8-K
filed May 13, 2024, 7:59 PM ET
ticker VZ
CIK 0000732712
other
confidence high
sentiment neutral
materiality 0.15
Verizon 2024 annual meeting results: all directors elected, all shareholder proposals defeated
VERIZON COMMUNICATIONS INC
- Director nominees elected with majority support; Hans Vestberg received 237.5M votes against (about 9% of votes cast).
- Advisory vote on executive compensation approved with 2.45B for vs 245.8M against.
- Ratification of Ernst & Young as auditor passed with 3.18B for.
- All 7 shareholder proposals defeated, including independent board chair and political contributions study.
- Shareholder proposal on lobbying report received 923M for (34.6% of votes cast) - highest support.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for 2024 at the 2024-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
The appointment of Ernst & Young LLP as independent registered public accounting firm for 2024 was ratified with 3,182,061,082 votes for, 178,694,259 votes against and 76,342,091 abstentions.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Lead-sheathed cable report at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding a lead-sheathed cable report was defeated with 388,696,949 votes for, 2,269,452,984 votes against, 59,860,273 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Amendment to the clawback policy at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding an amendment to the clawback policy was defeated with 878,127,232 votes for, 1,800,571,410 votes against, 39,311,564 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Prohibition on political contributions study at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding a prohibition on political contributions study was defeated with 167,023,454 votes for, 2,442,434,158 votes against, 108,552,594 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Civil liberties in digital services at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding civil liberties in digital services was defeated with 123,051,316 votes for, 2,536,867,542 votes against, 58,091,348 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Political expenditures misalignment at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding political expenditures misalignment was defeated with 464,605,493 votes for, 2,207,013,084 votes against, 46,391,629 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Lobbying activities report at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding a lobbying activities report was defeated with 923,157,397 votes for, 1,741,639,843 votes against, 53,212,966 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders approved Election of Directors at the 2024-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
The following nominees were elected to serve on the Board of Directors: Name of Nominee Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Shellye Archambeau 2,547,013,517 155,719,182 15,277,507 719,087,226 Roxanne Austin 2,585,748,112 115,994,238 16,267,856 719,087,226 Mark Bertolini 2,637,892,483 64,910,590 15,207,133 719,087,226 Vittorio Colao 2,623,944,181 75,099,199 18,966,826 719,087,226 Laxman Narasimhan 2,602,890,886 96,316,762 18,802,558 719,087,226 Clarence Otis, Jr. 2,533,372,347 168,228,285 16,409,574 719,087,226 Daniel Schulman 2,633,651,503 68,360,157 15,998,546 719,087,226 Rodney Slater 2,548,099,728 151,934,947 17,975,531 719,087,226 Carol Tomé 2,662,396,696 39,875,559 15,737,951 719,087,226 Hans Vestberg 2,452,429,353 237,522,878 28,057,975 719,087,226
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders rejected Independent Board chair at the 2024-05-09 meeting.
- Outcome
- failed
- Meeting
- 2024-05-09
Exact text from the filing
The shareholder proposal regarding an independent Board chair was defeated with 1,165,666,210 votes for, 1,531,019,039 votes against, 21,324,957 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
VERIZON COMMUNICATIONS INC shareholders approved Advisory vote to approve executive compensation at the 2024-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
The proposal regarding the advisory vote to approve executive compensation was approved with 2,451,280,357 votes for, 245,825,042 votes against, 20,904,807 abstentions and 719,087,226 broker non-votes.
View on SEC.gov
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