8-KLeadership ChangesCorporate ChangesExhibits & Filings

T-Mobile US, Inc. 8-K Report, Executive Changes (Feb 8, 2008)

Filed February 8, 2008For Securities:TMUSTMUSZTMUSITMUSL

Summary

This 8-K filing from T-Mobile US, Inc. (filed February 8, 2008, with an event date of February 4, 2008) primarily discloses executive compensation and amendments to the company's Code of Ethics. The Board of Directors approved base salaries for key executive officers for 2008, with the President and CEO, Roger D. Linquist, receiving the highest base salary at $750,000. Other notable executive salaries include the COO at $450,000 and the CFO at $425,000. Additionally, the company updated its Code of Ethics to prohibit soliciting courtesies from vendors and suppliers and to extend conduct requirements related to auditors to all employees, officers, and directors. This filing provides transparency regarding executive remuneration and strengthens corporate governance standards.

Key Highlights

  • 12008 base salaries for executive officers were approved by the Board of Directors.
  • 2Roger D. Linquist, President and CEO, has a 2008 base salary of $750,000.
  • 3Thomas C. Keys, COO, will receive a 2008 base salary of $450,000.
  • 4J. Braxton Carter, EVP and CFO, has a 2008 base salary of $425,000.
  • 5The Code of Ethics was modified to prohibit soliciting courtesies from vendors and suppliers.
  • 6The Code of Ethics was broadened to apply auditor conduct requirements to all employees, officers, and directors.
  • 7The revised Code of Ethics is filed as Exhibit 14.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the approved 2008 base salaries for T-Mobile US, Inc.'s executive officers and to announce amendments made to the company's Code of Ethics.

Based on the 2008 base salaries disclosed, Roger D. Linquist (President and CEO) is the highest-paid executive with a base salary of $750,000. Thomas C. Keys (Chief Operating Officer) is next at $450,000, followed by J. Braxton Carter (Executive Vice President and Chief Financial Officer) at $425,000.

The Code of Ethics was revised to explicitly prohibit soliciting or requesting courtesies from vendors and suppliers. Additionally, the conduct requirements concerning the company's auditors were expanded to apply to all employees, officers, and directors, not just a select group.

The revised Code of Ethics is filed as Exhibit 14.1 to this Current Report and is available for review.