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CommScope’s stockholders approved five proxy proposals at the annual meeting. Directors re-elected include Mary S. Chan and Timothy T. Yates, each serving until the 2023 annual meeting. Ernst & Young LLP was ratified as the independent public accounting firm for the 2022 fiscal year. The stockholders also backed executive compensation on a non-binding advisory basis and approved additional shares under the 2019 Long-Term Incentive Plan. Series A Convertible Preferred Stockholders re-elected Mindy Mackenzie and Patrick R. McCarter as directors.
Positive
Directors re-elected for a term ending in 2023 enhances company stability.
Ratification of Ernst & Young LLP boosts investor confidence in financial oversight.
Approval of additional shares under the 2019 Long-Term Incentive Plan aligns executive interests with shareholder goals.
Negative
None.
HICKORY, 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 Mary S. Chan, Stephen C. Gray, L. William Krause, Derrick A. Roman, Charles L. Treadway, Claudius E. Watts IV and Timothy T. Yates as directors, each for a term ending at the 2023 annual meeting, and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2022 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 Mindy Mackenzie and Patrick R. McCarter as directors for a term ending in 2023.
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.
What were the results of CommScope's annual meeting on May 6, 2022?
CommScope's stockholders approved five proxy proposals, re-elected directors, and ratified Ernst & Young LLP as the independent public accounting firm for 2022.
Who were re-elected as directors at CommScope's annual meeting?
Directors re-elected include Mary S. Chan, Stephen C. Gray, L. William Krause, Derrick A. Roman, Charles L. Treadway, Claudius E. Watts IV, and Timothy T. Yates.
What is the significance of the stockholders approving the Long-Term Incentive Plan at CommScope?
The approval of additional shares under the Long-Term Incentive Plan aligns executive compensation with the interests of shareholders.
Who is the contact for investor relations at CommScope?
Michael McCloskey is the contact for investor relations at CommScope.
What does the ratification of Ernst & Young LLP mean for CommScope?
The ratification signifies investor confidence in CommScope's financial reporting and oversight.
