Verizon elects Recognize Partners co-founder Charles Phillips to board

Verizon added a private-equity operator to its board. In a Tuesday Form 8-K, the company said its board of directors on Sept. 25 elected Charles Phillips, co-founder and managing partner of Recognize Partners LP, as a director, effective that day. Shares last closed Tuesday at $45.98, down about 1.5% on the session and up roughly 14% year to date.

As a director, Phillips will participate in the compensation program that applies to all non-employee Verizon directors, described under “Non-Employee Director Compensation” in Verizon’s definitive proxy statement on Schedule 14A filed April 6, 2026. The 8-K said he has not yet been named to a board committee.

The filing reports the election under Item 5.02 and does not disclose other officer changes in the same report.

By the numbers

• Effective date: Sept. 25, 2026
• Role: Director (committee assignment not yet named)
• Compensation: standard non-employee director program (per April 6, 2026 proxy)
• VZ Tuesday close: $45.98 (−1.5% day; +13.5% YTD)

Sources

1. Verizon Communications Inc. Form 8-K (Item 5.02), accepted Sept. 29, 2026 4:15:46 p.m. ET, accession 0001193125-26-407520

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.