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AT&T Stockholders Reelect 11 Nominees To Board - Quick Facts

AT&T Inc.(T) announced that, at its annual meeting of stockholders, each of the 11 nominees were reelected to the company's board of directors for one-year terms, with each member receiving at least 96.3 percent of the shares voted.

The board members are Randall Stephenson, Jon Madonna, Gilbert Amelio, John McCoy, Reuben Anderson, Joyce Roche, James Blanchard, Matthew Rose, Jaime Chico Pardo, Laura D'Andrea Tyson, James Kelly.

Additionally, AT&T stockholders voted to approve the certain items proposed by the board of directors. 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 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. Under Delaware law, the amendment to the certificate of incorporation requires the approval of at least two-thirds of the outstanding shares. This proposal received the approval of 50.9 percent of shares outstanding and did not pass, the company said.

The company noted that 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, the company said.

The company added that 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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