AT&T Announces Preliminary Results of 2014 Annual Meeting
Press release from the issuing company
Monday, April 28th, 2014
At its annual meeting of stockholders Friday, announced that each of the 13 nominees were reelected to the company's board of directors for one-year terms, with each member receiving at least 95.8 percent of the shares voted. The board members are:
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Additionally, AT&T stockholders voted to approve the following items proposed by the board of directors:
- The appointment of Ernst & Young LLP as the company's independent auditor, with 98.5 percent of shares cast in favor and 1.5 percent cast against.
- In an advisory vote, the compensation of AT&T's executive officers as described in the 2014 proxy statement, with 93.7 percent of shares cast in favor and 6.3 percent cast against.
- The AT&T Severance Policy, with 95.1 percent of shares cast in favor and 4.9 percent cast against.
The following proposals from stockholders were also voted on:
- A proposal asking AT&T to issue a semi-annual report on expenditures for political purposes was defeated by a vote of 75.4 percent against to 24.6 percent in favor.
- A proposal asking that AT&T issue an annual report on lobbying was defeated by a vote of 75.1 percent against to 24.9 percent in favor.
- A proposal asking that AT&T reduce the level of approval required to allow stockholders to act by written consent was defeated by a vote of 59.2 percent against to 40.8 percent in favor.
When final voting results are available, they will be posted on the AT&T Investor Relations website.