Verizon Communications Inc. 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 13 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 2013 proxy statement.
o Approval of Verizon's amended Long-Term Incentive Plan.
Of the six shareholder proposals, five were defeated: network neutrality,
lobbying activities, severance approval policy, shareholder right to call a
special meeting and shareholder right to act by written consent.
Shareholders approved a resolution that asks Verizon's Board to adopt a proxy
access bylaw, which would allow shareholders to nominate Board candidates
under certain conditions. Verizon's Board said that it will consider the
outcome of the vote in its ongoing review of the company's corporate
governance practices.
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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in