The Array Digital Infrastructure, Inc. (NYSE: AD) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Array, identified in filings as Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation), reports on its activities as an owner and operator of shared wireless communications infrastructure in the United States.
Investors can use Array’s SEC filings to review details of major asset transactions, capital structure changes, and governance matters. For example, Form 8-K filings describe the completion of the sale of select spectrum assets to New Cingular Wireless PCS, LLC (an AT&T subsidiary) for $1.018 billion in cash, the entry into license purchase agreements with Verizon and AT&T for various spectrum bands, and amendments to Array’s First Amended and Restated Credit Agreement that adjust borrowing capacity, maturity, and leverage calculations.
Other 8-K filings cover topics such as the appointment of Anthony Carlson as President and Chief Executive Officer, the announcement of quarterly operating results, and shareholder voting outcomes at the Annual Meeting of Shareholders. These filings provide context on leadership transitions, board composition, auditor ratification, amendments to the Restated Certificate of Incorporation, and advisory votes on executive compensation.
Through its periodic reports on Forms 10-K and 10-Q, Array presents financial statements and discusses risk factors related to its tower business, spectrum assets, tenant concentration, competition in the tower industry, and the status of spectrum license sales subject to regulatory approvals. Stock Titan’s platform surfaces these filings and can pair them with AI-powered summaries that explain key points in plain language, highlight significant changes, and help users locate information on topics such as site rental revenues, spectrum monetization, debt arrangements, and special dividend declarations.
In addition, users can review any available insider and beneficial ownership disclosures, as well as future proxy statements and related materials when filed, to gain a fuller view of Array’s governance and executive compensation framework.
Array Digital Infrastructure, Inc. reported very strong first quarter 2026 results driven by major spectrum monetization while reaffirming its full‑year outlook. Total operating revenues from continuing operations were $52.0 million, up from $27.0 million a year earlier, as site rental revenues rose 92% to $51.0 million.
Net income attributable to shareholders from continuing operations jumped to $179.8 million, or $2.08 diluted earnings per share, compared with $4.7 million and $0.05 a year ago, largely reflecting a $156.6 million gain on the $1,018.0 million sale of certain 3.45 GHz and 700 MHz spectrum licenses closed on January 13, 2026.
Array reaffirmed its 2026 guidance, including total operating revenues of $200–$215 million, Adjusted EBITDA of $200–$215 million, Adjusted OIBDA of $50–$65 million, and capital expenditures of $25–$35 million. The company continued to execute additional spectrum transactions, closing a $74.8 million 700 MHz spectrum sale on May 5, 2026, and highlighted a pending $1,000.0 million spectrum sale to Verizon expected to close in Q2/Q3 2026. Telephone and Data Systems, Inc., which owned about 81.9% of Array as of March 31, 2026, submitted a non‑binding proposal to acquire the remaining Array common shares, and a special committee of independent directors is evaluating this proposal.
Telephone and Data Systems, Inc. (TDS) has filed an amended Schedule 13D on Array Digital Infrastructure, Inc., disclosing a non-binding proposal to acquire all Array Common Shares it does not already own. TDS currently beneficially owns 37,782,826 Array Common Shares, or approximately 70.7% of that class.
TDS also holds 33,005,877 Array Series A Common Shares, which carry ten votes per share and are convertible one-for-one into Common Shares. Together these positions represent about 81.9% of Array’s outstanding capital stock and approximately 95.9% of the combined voting power, giving TDS the ability to elect all Array directors.
The proposal is subject to discussions with Array’s board and any special committee, and TDS states there is no assurance that any transaction will be completed, or what its final terms or timing might be. A longstanding Voting Trust controls a majority of TDS’s own voting power, indirectly influencing Array through TDS’s stake.
Array Digital Infrastructure, Inc. reported that its board has received a non-binding proposal from Telephone and Data Systems, Inc. (TDS) to acquire all common shares it does not already own. TDS currently holds a controlling economic and voting stake in the company.
The board formed a special committee of three independent, disinterested directors to analyze, evaluate and negotiate or reject the proposal. The committee has hired PJT Partners as financial advisor and Cravath, Swaine & Moore LLP as legal counsel. The proposal is only an indication of interest, subject to special committee recommendation and approval by a majority of disinterested stockholder votes, and there is no assurance any transaction will occur. Shareholders are told they do not need to take action at this time.
Array Digital Infrastructure, Inc. asks shareholders to vote at its 2026 annual meeting on electing nine directors, ratifying PricewaterhouseCoopers as auditor, approving an officer exculpation charter amendment, and holding an advisory Say-on-Pay vote on 2025 executive pay.
During 2025 the company completed a major transformation, selling UScellular’s wireless operations and select spectrum to T-Mobile for $4.3 billion, rebranding as Array, and paying a special cash dividend of $23.00 per share. Array is now a tower-focused business with over 4,400 towers, lean staffing, and support functions sourced from Telephone and Data Systems.
The proxy explains that Array is monetizing remaining wireless spectrum, with agreements covering roughly 70% of holdings, including an AT&T deal that closed for $1.018 billion. It also details Array’s controlled-company governance, dual‑class voting structure, board independence, risk oversight and Audit Committee activities, and outlines 2025 target compensation design and governance practices for named executive officers.
ARRAY DIGITAL INFRASTRUCTURE, INC. President and CEO Anthony J. Carlson exercised equity awards into common shares in a compensation-related transaction. He converted 1,742 restricted stock units and 4,150 performance share units into a total of 5,892 common shares, valued using a market price of $48.00 per share from the prior trading day.
To cover tax obligations on these vestings, 511 shares and 1,217 shares (1,728 shares in total) were withheld rather than sold on the market. Following these transactions, Carlson holds 13,093 common shares directly. The footnotes explain that both the restricted stock units and performance share units were originally granted in April 2023, with additional units credited after special dividends in August 2025 and February 2026 to maintain the awards’ fair value. No open-market purchases or sales were reported in this filing.
Array Digital Infrastructure, Inc. adopted a new 2026 Annual Incentive Plan effective January 1, 2026 for its named executive officers and all associates. As of March 22, 2026, the plan was approved by the company’s Chair and its President and CEO, although the Chair does not participate.
The plan bases officer bonuses 80% on company performance and 20% on individual performance. Company performance is measured using three financial metrics: Adjusted Revenue (40% weighting), Adjusted OIBDA (40%), and New Cash Site Rental Revenue (20%). Officers generally must remain employed through the bonus payout date, with pro-rated eligibility for retirement or death and potential discretionary payouts in other cases.
Carlson Anthony J reported acquisition or exercise transactions in this Form 4 filing.
ARRAY DIGITAL INFRASTRUCTURE, INC. reported that President and CEO Anthony J. Carlson received a grant of 5,805 restricted stock units under the company’s Long-Term Incentive Plan. These RSUs represent the right to receive an equal number of common shares and will vest in three equal installments on the first, second, and third anniversaries of the grant date, aligning a portion of the CEO’s compensation with long-term shareholder value.
Array Digital Infrastructure, Inc. (AD) is holding its 2026 Annual Meeting on May 19, 2026 where shareholders will vote on director elections, ratifying PwC, an amendment to permit officer exculpation, and an advisory Say-on-Pay.
In 2025 the company completed the sale of its wireless operations and select spectrum — the transaction closed on August 1, 2025 with final sales proceeds of $4.3 billion and a special cash dividend of $23.00 per share. Following the transaction the company was renamed Array and repositioned as a tower company with over 4,400 towers, ~60 associates, and a focus on tower leasing and colocations. Array has monetized approximately 70% of its spectrum holdings via agreements with major carriers, including a closed AT&T transaction on January 13, 2026 for $1.018 billion, with remaining spectrum monetization expected to close in 2026. The Board unanimously recommends votes FOR all proposals.