Verizon Communications Reports on Preliminary Shareholder Vote Results at
TULSA, Okla., May 2, 2013
TULSA, Okla., May 2, 2013 /PRNewswire/ --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:
oElection of each of Verizon's 13 directors standing for election to a
oRatification of the appointment of Ernst & Young as the company's
independent registered public accounting firm.
oApproval of the compensation of the company's executive officers as
described in the 2013 proxy statement.
oApproval of Verizon's amended Long-Term Incentive Plan.
Of the six shareholder proposals, five were defeated: network neutrality,
lobbying activities, severance approval policy, shareholder right to call a
special meeting and shareholder right to act by written consent.
Shareholders approved a resolution that asks Verizon's Board to adopt a proxy
access bylaw, which would allow shareholders to nominate Board candidates
under certain conditions. Verizon's Board said that it will consider the
outcome of the vote in its ongoing review of the company's corporate
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.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is
a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless
network, with nearly 99 million retail connections nationwide. Verizon also
provides converged communications, information and entertainment services over
America's most advanced fiber-optic network, and delivers integrated business
solutions to customers in more than 150 countries, including all of the
Fortune 500. A Dow 30 company with nearly $116 billion in 2012 revenues,
Verizon employs a diverse workforce of 181,900. For more information, visit
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts, high-quality video and images, and other
information are available at Verizon's online News Center at
newscenter.verizon.com. The news releases are available through an RSS feed.
To subscribe, visit newscenter.verizon.com/corporate/feeds.
SOURCE Verizon Communications Inc.
Contact: Bob Varettoni, 917-734-4156 (cell), email@example.com
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