AT&T Announces Preliminary Results of 2024 Annual Meeting

Rhea-AI Summary

AT&T (NYSE:T) announced the preliminary results of its 2024 Annual Meeting of Stockholders held virtually in Dallas on May 16, 2024. All 11 nominees for the board of directors were re-elected for a one-year term. Ernst & Young was approved as the company's independent auditors with 95% of the votes. Executive officer compensation was approved with 90.3% of votes. Three stockholder proposals were defeated: adopting an independent board chairman (80.8% against), amending the clawback policy (90.4% against), and issuing a workforce civil liberties report (97.7% against). Final voting results will be filed with the SEC and posted on AT&T's Investor Relations and proxy websites.

Positive

• 11 nominees for the board of directors re-elected for a one-year term.
• Ernst & Young approved as independent auditors with 95% of votes.
• Executive officer compensation approved with 90.3% of votes.

Negative

• Three stockholder proposals were defeated: adopting an independent board chairman (80.8% against), amending clawback policy (90.4% against), issuing a workforce civil liberties report (97.7% against).

AT&T held its annual stockholder meeting. Additional information can be found on the AT&T Investor Relations website.

Key Takeaways:

• AT&T held its annual stockholder meeting on May 16.
• Each of the 11 nominees to the board of directors were re-elected to a one-year term.
• Once final voting results are available, they will be filed with the SEC and posted on the AT&T Investor Relations website and on AT&T's proxy website.

DALLAS, May 16, 2024 /PRNewswire/ -- AT&T Inc.* (NYSE:T) announced the preliminary results of its annual meeting of stockholders, which was virtually held today in Dallas, Texas.

At the meeting, each of the 11 nominees to the company's board of directors were re-elected to a one-year term. Stockholders also voted to approve the appointment of Ernst & Young as the company's independent auditors (95% of votes cast in favor).

In an advisory vote, stockholders approved the compensation of AT&T's executive officers, as described in the 2024 proxy statement (90.3% of votes cast in favor).

Additionally, three proposals submitted by stockholders were defeated:

• The request to adopt an independent board chairman with 80.8% of votes cast against.
• The request to amend the clawback policy for unearned pay for each Named Executive Officer with 90.4% of votes cast against.
• The request to issue a workforce civil liberties report with 97.7% of votes cast against.

When final voting results are available, they will be filed with the SEC and posted on the AT&T Investor Relations website and on AT&T's proxy website.

*About AT&T

We help more than 100 million U.S. families, friends, and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2024 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

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SOURCE AT&T

FAQ

What were the results of AT&T's 2024 Annual Meeting of Stockholders?

All 11 board nominees were re-elected, Ernst & Young was approved as auditors, and executive compensation was approved. Three stockholder proposals were defeated.

When was AT&T's 2024 Annual Meeting of Stockholders held?

The meeting was held on May 16, 2024.

What percentage of votes were cast in favor of Ernst & Young as AT&T's independent auditors?

95% of votes were cast in favor.

How many stockholder proposals were defeated at AT&T's 2024 Annual Meeting?

Three stockholder proposals were defeated.

What was the percentage of votes against adopting an independent board chairman at AT&T's 2024 Annual Meeting?

80.8% of votes were cast against the proposal.