MINNEAPOLIS – 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:
- Election of each of Verizon’s 11 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 compensation of the company’s executive officers as described in the 2015 proxy statement.
All five shareholder proposals were defeated: network neutrality report, political spending report, severance approval policy, stock retention policy and shareholder right to act by written consent.
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.