Verizon Communications Reports on Preliminary Shareholder Vote Results at Annual Meeting

In announcing preliminary results of the shareholder vote at Verizon Communications Inc.'s annual meeting here today, the company reported that a substantial majority of the shareholders approved the following management proposals:

  • Election of each of Verizon's 13 directors standing for election to a one-year term.
  • Ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm.
  • Approval of the overall executive pay-for-performance compensation policies and procedures employed by the company.

In addition, all shareholder proposals were defeated: prohibit granting stock options; gender identity non-discrimination policy; performance thresholds of performance stock units; shareholder right to call a special meeting; adopt and disclose succession planning policy; shareholder approval of benefits paid after death; and executive stock retention requirements.

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.