 00For
Charles Schwab1,005,1350 00For
Invesco707,3340 00For
Equitable602,3810 00For
Royce485,6590 00For
Jackson National388,9480 00For
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Goldman Sachs196,8510 00For
JPMorgan172,3490 00For
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO151,5660 00For
Columbia Threadneedle151,4820 00For
Victory Capital149,2840 00For
First Trust112,0570 00For
SEI111,4040 00For
Prudential/PGIM98,4510 00For
WisdomTree94,6310 00For
Lincoln Financial90,7260 00For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

4. Election of Directors: C. D. O'Leary

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

62% Majority: yes · of votes cast

FOR 62%WITHHELD 38%
FOR: 57,851,257WITHHELD: 36,155,672

Telephone and Data Systems, Inc.’s own tally for this item (“Elect Director: Christopher D. O'Leary”): 57,851,257 for, 36,155,672 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 86 asset managers below cast 100% of the shares they voted on this item FOR (18,143,262 for, 0 against).

FOR 46.5%ABSTAIN 52.2%
FOR: 18,143,262 (46.5%)ABSTAIN: 20,344,032 (52.2%)WITHHELD: 420,000 (1.1%)NOT VOTED: 69,955 (0.2%)
Largest asset managers voting on “Election of Directors: C. D. O'Leary” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard21,1870 10,884,1590Abstain
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity367,4460 2,038,9110Abstain
Dimensional00 2,028,1350Abstain
State Street3,3430 1,732,4250Abstain
Gabelli00 1,392,1000Abstain
Charles Schwab00 1,005,1350Abstain
Invesco707,3340 00For
Equitable142,2710 70,1100Withheld
Royce485,6590 00For
Jackson National157,4780 231,4700Abstain
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Goldman Sachs196,8510 00For
JPMorgan172,3490 00For
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO151,5660 00For
Columbia Threadneedle00 151,4820Abstain
Victory Capital149,2840 00For
First Trust112,0570 00For
SEI00 111,4040Abstain
Prudential/PGIM83,8600 14,5910For
WisdomTree00 94,6310Abstain
Lincoln Financial9,5420 81,1840Abstain

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

5. Election of Directors: D. S. Woessner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%11%
FOR: 83,654,676WITHHELD: 10,352,254

Telephone and Data Systems, Inc.’s own tally for this item (“Elect Director: Dirk S. Woessner”): 83,654,676 for, 10,352,254 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 86 asset managers below cast 100% of the shares they voted on this item FOR (34,804,567 for, 0 against).

FOR 89%9%
FOR: 34,804,567 (89.3%)ABSTAIN: 3,682,757 (9.4%)WITHHELD: 420,000 (1.1%)NOT VOTED: 69,955 (0.2%)
Largest asset managers voting on “Election of Directors: D. S. Woessner” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,905,2810 940For
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity2,406,3570 00For
Dimensional00 2,028,1350Abstain
State Street1,735,1240 6440For
Gabelli00 1,392,1000Abstain
Charles Schwab1,005,1350 00For
Invesco707,3340 00For
Equitable142,2710 70,1100Withheld
Royce485,6590 00For
Jackson National361,6200 27,3280For
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Goldman Sachs196,8510 00For
JPMorgan172,3490 00For
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO151,5660 00For
Columbia Threadneedle151,4820 00For
Victory Capital149,2840 00For
First Trust112,0570 00For
SEI111,4040 00For
Prudential/PGIM83,8600 14,5910For
WisdomTree94,6310 00For
Lincoln Financial75,2420 15,4840For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

6. Election of Directors: W. Oosterman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%11%
FOR: 83,646,319WITHHELD: 10,360,610

Telephone and Data Systems, Inc.’s own tally for this item (“Elect Director: Wade Oosterman”): 83,646,319 for, 10,360,610 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 86 asset managers below cast 100% of the shares they voted on this item FOR (34,805,010 for, 0 against).

FOR 89%9%
FOR: 34,805,010 (89.3%)ABSTAIN: 3,682,315 (9.4%)WITHHELD: 420,000 (1.1%)NOT VOTED: 69,955 (0.2%)
Largest asset managers voting on “Election of Directors: W. Oosterman” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,905,2810 940For
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity2,406,3570 00For
Dimensional00 2,028,1350Abstain
State Street1,735,1240 6440For
Gabelli00 1,392,1000Abstain
Charles Schwab1,005,1350 00For
Invesco707,3340 00For
Equitable142,2710 70,1100Withheld
Royce485,6590 00For
Jackson National361,6200 27,3280For
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Goldman Sachs196,8510 00For
JPMorgan172,3490 00For
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO151,5660 00For
Columbia Threadneedle151,4820 00For
Victory Capital149,2840 00For
First Trust112,0570 00For
SEI111,4040 00For
Prudential/PGIM83,8600 14,5910For
WisdomTree94,6310 00For
Lincoln Financial75,2420 15,4840For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

7. Election of Directors: K. D. Dixon

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 90%10%

The 79 asset managers below cast 100% of the shares they voted on this item FOR (34,423,610 for, 0 against).

FOR: 34,423,610 (90.0%)ABSTAIN: 3,834,281 (10.0%)
Largest asset managers voting on “Election of Directors: K. D. Dixon” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard10,875,0230 00For
BlackRock10,354,9420 00For
American Century3,453,8830 00For
Fidelity2,406,3570 00For
Dimensional00 2,028,1350Abstain
State Street1,735,1240 6440For
Gabelli00 1,392,1000Abstain
Charles Schwab1,005,1350 00For
Invesco707,3340 00For
Royce485,6590 00For
Jackson National361,6200 27,3280For
HENNESSY FUNDS TRUST225,4000 00For
TIAA212,8610 00For
Equitable142,2710 70,1100For
Goldman Sachs196,8510 00For
QUANTITATIVE MASTER SERIES LLC163,6760 00For
PIMCO151,5660 00For
Columbia Threadneedle00 151,4820Abstain
Victory Capital149,2840 00For
First Trust112,0570 00For
SEI111,4040 00For
Prudential/PGIM83,8600 14,5910For
WisdomTree94,6310 00For
OLD WESTBURY FUNDS INC87,4970 00For
BNY Mellon87,4270 00For

Showing the 25 largest of 79 asset managers. See all 79 in the interactive database.

8. Election of Director: K. D. Dixon

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 35%WITHHELD 65%

The 9 asset managers below cast 100% of the shares they voted on this item FOR (225,036 for, 0 against).

FOR: 225,036 (34.9%)ABSTAIN: 98 (0.0%)WITHHELD: 420,000 (65.1%)
Largest asset managers voting on “Election of Director: K. D. Dixon” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable00 00Withheld
JPMorgan172,3490 00For
Vanguard30,2550 980For
1290 Funds00 00Withheld
Brighthouse8,5160 00For
Lincoln Financial4,9180 00For
Ultimus Managers Trust4,8460 00For
RBB Fund Trust3,6350 00For
Advisors' Inner Circle Fund III5170 00For

9. Elect Director Kimberly D. Dixon

DIRECTOR ELECTIONSMajority of the votes cast: yes

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 83,131,138WITHHELD: 10,875,791

Telephone and Data Systems, Inc.’s own tally for this item (“Elect Director: Kimberly D. Dixon”): 83,131,138 for, 10,875,791 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 2 asset managers below cast 100% of the shares they voted on this item FOR (4,300 for, 0 against).

NOT VOTED 94%
FOR: 4,300 (5.8%)NOT VOTED: 69,955 (94.2%)
Largest asset managers voting on “Elect Director Kimberly D. Dixon” at Telephone and Data Systems, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
CLEARWATER INVESTMENT TRUST4,3000 00For

Largest Telephone and Data Systems, Inc. shareholders voting in 2025-2026

Ranked by the number of Telephone and Data Systems, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 113,850,000 shares outstanding at the time of that meeting.

Top Telephone and Data Systems, Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 12.49%
2Vanguard 10.29%
3American Century 6.20%
4Third Point 5.86%
5CARRONADE CAPITAL MANAGEMENT, LP 3.95%
6State Street 3.31%
7OAKTREE CAPITAL MANAGEMENT LP 2.88%
8Gabelli 2.47%
9Dimensional 2.38%
10Fidelity 2.35%

Reported Telephone and Data Systems, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Telephone and Data Systems, Inc. beneficial owners on record for the 2025-2026 proxy season
Holder % outstanding Disclosure
Telephone and Data Systems, Inc. 62.18% 13D
BlackRock 13.11% 13F
Vanguard Group 9.99% 13F
Series A Common Shares 6.62% DEF14A
Dimensional Fund Advisors 5.69% 13F
Walter C. D. Carlson, Letitia G. Carlson, M.D., Prudence E. Carlson and Anthony J. M. Carl 5.54% DEF14A
State Street 3.68% 13F
Geode Capital 2.11% 13F
Goldman Sachs 1.93% 13F
PICTON MAHONEY ASSET MANAGEMENT 1.65% 13G

Percentages above are of 113,850,000 shares outstanding, as reported by Telephone and Data Systems, Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Telephone and Data Systems, Inc.’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Telephone and Data Systems, Inc.'s shareholder meeting held 2026-05-21, in the 2025-2026 proxy season, 368 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,726 separate fund positions. Their filings are grouped here into 9 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory vote to approve executive compensation — the proposal passed with 95% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: Telephone and Data Systems, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

Telephone and Data Systems, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).