Array Digital Infrastructure Inc.
11/07/2025 | Press release | Distributed by Public on 11/07/2025 08:36
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 6, 2025, Anthony Carlson was appointed President and Chief Executive Officer of Array Digital Infrastructure, Inc. ("Array") effective November 16, 2025 (the "Effective Date"). On November 6, 2025, Mr. Carlson was also elected to the Array Board of Directors (the "Board") effective on the Effective Date.
Mr. Carlson succeeds Douglas W. Chambers who will continue to serve as interim President and CEO, and as a director, of Array until November 16, 2025. Following the conclusion of his services as President and CEO, Mr. Chambers will serve as Senior Advisor at Array until December 9, 2025.
Mr. Carlson has served as Vice President of Organizational Transformation of TDS Telecommunications LLC since September 2024. Prior to that, Mr. Carlson was employed by Array from 2020 and served in various analytical, financial analysis, sales, and marketing roles, including Interim Area Vice President, Northwest Region in 2021 and Senior Director of Growth Marketing Strategy and Execution from 2021 until September 2024. Previously, Mr. Carlson worked at McKinsey & Company and Samsung Electronics. Mr. Carlson is a Trustee of the TDS Voting Trust. Mr. Carlson is the son of LeRoy T. Carlson, Jr., a director of Array and Vice Chair and director of Telephone and Data Systems, Inc. ("TDS"), and nephew of Walter C.D. Carlson, the Chair and a director of Array and Chair of the Board, President and CEO of TDS. Mr. Carlson is 39 years old.
In connection with Mr. Carlson's election as President and Chief Executive Officer, Mr. Carlson and Array entered into an offer letter (the "Offer Letter") dated November 6, 2025, which is attached hereto as Exhibit 10.1. The following description of Mr. Carlson's compensation is qualified by reference to the complete terms of the Offer Letter. Mr. Carlson will receive an annual base salary of $400,000 and will be eligible for an annual bonus. Mr. Carlson's target bonus opportunity for 2025, to be paid in 2026, will be 60% of his base salary and will be pro-rated based upon his period of service as President and Chief Executive Officer of Array during 2025. He will be eligible to participate in Array's long-term incentive plan (LTIP) and his 2026 target multiple will be set at 140% of his base salary. The 2026 LTIP award is anticipated to occur in March. The metrics and other award terms are determined on an annual basis. Therefore, this target may change year-over-year, or in future years.
Array Digital Infrastructure Inc. published this content on November 07, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 07, 2025 at 14:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]