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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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