RENTON, Wash. – Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting here today.
Verizon’s shareholders overwhelmingly elected each of Verizon’s 11 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 2018 proxy statement.
All six shareholder proposals were defeated: expand ability to call a special shareholder meeting; issue a lobbying activities report; adopt an independent chair policy; issue a report on the feasibility of incorporating cyber security and data privacy performance metrics into executive incentive compensation; amend executive compensation clawback policy; and change the investment options under the nonqualified savings plan.
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.