AT&T Announces Its 11 Nominees Were Re-elected On Company’s Board For One Year Term

Posted on Apr 28 2012 - 4:49am by Editorial Staff

At its annual meeting of stockholders, AT&T has announced that each of the 11 nominees were re-elected to the company’s board of directors for one-year terms, with each member receiving at least 96.3 percent of the shares voted. Additionally, AT&T stockholders voted to approve the the appointment of Ernst & Young LLP as the company’s independent auditor, with 98.4 percent of shares cast in favor and 1.6 percent cast against. The compensation of AT&T’s executive officers as described in the 2012 proxy statement, with 93.2 percent of shares cast in favor and 6.8 percent cast against. The board of directors also proposed a fourth item — an amendment to the company’s certificate of incorporation to eliminate the article requiring the approval of two-thirds of the outstanding shares for action by written consent.

The following proposals from stockholders were also voted on:

  • A proposal asking AT&T to issue a semi-annual report on political contributions and the policies and procedures for making such contributions was defeated by a vote of 61.4 percent against to 38.6 percent in favor.
  • A proposal asking that AT&T commit to operating its wireless network without the ability to privilege, degrade or prioritize any traffic was defeated by a vote of 94.1 percent against to 5.9 percent in favor.
  • A proposal asking that AT&T adopt a policy that the chairman of the board be an independent director was defeated by a vote of 56.2 percent against to 43.8 percent in favor.
About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.