LINCOLN, Neb. - In announcing preliminary results of the shareholder vote at Verizon Communications Inc.'s annual meeting here today, the company reported that shareholders approved the election of each of Verizon's 12 directors standing for election to a one-year term. Each director received 91 percent or more of the vote.
With a 97 percent vote, shareholders also ratified the appointment of Ernst & Young as the company's independent auditor.
All shareholder proposals were defeated. They received the following affirmative votes: eliminate stock options, 9 percent; gender identity nondiscrimination policy, 17 percent; and separate offices of chairman and CEO, 20 percent.
Vote tallies are considered preliminary until the final results are tabulated and certified by independent election inspectors.