8-KLeadership ChangesRegulation FDExhibits & Filings

T-Mobile US, Inc. 8-K Report, Executive Changes (Jun 24, 2021)

Filed June 24, 2021For Securities:TMUSTMUSZTMUSITMUSL

Summary

T-Mobile US, Inc. (TMUS) filed an 8-K on June 24, 2021, to announce the appointment of Letitia Long to its Board of Directors, effective immediately as of June 22, 2021. Ms. Long's appointment is a designee of the Nominating and Corporate Governance Committee, pursuant to a stockholders' agreement. She will also serve as the National Security Director, a role established in connection with the Sprint merger, filling the vacancy left by Stephen Kappes. This appointment brings new expertise to the board, particularly in areas related to national security commitments. In conjunction with her board appointment, Ms. Long received an award of 1,565 restricted stock units, which will vest one year after the company's 2021 annual stockholders meeting, contingent on continued service. She will also receive standard cash compensation for non-employee directors. The filing also includes a press release detailing this appointment as Exhibit 99.1, which is incorporated by reference.

Key Highlights

  • 1Letitia Long appointed to T-Mobile's Board of Directors and Nominating and Corporate Governance Committee.
  • 2Ms. Long will also serve as the National Security Director, a role linked to the Sprint merger.
  • 3The appointment fills a vacancy left by Stephen Kappes' resignation.
  • 4Ms. Long's appointment is a designee of the Nominating and Corporate Governance Committee under a stockholders' agreement.
  • 5Ms. Long received an award of 1,565 restricted stock units vesting in one year, subject to continued service.
  • 6Ms. Long will be compensated according to the company's non-employee director compensation program.

Frequently Asked Questions

Letitia Long is a newly appointed member of T-Mobile's Board of Directors and Nominating and Corporate Governance Committee. She was appointed as a designee of the Committee under a stockholders' agreement and will also assume the role of National Security Director, a position established due to national security commitments made during the Sprint merger.

The National Security Director role was created as part of T-Mobile's commitments related to its merger with Sprint. Ms. Long's appointment to this position suggests a continued focus on these national security obligations and brings specific expertise to oversee these matters.

Upon her appointment, Ms. Long was granted 1,565 restricted stock units, which are expected to vest one year after T-Mobile's 2021 annual stockholders meeting, provided she remains on the Board. She will also receive cash compensation in line with the company's standard program for non-employee directors.