CommScope Stockholders Approve Proxy Proposals

Rhea-AI Summary

CommScope stockholders approved five proxy proposals at the annual meeting, re-elected directors, ratified Ernst & Young LLP as the independent registered public accounting firm, approved executive officers' compensation, and additional shares under the 2019 Long-Term Incentive Plan. Series A Convertible Preferred Stock holders re-elected directors as well.

Positive

• Stockholders showing confidence in the company's leadership by re-electing directors for another term.
• Approval of executive officers' compensation indicates faith in management's performance and alignment with shareholders' interests.
• Approval of additional shares under the Long-Term Incentive Plan can motivate and retain key employees, driving long-term company growth.

Negative

• None.

CLAREMONT, N.C.--(BUSINESS WIRE)-- The stockholders of CommScope Holding Company, Inc., a global leader in network connectivity solutions, approved five proxy proposals today at the company’s annual meeting of stockholders.

CommScope stockholders re-elected Stephen C. Gray, L. William Krause, Joanne M. Maguire, Thomas J. Manning, Derrick A. Roman, Charles L. Treadway, Claudius E. Watts IV and Timothy T. Yates as directors, each for a term ending at the 2025 annual meeting, and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2024 fiscal year. The stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. In addition, the stockholders approved additional shares under the company’s 2019 Long-Term Incentive Plan. Additionally, the holders of Series A Convertible Preferred Stock, voting as a separate class, re-elected Scott H. Hughes and Patrick R. McCarter as directors for a term ending at the 2025 annual meeting.

About CommScope:

CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what’s next and invent what’s possible. Discover more at www.commscope.com.

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Source: CommScope

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509152558/en/

Investor Contact:

Massimo Disabato, CommScope

+1 630-281-3413

Massimo.Disabato@commscope.com

News Media Contact:

publicrelations@commscope.com

Source: CommScope