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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, filed May 26, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.

8Reported items
366Asset managers
2,689Fund votes
May 21, 2026Meeting date

Results at a glance

Meeting of May 21, 2026: 15 items on Telephone and Data Systems, Inc.’s Form 8-K, filed May 26, 2026: 3 approved · 12 without a stated outcome.

Material dissent

Elect Director: Christopher D. O'Leary 62% of votes cast Outcome not stated Director under 80%

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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, filed May 26, 2026 (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 May 21, 2026
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: LeRoy T. Carlson, Jr.	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Letitia G. Carlson, M.D.	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Prudence E. Carlson	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Walter C. D. Carlson	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Kenneth S. Dixon	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: George W. Off	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Napoleon B. Rutledge, Jr.	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Vicki L. Villacrez	74,832,251	--	--	--	20,040	—	Not verified	—
Elect Director: Kimberly D. Dixon	83,131,138	--	--	10,875,791	4,433,834	88%	Not verified	—
Elect Director: Christopher D. O'Leary	57,851,257	--	--	36,155,672	4,433,834	62%	Not verified	—
Elect Director: Wade Oosterman	83,646,319	--	--	10,360,610	4,433,834	89%	Not verified	—
Elect Director: Dirk S. Woessner	83,654,676	--	--	10,352,254	4,433,834	89%	Not verified	—
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	516,563	162,357	--	--	99.5%	Approved	—
3. Proposal to approve amendments to TDS' Restated Certificate of Incorporation to allow for exculpation of officers	110,192,258	13,684,261	1,851,178	--	2,420,522	89%	Approved	—
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	6,649,586	283,398	--	2,420,522	95%	Approved	—

Source: Telephone and Data Systems, Inc., Form 8-K, filed with the SEC on May 26, 2026 — 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 366 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. 2. Proposal to ratify the selection of PricewaterhouseCoopers LLP as our Independent Registered Public Accountants for…

Official resultDIRECTOR ELECTIONSReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

99.5% Approved · of votes cast

FOR 99.5%

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

Details: description as filed, official tally, votes by 87 asset managers

Description as filed by funds: Ratify accountants for 2026

Telephone and Data Systems, Inc.’s own tally for this item (“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 filed May 26, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal received the following votes and was approved :”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 87 asset managers below reported 38,860,025 for, 56,010 against, 9,877 abstained, 69,955 not voted.

FOR

FOR: 38,860,025AGAINST: 56,010ABSTAIN: 9,877NOT VOTED: 69,955

Largest asset managers voting on “Ratify accountants for 2026” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,887,968	17,404	2	For
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	2,406,357	0	0	For
Dimensional	2,028,135	0	0	For
State Street	1,735,685	83	0	For
Gabelli	1,392,100	0	0	For
Charles Schwab	1,005,135	0	0	For
Invesco	707,334	0	0	For
Equitable	602,381	0	0	For
Royce	485,659	0	0	For
Jackson National	388,948	0	0	For
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	196,851	0	0	For
JPMorgan	172,349	0	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	151,566	0	0	For
Columbia Threadneedle	151,482	0	0	For
Victory Capital	149,284	0	0	For
First Trust	112,057	0	0	For
SEI	111,404	0	0	For
Prudential/PGIM	98,451	0	0	For
WisdomTree	94,631	0	0	For
Lincoln Financial	90,726	0	0	For

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

2. Elect Director: Christopher D. O'Leary

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

62% Majority: yes · of votes cast

FOR 62%WITHHELD

FOR: 57,851,257WITHHELD: 36,155,672

Details: description as filed, official tally, votes by 86 asset managers

Description as filed by funds: Election of Directors: C. D. O'Leary

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 filed May 26, 2026 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 62% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 86 asset managers below reported 18,143,292 for, 20,763,708 withheld, 324 abstained, 69,955 not voted.

FORWITHHOLD

FOR: 18,143,292ABSTAIN: 324WITHHOLD: 20,763,708NOT VOTED: 69,955

Largest asset managers voting on “Election of Directors: C. D. O'Leary” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	21,217	324	10,883,835	Withhold
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	367,446	0	2,038,911	Mixed
Dimensional	0	0	2,028,135	Withhold
State Street	3,343	0	1,732,425	Withhold
Gabelli	0	0	1,392,100	Withhold
Charles Schwab	0	0	1,005,135	Withhold
Invesco	707,334	0	0	For
Equitable	142,271	0	460,110	Mixed
Royce	485,659	0	0	For
Jackson National	157,478	0	231,470	Mixed
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	196,851	0	0	For
JPMorgan	172,349	0	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	151,566	0	0	For
Columbia Threadneedle	0	0	151,482	Withhold
Victory Capital	149,284	0	0	For
First Trust	112,057	0	0	For
SEI	0	0	111,404	Withhold
Prudential/PGIM	83,860	0	14,591	Mixed
WisdomTree	0	0	94,631	Withhold
Lincoln Financial	9,542	0	81,184	Mixed

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

3. Elect Director: Dirk S. Woessner

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%

FOR: 83,654,676WITHHELD: 10,352,254

Details: description as filed, official tally, votes by 86 asset managers

Description as filed by funds: Election of Directors: D. S. Woessner

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 filed May 26, 2026 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 89% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 86 asset managers below reported 34,804,567 for, 4,102,663 withheld, 94 abstained, 69,955 not voted.

FOR

FOR: 34,804,567ABSTAIN: 94WITHHOLD: 4,102,663NOT VOTED: 69,955

Largest asset managers voting on “Election of Directors: D. S. Woessner” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	10,905,281	94	0	For
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	2,406,357	0	0	For
Dimensional	0	0	2,028,135	Withhold
State Street	1,735,124	0	644	For
Gabelli	0	0	1,392,100	Withhold
Charles Schwab	1,005,135	0	0	For
Invesco	707,334	0	0	For
Equitable	142,271	0	460,110	Mixed
Royce	485,659	0	0	For
Jackson National	361,620	0	27,328	Mixed
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	196,851	0	0	For
JPMorgan	172,349	0	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	151,566	0	0	For
Columbia Threadneedle	151,482	0	0	For
Victory Capital	149,284	0	0	For
First Trust	112,057	0	0	For
SEI	111,404	0	0	For
Prudential/PGIM	83,860	0	14,591	Mixed
WisdomTree	94,631	0	0	For
Lincoln Financial	75,242	0	15,484	Mixed

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

4. Elect Director: Wade Oosterman

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

89% Majority: yes · of votes cast

FOR 89%

FOR: 83,646,319WITHHELD: 10,360,610

Details: description as filed, official tally, votes by 86 asset managers

Description as filed by funds: Election of Directors: W. Oosterman

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 filed May 26, 2026 (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.

The 86 asset managers below reported 34,805,010 for, 4,102,221 withheld, 94 abstained, 69,955 not voted.

FOR

FOR: 34,805,010ABSTAIN: 94WITHHOLD: 4,102,221NOT VOTED: 69,955

Largest asset managers voting on “Election of Directors: W. Oosterman” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	10,905,281	94	0	For
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	2,406,357	0	0	For
Dimensional	0	0	2,028,135	Withhold
State Street	1,735,124	0	644	For
Gabelli	0	0	1,392,100	Withhold
Charles Schwab	1,005,135	0	0	For
Invesco	707,334	0	0	For
Equitable	142,271	0	460,110	Mixed
Royce	485,659	0	0	For
Jackson National	361,620	0	27,328	Mixed
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	196,851	0	0	For
JPMorgan	172,349	0	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	151,566	0	0	For
Columbia Threadneedle	151,482	0	0	For
Victory Capital	149,284	0	0	For
First Trust	112,057	0	0	For
SEI	111,404	0	0	For
Prudential/PGIM	83,860	0	14,591	Mixed
WisdomTree	94,631	0	0	For
Lincoln Financial	75,242	0	15,484	Mixed

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

5. Election of Directors: K. D. Dixon

No official matchDIRECTOR ELECTIONS

90% of fund votes cast · no official result

FOR

Details: votes by 79 asset managers

The 79 asset managers below reported 34,423,610 for, 3,834,281 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 34,423,610WITHHOLD: 3,834,281

Largest asset managers voting on “Election of Directors: K. D. Dixon” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Withheld	Vote
Vanguard	10,875,023	0	For
BlackRock	10,354,942	0	For
American Century	3,453,883	0	For
Fidelity	2,406,357	0	For
Dimensional	0	2,028,135	Withhold
State Street	1,735,124	644	For
Gabelli	0	1,392,100	Withhold
Charles Schwab	1,005,135	0	For
Invesco	707,334	0	For
Royce	485,659	0	For
Jackson National	361,620	27,328	Mixed
HENNESSY FUNDS TRUST	225,400	0	For
TIAA	212,861	0	For
Equitable	142,271	70,110	Mixed
Goldman Sachs	196,851	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	For
PIMCO	151,566	0	For
Columbia Threadneedle	0	151,482	Withhold
Victory Capital	149,284	0	For
First Trust	112,057	0	For
SEI	111,404	0	For
Prudential/PGIM	83,860	14,591	Mixed
WisdomTree	94,631	0	For
OLD WESTBURY FUNDS INC	87,497	0	For
BNY Mellon	87,427	0	For

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

6. Elect Director: Kimberly D. Dixon

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

88% Majority: yes · of votes cast

FOR 88%

FOR: 83,131,138WITHHELD: 10,875,791

Details: description as filed, official tally, votes by 2 asset managers

Description as filed by funds: Elect Director Kimberly D. Dixon

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 filed May 26, 2026 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 88% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 2 asset managers below reported 4,300 for, 69,955 not voted.

NOT VOTED

FOR: 4,300NOT VOTED: 69,955

Largest asset managers voting on “Elect Director Kimberly D. Dixon” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	0	0	0	0	Not Voted
CLEARWATER INVESTMENT TRUST	4,300	0	0	0	For

7. 3. Proposal to approve amendments to TDS' Restated Certificate of Incorporation to allow for exculpation of officers

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

89% Approved · of votes cast

FOR 89%

FOR: 110,192,258AGAINST: 13,684,261

Details: description as filed, official tally, votes by 87 asset managers

Description as filed by funds: Approval of an amendment to the Company's Restated Certificate of Incorporation to provide for exculpation of officers

Telephone and Data Systems, Inc.’s own tally for this item (“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 filed May 26, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal received the following votes and was approved :”
Support: 89% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 87 asset managers below reported 28,217,935 for, 8,884,960 against, 1,823,018 abstained, 69,955 not voted.

FORAGAINST

FOR: 28,217,935AGAINST: 8,884,960ABSTAIN: 1,823,018NOT VOTED: 69,955

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 manager	For	Against	Abstain	Vote
Vanguard	10,887,736	17,607	32	For
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	367,446	2,038,911	0	Mixed
Dimensional	0	2,028,135	0	Against
State Street	1,733,389	2,379	0	For
Gabelli	0	0	1,392,100	Abstain
Charles Schwab	0	1,005,135	0	Against
Invesco	0	707,334	0	Against
Equitable	142,271	70,110	390,000	Mixed
Royce	0	485,659	0	Against
Jackson National	157,478	231,470	0	Mixed
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	0	196,851	0	Against
JPMorgan	0	172,349	0	Against
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	0	151,566	0	Against
Columbia Threadneedle	0	151,482	0	Against
Victory Capital	0	149,284	0	Against
First Trust	0	112,057	0	Against
SEI	0	111,404	0	Against
Prudential/PGIM	83,860	14,591	0	Mixed
WisdomTree	0	94,631	0	Against
Lincoln Financial	65,700	25,026	0	Mixed

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

8. 4. Proposal to approve, on an advisory basis, the compensation of our named executive officers as disclosed in TDS'…

Official result Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 9 wordings of this item as funds reported it.

95% Approved · of votes cast

FOR 95%

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

Details: description as filed, official tally, votes by 366 asset managers

Description as filed by funds: Advisory vote to approve executive compensation

Telephone and Data Systems, Inc.’s own tally for this item (“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 filed May 26, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal received the following votes and was approved :”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 87 asset managers voting on “Advisory vote to approve executive compensation” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,887,876	17,496	4	For
BlackRock	10,354,942	0	0	For
American Century	3,453,883	0	0	For
Fidelity	2,406,357	0	0	For
Dimensional	0	2,028,135	0	Against
State Street	1,735,124	644	0	For
Gabelli	1,392,100	0	0	For
Charles Schwab	1,005,135	0	0	For
Invesco	707,334	0	0	For
Equitable	602,381	0	0	For
Royce	485,659	0	0	For
Jackson National	361,620	27,328	0	Mixed
HENNESSY FUNDS TRUST	225,400	0	0	For
TIAA	212,861	0	0	For
Goldman Sachs	0	196,851	0	Against
JPMorgan	172,349	0	0	For
QUANTITATIVE MASTER SERIES LLC	163,676	0	0	For
PIMCO	151,566	0	0	For
Columbia Threadneedle	151,482	0	0	For
Victory Capital	149,284	0	0	For
First Trust	112,057	0	0	For
SEI	0	111,404	0	Against
Prudential/PGIM	0	98,451	0	Against
WisdomTree	94,631	0	0	For
Lincoln Financial	75,242	15,484	0	Mixed

Fund voting reports, all 87 managers: 36,169,523 for, 2,746,475 against, 9,917 abstained, 69,955 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 305 asset managers voting on “Advisory vote to approve executive compensation” at Telephone and Data Systems, Inc., 2025-2026
Asset manager	For	Against	Vote
Third Point	6,675,000	0	For
CARRONADE CAPITAL MANAGEMENT, LP	4,493,991	0	For
BlackRock	3,799,737	64,642	For
American Century	3,604,872	0	For
OAKTREE CAPITAL MANAGEMENT LP	3,281,864	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,391,289	0	For
State Street	2,033,521	0	For
Rubric Capital Management LP	1,619,171	0	For
Gabelli	1,420,219	0	For
140 Summer Partners LP	1,336,731	0	For
Charles Schwab	1,129,129	0	For
Northern Trust	910,216	0	For
REDWOOD CAPITAL MANAGEMENT, LLC	0	876,580	Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC	808,252	0	For
Vanguard	805,195	0	For
DENDUR CAPITAL LP	802,000	0	For
Invesco	764,229	0	For
VR Advisory Services Ltd	680,904	0	For
Dimensional	0	678,612	Against
MELLON INVESTMENTS Corp	671,776	0	For
TCW GROUP INC	0	612,032	Against
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	0	555,400	Against
Nuveen	500,052	0	For
GOLDENTREE ASSET MANAGEMENT LP	484,377	8,058	For
PRINCIPAL GLOBAL INVESTORS	477,976	0	For

Institutional-manager reports, all 305 managers: 44,837,399 for, 6,262,971 against, 10,306 abstained, 2,103 not voted. Showing the 25 largest; see all in the interactive database.

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

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 113,850,000 shares outstanding at the time of that meeting.

Fund voting reports: top Telephone and Data Systems, Inc. shareholders by shares voted on “Advisory vote to approve executive compensation”, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	9.58%
2	BlackRock	9.10%
3	American Century	3.03%
4	Fidelity	2.11%
5	Dimensional	1.78%
6	State Street	1.52%
7	Gabelli	1.22%
8	Charles Schwab	0.88%
9	Invesco	0.62%
10	Equitable	0.53%

Institutional-manager reports: top Telephone and Data Systems, Inc. shareholders by shares voted on “Advisory vote to approve executive compensation”, 2025-2026
#	Asset manager	% of shares outstanding
1	Third Point	5.86%
2	CARRONADE CAPITAL MANAGEMENT, LP	3.95%
3	BlackRock	3.39%
4	American Century	3.17%
5	OAKTREE CAPITAL MANAGEMENT LP	2.88%
6	GEODE CAPITAL MANAGEMENT, LLC	2.10%
7	State Street	1.79%
8	Rubric Capital Management LP	1.42%
9	Gabelli	1.25%
10	140 Summer Partners LP	1.17%

Reported Telephone and Data Systems, Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Telephone and Data Systems, Inc. holdings and ownership disclosed 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 March 31, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 March 31, 2026. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At Telephone and Data Systems, Inc.'s shareholder meeting held May 21, 2026, in the 2025-2026 proxy season, 366 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,689 separate fund positions. Their filings are grouped here into 8 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 — Telephone and Data Systems, Inc.'s filing reports the proposal as approved, 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 on May 26, 2026.

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

Download data (CSV): ballot items · votes by manager · column guide.