Verizon Offers Prelim. Results from Holder Vote at Annual Meeting
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting here today. The company reported that a substantial majority of the shareholders approved the following management proposals:
o Election of each of Verizon's 11 directors standing for election to a one-year term. o Ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm. o Approval of the compensation of the company's executive officers as described in the 2014 proxy statement. o Approval of the proposal to implement proxy access, which allows shareholders to nominate Board candidates under certain conditions.
Five shareholder proposals were defeated: network neutrality, lobbying activities, severance approval policy, shareholder right to call a special meeting and shareholder right to act by written consent. The shareholder proposal relating to proxy voting authority was not presented for shareholder action at the meeting.
Vote tallies are considered preliminary until the final results are tabulated and certified by independent election inspectors. The final results will be posted on Verizon's website at www.verizon.com.
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