UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 8, 2025, T-Mobile US, Inc. (the “Company”) appointed Daniel J. Drobac as Vice President and Chief Accounting Officer (“CAO”) of the Company, effective as of May 1, 2025. The Company’s current CAO, Dara Bazzano, has decided to retire from the Company, but will continue to serve as the principal accounting officer of the Company through April 30, 2025.
Mr. Drobac, age 49, has served as Vice President, Accounting and Controller at the Company since August 2017. Prior to that he served as a Practice Fellow at the Financial Accounting Standards Board from 2015 to 2017 and served in various leadership roles at PricewaterhouseCoopers LLP from 2000 to 2015. Mr. Drobac received Bachelor’s and Master’s degrees in Accounting from the University of Wisconsin-Madison.
On April 8, 2025, the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved new compensation terms for Mr. Drobac (the “Drobac Compensation Terms”) effective May 1, 2025. Pursuant to the Drobac Compensation Terms, Mr. Drobac will receive an annual base salary of $400,000 and an annual short-term incentive (“STI”) award targeted at 75% of his base salary, payable based on the attainment of pre-established performance goals. Commencing with calendar year 2026, Mr. Drobac will also be eligible for annual long-term incentive awards with an annual aggregate grant-date target value (as determined by the Committee) equal to 100% of his target cash compensation (his then-current base salary plus target STI). In addition, in connection with Mr. Drobac’s commencement as Vice President and CAO of the Company, he will be granted a one-time award of time-based restricted stock units (the “RSUs”) on May 1, 2025 with an aggregate grant-date target value of $233,606. The RSUs will vest evenly every six months over three years, starting from the grant date, subject to Mr. Drobac’s continued employment through the applicable vesting date (subject to accelerated vesting in accordance with the applicable award agreement).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
T-MOBILE US, INC. | ||||||
Date: April 11, 2025 | /s/ Peter Osvaldik | |||||
Name: | Peter Osvaldik | |||||
Title: | Executive Vice President and Chief Financial Officer |