sc13d
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Charles R. Wunsch, Esq.
General Counsel and Corporate Secretary
Sprint Nextel Corporation
6200 Sprint Parkway
Overland Park, Kansas 66251
Telephone: (913) 794-1496
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
WITH COPIES TO:
Michael J. Egan
Anne M. Cox
King & Spalding LLP
1180 Peachtree Street
Atlanta, Georgia 30309
(404) 572-4600
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
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CUSIP No. |
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44980Y305 |
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NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Sprint Nextel Corporation 48-0457967 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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SEC USE ONLY |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Kansas
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SOLE VOTING POWER |
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NUMBER OF |
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- 0 - |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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1,508,229 |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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- 0 - |
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WITH |
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SHARED DISPOSITIVE POWER |
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1,558,136 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,558,136 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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approximately 9.4% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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CO |
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CUSIP No. |
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Item 1. Security and Issuer.
The class of equity security to which this Statement on Schedule 13D relates is the common
stock, par value $.01 per share (the Shares), of iPCS, Inc., a Delaware corporation (the
Company). The name and address of the principal executive offices of the Company are
iPCS, Inc., 1901 North Roselle Road, Schaumburg, Illinois 60195.
Item 2. Identity and Background.
This Statement is filed by Sprint Nextel Corporation, a Kansas corporation (Sprint
Nextel), with the U.S. Securities and Exchange Commission on October 28, 2009. Sprint Nextel
is a global communications company offering a comprehensive range of wireless and wireline
communications products and services that are designed to meet the needs of its targeted customer
groups: individuals, small- to mid-sized businesses, large enterprises and government customers.
Sprint Nextel has organized its operations to meet the needs of its targeted customer groups
through focused communications solutions that incorporate the capabilities of its wireless and
wireline services. Sprint Nextel is one of the three largest wireless companies in the United
States based on the number of wireless subscribers. Sprint Nextel owns extensive wireless networks
and a global long distance, Tier 1 Internet backbone. Sprint Nextels principal place of business
and principal office is at 6200 Sprint Parkway, Overland Park, Kansas 66251.
The name, citizenship, business address, principal occupation or employment and five-year
employment history of each of the directors and executive officers of Sprint Nextel and certain
other information are set forth in Schedule I hereto, which is incorporated herein by reference.
Neither Sprint Nextel nor, to the best knowledge of Sprint Nextel, any of the persons listed on
Schedule I during the last five years has been (i) convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) a party to any judicial or administrative
proceeding (except for matters that were dismissed without sanction or settlement) that resulted in
a judgment, decree or final order enjoining the person from future violations of, or prohibiting
activities subject to, federal or state securities laws or finding any violation of such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Sprint Nextel estimates that the total amount of funds required to consummate the transactions
described in this Statement and to pay related fees and expenses and other obligations will be
approximately $442,157,224. Sprint Nextel plans to pay these obligations from available cash.
Item 4. Purpose of the Transaction.
Pursuant to an Agreement and Plan of Merger, dated as of October 18, 2009 (the Merger
Agreement), by and among Sprint Nextel, Ireland Acquisition Corporation (Offeror), a
Delaware corporation and a wholly owned subsidiary of Sprint Nextel, and the Company, Offeror
commenced an offer on October 28, 2009 (the Offer) to purchase all of the issued and
outstanding Shares of the Company for $24.00 per Share, net to the seller in cash, less any
required withholding taxes and without interest (the Offer Price), upon the terms and
conditions set forth in the Offer to Purchase, dated October 28, 2009 (the Offer to
Purchase). The purpose of the Offer is to acquire control of, and the entire equity interest
in, the Company. The Merger Agreement also provides that, following completion of the Offer, upon
the terms and subject to the conditions of the Merger Agreement and in accordance with the Delaware
General Corporation Law (the DGCL), Offeror will be merged with and into the Company (the
Merger). Each Share then outstanding will be converted into the right to receive the
Offer Price. Following the Merger, the Company will continue as the surviving corporation (the
Surviving Corporation) and become a wholly owned subsidiary of Sprint Nextel, and the
separate corporate existence of Offeror will cease.
The Offer is conditioned upon, among other things, there being validly tendered and not
withdrawn prior to the expiration of the Offer a number of Shares that represents at least a
majority of the then outstanding Shares on a fully diluted basis (the Minimum Condition).
The Offer is also subject to the expiration or termination of all applicable waiting periods under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, receipt of required approvals
from the Federal Communications Commission (or, under certain circumstances, waiver of the
requirement of such approvals) and other required regulatory approvals and the satisfaction or
waiver of certain other terms and conditions.
If pursuant to the Offer, Offeror acquires at least 90% of the Shares then outstanding, in
accordance with the Merger Agreement and the DGCL, Offeror will be able to effect the Merger
without a vote of the Companys stockholders. In addition, if Offeror does not own at least 90% of
the Shares after its acceptance of and deposit of
payment for Shares pursuant to the Offer, its has the option (the Top-Up Option),
subject to certain limitations, to
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purchase from the Company at the Offer Price an aggregate number
of Shares equal to the lowest number of Shares sufficient to cause Offeror, together with Sprint
Nextel and each of their respective affiliates, to own immediately after the time of exercise and
issuance of the Shares one Share more than 90% of the total outstanding Shares on a fully diluted
basis. If, however, the Minimum Condition is met but Sprint Nextel and Offeror do not acquire 90%
of the Shares then outstanding as a result of the Offer (including the Top-Up Option) or otherwise,
the vote of the Companys stockholders will be required under the DGCL to effect the Merger.
The Merger Agreement further provides that, if requested by Sprint Nextel or Offeror and if
the Minimum Condition is satisfied, promptly following the purchase of such Shares by Offeror
pursuant to the Offer, and from time to time thereafter, the Company will take all actions
necessary, including increasing the size of the Board of Directors of the Company or causing the
resignation of members who were directors prior to the commencement of the Offer, to cause such
number of persons designated by Offeror to become directors of the Company so that the percentage
representation of Offerors designees on the Board of Directors of the Company is equivalent to
Offerors percentage ownership of Shares issued and outstanding, on a fully diluted basis, as of
such time. In addition, Sprint Nextel, Offeror and the Company have agreed to use their respective
reasonable best efforts to ensure that at least two of the members of the Board of Directors of the
Company will be continuing directors or persons designated by the continuing directors.
In connection with the Merger Agreement and for the purpose of facilitating the transactions
contemplated thereby, Sprint Nextel entered into a Stockholders Agreement, dated as of October 18,
2009 (the Stockholders Agreement), with the following stockholders: Apollo Investment
Fund IV, L.P., Apollo Overseas Partners IV, L.P., Timothy M. Yager, Stebbins B. Chandor, Jr.,
Timothy G. Biltz and Mikal J. Thomsen (collectively, the Tendering Stockholders).
Pursuant to the Stockholders Agreement, the Tendering Stockholders agreed to tender an aggregate of
1,508,229 Shares owned by the Tendering Stockholders (the Committed Shares) in the Offer
and, if necessary, to vote the Committed Shares (except for those Shares tendered pursuant to the
Offer or any subsequent offering period) in favor of the Merger. In addition, certain Tendering
Stockholders holding an aggregate of 49,907 restricted Shares (the Restricted Shares)
have agreed to tender the Restricted Shares, to the extent the restrictions lapse, in any
subsequent offering period made available under the Offer. As of October 13, 2009, (i) the
Committed Shares represented approximately 9.1% of the Shares issued and outstanding and
approximately 8.2% of the Shares issued and outstanding on a fully diluted basis and (ii) the
Committed Shares together with the Restricted Shares represented approximately 9.4% of the Shares
issued and outstanding and approximately 8.5% of the Shares issued and outstanding on a fully
diluted basis.
Pursuant to the Stockholders Agreement, the Tendering Stockholders irrevocably appointed
Sprint Nextel as their proxy to vote their Shares in connection with the transaction in the
following manner: (i) for the approval of the Merger Agreement and the Merger and (ii) against any
alternative Acquisition Proposal unless Sprint Nextel and such Tendering Stockholder determine to
vote in favor of the Acquisition Proposal. If Sprint Nextel elects not to exercise its right to
vote the securities pursuant to the irrevocable proxy, the Tendering Stockholders agree to vote the
securities during the term of the Stockholders Agreement (i) to approve the Merger Agreement and
the Merger or (ii) against any other acquisition proposal unless Sprint Nextel and such Tendering
Stockholder determine to vote in favor of the Acquisition Proposal, in each case at any annual,
special or other meeting or action of the stockholders of the Company in lieu of a meeting or
otherwise. Acquisition Proposal means any proposal with respect to (i) a transaction
pursuant to which any person (or group of persons) other than Sprint Nextel or its affiliates,
directly or indirectly, acquires or would acquire more than 20% of the outstanding Shares or of the
outstanding voting power of the Company, whether from the Company or pursuant to a tender offer or
exchange offer or otherwise (other than the Offer), (ii) a merger, share exchange, consolidation,
business combination, recapitalization or any other transaction involving the Company (other than
the Merger) or any of its subsidiaries pursuant to which any person or group of persons (other than
Sprint Nextel or its affiliates) party thereto, or its stockholders, owns or would own more than
20% of the outstanding Shares or the outstanding voting power of the Company or, if applicable, the
parent entity resulting from any such transaction immediately upon consummation thereof, or (iii)
any transaction pursuant to which any person (or group of persons) other than Sprint Nextel or its
affiliates acquires or would acquire control of assets (including for this purpose the outstanding
equity securities of the Companys subsidiaries and securities of the entity surviving any merger
or business combination involving any of the Companys subsidiaries) of the Company or any of its
subsidiaries representing more than 20% of the fair market value of all the assets of the Company
and its subsidiaries, taken as a whole, immediately prior to such transaction.
In addition, during the term of the Stockholders Agreement, the Tendering Stockholders may not
sell, transfer, pledge, encumber, assign, distribute, hypothecate, tender or otherwise dispose of,
including by way of merger, consolidation, share exchange or similar transaction, whether
voluntarily or by operation of law (collectively, a
Transfer), or enforce the provisions of any redemption, share purchase or sale,
recapitalization or other agreement
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with the Company or any other person or enter into any
contract, option or other arrangement or understanding with respect to any Transfer (whether by
actual disposition or effective economic disposition due to hedging, cash settlement or otherwise)
of, any of the Shares beneficially owned by such Stockholder, any Shares acquired by such
Stockholder after the date of the Stockholders Agreement, any securities exercisable or
exchangeable for or convertible into Shares, any other capital stock of the Company or any interest
in any of the foregoing with any person. However, the Tendering Stockholders may Transfer any of
their Shares to any person so long as the transferee agrees, in form and substance satisfactory to
Sprint Nextel, to be bound by and subject to the terms and conditions of the Stockholders Agreement
with respect to such Shares owned by such transferee. In addition, the restrictions described in
the first sentence of this paragraph do not apply to the Restricted Shares.
The Stockholders Agreement will terminate upon the earlier of the consummation of the Merger
and the termination of the Merger Agreement in accordance with its terms. A Tendering Stockholder
may decline to tender or withdraw its tender of Shares if (i) without the prior written consent of
the Tendering Stockholder, Sprint Nextel or Offeror amends the Offer to reduce the price per Share
to be paid to less than the Offer Price, subject to any required withholding taxes, reduces the
number of Shares subject to the Offer, changes the form of consideration payable in the Offer or
amends or modify any term or condition of the Offer in a manner adverse to the Tendering
Stockholders or (ii) any governmental entity has issued a final, nonappealable order, decree or
ruling or taken any other action permanently restraining, enjoining, or otherwise prohibiting the
Tendering Stockholder from tendering its Shares.
Sprint Nextel anticipates that, if the Merger is completed in accordance with the Merger
Agreement, (i) the Company will become a wholly owned subsidiary of Sprint Nextel, (ii) Sprint
Nextel will seek to cause the Shares to be removed from listing on the NASDAQ Global Select Market
and (iii) the Shares will become eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934, as amended (the Exchange Act). Sprint
Nextel intends to seek to cause the Company to terminate the registration of the Shares under the
Exchange Act as soon after consummation of the Offer as the requirements for termination of
registration are met.
The foregoing description of the transactions contemplated by the Merger Agreement, the Offer
to Purchase and the Stockholders Agreement is qualified in its entirety by reference to the
respective documents, copies of which are filed hereto as Exhibits 1, 2 and 3, respectively, each
of which is incorporated herein by reference.
Except as set forth in this Statement, the Stockholders Agreement or the Merger Agreement,
neither Sprint Nextel nor, to the knowledge of Sprint Nextel, any person listed on Schedule I
hereto, has any plans or proposals that relate to or that would result in any of the actions
specified in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
As of the date hereof, Sprint Nextel owns no Shares. For purposes of Rule 13d-3 under the
Securities Exchange Act of 1934, as amended, however, as a result of entering into the Stockholders
Agreement, Sprint Nextel may be deemed to possess beneficial ownership of 1,558,136 Shares
representing approximately 9.4% of the issued and outstanding Shares. The foregoing number
excludes any Shares that may be acquired by Tendering Stockholders after the date of the
Stockholders Agreement; as a result of the Stockholders Agreement, Sprint Nextel may be deemed to
have shared voting power and dispositive power over any such Shares when acquired by such Tendering
Stockholders. Sprint Nextel and the persons listed in Schedule I hereto, however, disclaim
beneficial ownership of such securities, and this Statement shall not be construed as an admission
that Sprint Nextel or any person listed on Schedule I hereto is the beneficial owner for any
purpose of the securities covered by this Statement.
Except as described herein, neither Sprint Nextel nor, to the knowledge of Sprint Nextel, any
person listed on Schedule I hereto, has acquired or disposed of any Shares during the past 60 days.
Parts (d) and (e) of Item 5 are not applicable.
The foregoing description of the Stockholders Agreement is qualified in its entirety by
reference to the Stockholders Agreement, a copy of which is filed hereto as Exhibit 3, which is
incorporated herein by reference.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
The information set forth, or incorporated by reference, in Items 3, 4 and 5 is incorporated
herein by reference. Except as described in this Statement, there are no contracts, arrangements,
understandings or relationship (legal or otherwise) between Sprint Nextel or, to the best of its
knowledge, any of the persons named in Schedule I to this
Statement or between Sprint Nextel and any other person or, to the best of its knowledge, any
person named in
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Schedule I to this Statement and any other person with respect to any securities of
the Company, including, but not limited to, transfer or voting of any securities, finders fees,
joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of
profits or losses, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
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Agreement and Plan of Merger, dated as of October 18, 2009, by and among Sprint Nextel
Corporation, Ireland Acquisition Corporation and iPCS, Inc. (filed as Exhibit 99.1 to Sprint
Nextel Corporations Current Report on Form 8-K filed on October 19, 2009 and incorporated
herein by reference). |
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Offer to Purchase dated October 28, 2009 (filed as Exhibit (a)(1)(A) to Sprint Nextel
Corporations Schedule TO filed on October 28, 2009 and incorporated herein by reference). |
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Stockholders Agreement, dated as of October 18, 2009, by and among Sprint Nextel Corporation,
Apollo Investment Fund IV, L.P., Apollo Overseas Partners IV, L.P., Timothy M. Yager, Stebbins
B. Chandor, Jr., Timothy G. Biltz and Mikal J. Thomsen (filed as Exhibit 99.3 to Sprint Nextel
Corporations Current Report on Form 8-K filed October 19, 2009 and incorporated herein by
reference). |
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this Statement is true, complete and correct.
Date: October 28, 2009
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SPRINT NEXTEL CORPORATION
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By |
/s/ Charles R. Wunsch
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Charles R. Wunsch |
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General Counsel and Corporate Secretary |
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Schedule I
CERTAIN INFORMATION CONCERNING THE
DIRECTORS AND EXECUTIVE OFFICERS OF SPRINT NEXTEL
Directors and Executive Officers of Sprint Nextel. Set forth below are the name, current business
address, citizenship, present principal occupation or employment history (covering a period of not
less than five years) of each executive officer and director of Sprint Nextel. The business
address of each such director and executive officer is: c/o Sprint Nextel Corporation, 6200 Sprint
Parkway, Overland Park, Kansas 66251. All directors and executive officers listed below are
citizens of the United States.
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Directors of Sprint |
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Present Principal Occupation or Employment; Material |
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Positions Held During the Past Five Years |
Robert R. Bennett
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Robert R. Bennett is principal of Hilltop
Investments, a private investment company. Mr.
Bennett served as President of Discovery Holding
Company from March 2005 until September 2008, when
Discovery Communications, Inc. became a public
company. Mr. Bennett also served as President and
CEO of Liberty Media Corporation from April 1997
until August 2005 and continued as President until
March 2006. He was with Liberty Media from its
inception, serving as its principal financial
officer and in various other capacities. Prior to
his tenure at Liberty Media, Mr. Bennett worked
with Tele-Communications, Inc. (TCI) and the Bank
of New York. Mr. Bennett serves as a director of
Discovery Communications, Inc. and Liberty Media
Corporation. Mr. Bennett has served as one of
Sprint Nextels directors since October 2006. |
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Gordon M. Bethune
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Gordon M. Bethune is the retired Chairman and Chief
Executive Officer of Continental Airlines, Inc., an
international commercial airline company. He served
as Chief Executive Officer of Continental Airlines
from 1994 and as Chairman and Chief Executive
Officer from 1996 until December 31, 2004. He is a
director of Honeywell International Inc. and
Prudential Financial, Inc. Mr. Bethune has served
as one of Sprint Nextels directors since March
2004. |
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Larry C. Glasscock
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Larry C. Glasscock is Chairman of the Board of
WellPoint, Inc., a health benefits company. Mr.
Glasscock served as President and Chief Executive
Officer of WellPoint, Inc. from November 2004
(following the merger between Anthem, Inc. and
WellPoint Health Networks Inc.) until June 2007 and
as Chairman of WellPoint, Inc. since November 2005.
Prior to Anthems merger with WellPoint Health
Networks in November 2004, Mr. Glasscock had served
as Anthems President and Chief Executive Officer
since 2001 and also as Anthems Chairman since
2003. He is a director of Zimmer Holdings, Inc. Mr.
Glasscock has served as one of Sprint Nextels
directors since August 2007. |
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James H. Hance, Jr.
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James H. Hance, Jr. is the Senior Advisor of the
Carlyle Group and the Chairman of the Board of
Sprint Nextel. He is the retired Vice Chairman of
Bank of America Corporation, a financial services
holding company. He served as the Vice Chairman of
Bank of America Corporation from 1993 until January
31, 2005 and as the Chief Financial Officer of Bank
of America Corporation from 1988 until April 2004.
He is a director of Cousins Properties
Incorporated, Duke Energy Corporation, and Rayonier
Corporation. Mr. Hance also serves as a Senior
Advisor to The Carlyle Group. Mr. Hance has served
as one of Sprint Nextels directors since February
2005. |
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Daniel R. Hesse
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Daniel R. Hesse is President and Chief Executive
Officer of Sprint Nextel. Before becoming the
President and Chief Executive Officer of Sprint
Nextel on December 17, 2007, Mr. Hesse was
Chairman, President, and Chief Executive Officer of
Embarq Corporation from May 2006 to December 2007.
He served as President of Sprint Nextels local
telecommunications business from June 2005 until
the Embarq spin-off in May 2006. Before that, Mr.
Hesse served as Chairman, President and Chief
Executive Officer of Terabeam Corporation, a
wireless |
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Directors of Sprint |
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Present Principal Occupation or Employment; Material |
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Positions Held During the Past Five Years |
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telecommunications service provider and
technology company, from March 2000 to June 2004.
Prior to serving at Terabeam Corporation, Mr. Hesse
spent 23 years at AT&T during which he held various
senior management positions, including President
and Chief Executive Officer of AT&T Wireless
Services. Mr. Hesse has served as one of Sprint
Nextels directors since December 2007. |
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V. Janet Hill
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V. Janet Hill has been Vice President of Alexander
& Associates, Inc., a corporate consulting firm,
since 1981. Mrs. Hill also serves as a director of
Wendys/Arbys Group, Inc. and Dean Foods, Inc.
Mrs. Hill served as a director of Nextel
Communications, Inc. from November 1999 until its
merger with Sprint Corporation in August 2005, and
she has served as one of Sprint Nextels directors
since 2005. |
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Frank Ianna
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Frank Ianna is Chief Executive Officer and
Director, Attila Technologies LLC, a wireless
communications company. Mr. Ianna retired from AT&T
in 2003 after a 31-year career serving in various
executive positions, most recently as President of
Network Services. Following his retirement, Mr.
Ianna served as a business consultant, executive
and board member for several private and nonprofit
enterprises. Mr. Ianna is a director of Tellabs,
Inc. and Clearwire Corporation. Mr. Ianna has
served as one of Sprint Nextels directors since
March 2009. |
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Sven-Christer Nilsson
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Sven-Christer Nilsson is the owner and founder of
Ripasso AB, Ängelholm, Sweden, a private business
advisory company. Mr. Nilsson serves as an advisor
and board member for companies throughout the
world. He previously served in various executive
positions for The Ericsson Group from 1982 through
1999, including as its President and Chief
Executive Officer from 1998 through 1999. Mr.
Nilsson is a director of Ceva, Inc., Tilgin AB, and
Assa Abloy AB. He serves as the Chairman of Swedish
ICT Research AB, an industrial research institute
in the information technology and communications
field, and as the Chairman of the Swedish Public
Service Broadcasting Foundation. Mr. Nilsson has
served as one of Sprint Nextels directors since
November 2008. Mr. Nilsson is a citizen of Sweden. |
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William R. Nuti
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William R. Nuti is the Chairman of the Board, Chief
Executive Officer and President of NCR Corporation,
a global technology company. Mr. Nuti has served as
Chief Executive Officer and President of NCR since
August 2005, and as Chairman of NCR since October
2007. Before joining NCR, Mr. Nuti had served as
President and Chief Executive Officer of Symbol
Technologies, Inc. from 2003 to 2005, and as
President and Chief Operating Officer of Symbol
Technologies from 2002 to 2003. Mr. Nuti joined
Symbol Technologies in 2002 following more than 10
years at Cisco Systems, where he advanced to the
dual role of senior vice president of the companys
Worldwide Service Provider Operations and senior
vice president of U.S. Theater Operations. Mr. Nuti
has served as one of Sprint Nextels directors
since June 2008. |
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Rodney ONeal
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Rodney ONeal is Chief Executive Officer and
President of Delphi Corporation, a global supplier
of mobile electronics and transportation systems.
Mr. ONeal has served as Chief Executive Officer
and President of Delphi since January 2007. He
previously served as President and Chief Operating
Officer of Delphi from January 2005 until January
2007. In 2000, Mr. ONeal was named Executive Vice
President of the former Safety, Thermal &
Electrical Architecture Sector at Delphi. In 2003,
he was named president of the Dynamics, Propulsion,
and Thermal Sector. Previously, he served in a
variety of domestic and international operating
assignments for both Delphi and its former parent
company, General Motors. He is a director of The
Goodyear Tire & Rubber Company. Mr. ONeal has
served as one of Sprint Nextels directors since
August 2007. |
Page 9 of 11 Pages
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Executive |
|
|
Officers of |
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Present Principal Occupation or Employment; Material |
Sprint Nextel |
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Positions Held During the Past Five Years |
Daniel R. Hesse
President and Chief
Executive Officer
|
|
Daniel R. Hesse is President and Chief Executive
Officer of Sprint Nextel. Before becoming the
President and Chief Executive Officer of Sprint
Nextel on December 17, 2007, Mr. Hesse was
Chairman, President, and Chief Executive Officer of
Embarq Corporation from May 2006 to December 2007.
He served as President of Sprint Nextels local
telecommunications business from June 2005 until
the Embarq spin-off in May 2006. Before that, Mr.
Hesse served as Chairman, President and Chief
Executive Officer of Terabeam Corporation, a
wireless telecommunications service provider and
technology company, from March 2000 to June 2004.
Prior to serving at Terabeam Corporation, Mr. Hesse
spent 23 years at AT&T during which he held various
senior management positions, including President
and Chief Executive Officer of AT&T Wireless
Services. Mr. Hesse has served as one of Sprint
Nextels directors since December 2007. |
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Robert H. Brust
Chief Financial
Officer
|
|
Robert H. Brust is the Chief Financial Officer of
Sprint Nextel. He was appointed Chief Financial
Officer in May 2008. He served as Executive Vice
President and Chief Financial Officer of Eastman
Kodak Company from 2000 to 2007. He also served two
years as Senior Vice President and Chief Financial
Officer of Unisys Corporation. Earlier in his
career, he held a series of operations and finance
leadership positions at General Electric,
concluding his service there as Vice President,
Finance for G.E. Plastics. |
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Keith O. Cowan
PresidentStrategic
Planning and
Corporate
Initiatives
|
|
Keith O. Cowan is the President, Strategic Planning
and Corporate Initiatives of Sprint Nextel. He was
appointed President, Strategic Planning and
Corporate Initiatives of Sprint Nextel in July
2007. He served as Executive Vice President of
Genuine Parts Company from January 2007 to July
2007. He held several key positions with BellSouth
Corporation from 1996 to January 2007, including
Chief Planning and Development Officer, Chief Field
Operations Officer, PresidentMarketing and
Product Management and PresidentInterconnection
Services. He was previously an associate and
partner at the law firm of Alston & Bird LLP. |
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Robert L. Johnson
Chief Service Officer
|
|
Robert L. Johnson is the Chief Service Officer of
Sprint Nextel. He was appointed Chief Service
Officer in October 2007. He served as
PresidentNortheast Region from September 2006 to
October 2007. He served as Senior Vice
PresidentConsumer Sales, Service and Repair from
August 2005 to August 2006. He served as Senior
Vice PresidentNational Field Operations of Nextel
from February 2002 to July 2005. |
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Charles R. Wunsch
General Counsel and
Corporate Secretary
|
|
Charles R. Wunsch is the General Counsel and
Corporate Secretary of Sprint Nextel. He was
appointed General Counsel and Corporate Secretary
in October 2008. He served as Sprint Nextels Vice
President for corporate transactions and business
law and has served in various legal positions at
the company since 1990. He was previously an
associate and partner at the law firm Watson, Ess,
Marshall, and Enggas. |
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Paget A. Alves
President, Business
Markets
|
|
Paget A. Alves is the President, Business Markets
of Sprint Nextel. He was appointed President,
Business Markets in May 2009. He served as
President, Sales and Distribution from March 2008
through May 2009 and as Regional President from
September 2006 through March 2008. He served as
Senior Vice President, Enterprise Markets from
January 2006 through September 2006. He served as
Sprint Nextels President, Strategic Segment from
November 2003 through January 2006. |
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Steven L. Elfman
President, Network
|
|
Steven L. Elfman is the President, Network
Operations and Wholesale of Sprint Nextel. He was
appointed President, Network Operations and Wholesale in May |
Page 10 of 11 Pages
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Executive |
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|
Officers of |
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Present Principal Occupation or Employment; Material |
Sprint Nextel |
|
Positions Held During the Past Five Years |
Operations and
Wholesale
|
|
2008. He served as President and
Chief Operating Officer of Motricity, a mobile data
technology company, from January 2008 to May 2008
and as Executive Vice President of Infospace Mobile
(currently Motricity) from July 2003 to December
2007. He was an independent consultant working with
Accenture Ltd., a consulting company, from May 2003
to July 2003. He served as Executive Vice President
of Operations of Terabeam Corporation, a
Seattle-based communications company, from May 2000
to May 2003, and he served as Chief Information
Officer of AT&T Wireless from June 1997 to May
2000. |
|
|
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Charles L. Hall
Senior Vice
President,
Controller and
Principal Accounting
Officer
|
|
Charles L. Hall is the Senior Vice President,
Controller and Principal Accounting Officer of
Sprint Nextel. He was appointed Senior Vice
President, Controller and Principal Accounting
Officer in March 2009. He served as Senior Vice
President Finance of Sprint Nextel from November
2008 through March 2009. Prior to joining Sprint
Nextel, he served as Vice President and Controller
of Lyondell Chemical Company, a manufacturer of
chemicals and plastics, from September 2001 through
January 2009. On October 13, 2009, Mr. Hall
tendered his resignation to Sprint Nextel from his
position as Senior Vice President, Controller and
Principal Accounting Officer effective November 4,
2009. |
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Robert H. Johnson, Jr.
President, CDMA
Business Unit
|
|
Robert H. Johnson, Jr. is the President of the CDMA
Business Unit of Sprint Nextel, a position he has
held since May 2009. Prior to coming to Sprint
Nextel, Mr. Johnson co-founded and served as chief
operating officer of Sotto Wireless, a wireless
service provider based in Seattle, Washington from
February 2006 to January 2009. Previously, Mr.
Johnson served 16 years as a key executive at AT&T
Wireless including serving as executive vice
president of the companys marketing, sales and
customer service functions. |
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Danny L. Bowman
President, iDEN
Business Unit
|
|
Danny L. Bowman is the President of the iDEN
Business Unit of Sprint Nextel, a position he has
held since June 2008. Mr. Bowman previously served
as Vice President of Wireline and Wireless Data
Product Management from August 2005 to September
2006 and Vice President of Product Marketing from
October 2006 to April 2008. Prior to the merger
between Sprint Corporation and Nextel
Communications, Inc., Mr. Bowman served as Vice
President of Wireless Data Services and various
other executive functions in Sales and Marketing
for Nextel Communications, Inc. from 1995 to July
2005. |
Page 11 of 11 Pages