Market Overview

Verizon Offers Prelim. Results from Holder Vote at Annual Meeting

Related VZ
Apple, Amazon, Tesla And The Changing Dynamics Of The Car Industry
Wells Fargo Downplays M&A Chatter On Charter
Advisory Research Inc Buys Energy Transfer Partners LP, Antero Midstream GP LP, Plains All ... (GuruFocus)

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

Posted-In: News Management Press Releases


Related Articles (VZ)

View Comments and Join the Discussion!