SHENANDOAH TELECOMMUNICATIONS CO/VA/ 8-K

What Happened
Shenandoah Telecommunications Company (SHEN) filed an 8-K disclosing that board member James F. DiMola resigned from the Board effective June 8, 2026. The Company stated his resignation was not due to any disagreement with the Company’s operations, policies, or practices. Mr. DiMola had been serving as the Investor Director under the Investor Rights Agreement dated April 1, 2024, with LIF Vista, LLC (an affiliate of GCM Grosvenor).

Pursuant to that Investor Rights Agreement, the Board appointed Matthew D. Rinklin, recommended by the Investor, to fill the vacancy effective June 8, 2026. Mr. Rinklin is a Managing Director at GCM Grosvenor L.P., was unanimously approved by the Board, will serve as a Class 3 director until the 2027 annual meeting, and was appointed to the Nominating and Corporate Governance Committee. He will receive standard director compensation per the Company’s policies.

Key Details

• James F. DiMola resigned from the Board, effective June 8, 2026; resignation not due to any disagreement with the Company.
• Matthew D. Rinklin (Managing Director, GCM Grosvenor L.P.) was appointed June 8, 2026 as the Investor Director.
• Rinklin will serve as a Class 3 director through the 2027 annual meeting and join the Nominating and Corporate Governance Committee.
• Appointment made under the Investor Rights Agreement (dated April 1, 2024) with LIF Vista, LLC; director compensation follows existing Company policy.

Why It Matters
This filing documents a board-level change tied to the Company's investor agreement with an affiliate of GCM Grosvenor. For investors, the replacement preserves the investor’s board representation and may influence board oversight and governance given the new director’s affiliation. The filing contains no operational, financial, or dispute-related disclosures tied to the resignation.