Verizon Shareholders Affirm Board

Stockholders of Verizon Communications elected the company’s slate of directors and defeated all shareholder proposals. The twelve board candidates were elected to a one-year term and each member received at least 91 percent of the vote.

A proposal by a retirees proxy group to separate the positions of chairman and CEO was defeated with 20 percent affirmative vote. The rejected proposal by the Association of BellTel Retirees was that a chairman be chosen from its independent directors.

Another rejected proposal requested that stock options be eliminated; it only received 9 percent of the vote. A proposal on gender identity nondiscrimination policy only received 17 percent approval.