ORLANDO, Fla., May 02, 2019 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting here today.
Verizon’s shareholders elected each of Verizon’s 10 directors to a one-year term. Shareholders also voted in favor of two management proposals:
- ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm, and
- approved the compensation of the company’s named executive officers as described in the 2019 proxy statement.
All five shareholder proposals were defeated: eliminate an investment option under the nonqualified savings plan; adopt an independent chair policy; issue a report on the potential online exploitation of children; issue a report on the feasibility of incorporating cyber security and data privacy performance metrics into executive incentive compensation; and amend the company’s existing policy providing for shareholder approval of executive severance arrangements.
Vote tallies are considered preliminary until the final results are tabulated and certified by independent inspectors of election. The final results will be posted on Verizon’s website at www.verizon.com.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated revenues of $130.9 billion in 2018. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. With brands like Yahoo, TechCrunch and HuffPost, the company’s media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizon’s corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.
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