Lumen shareholders approve reverse stock split (1:15–1:25) and 2024 equity plan with 43M shares

Lumen Technologies, Inc.

2024 Equity Incentive Plan approved (484.3M for, 33.5M against); authorizes up to 43M shares of common stock.
Reverse stock split authorized at Board's discretion in range of 1-for-15 to 1-for-25 (641.4M for, 68.7M against).
Shareholders approved authorized share reduction, par value elimination, and ratification of KPMG as independent auditor.
All 11 director nominees elected; broker non-votes of ~195M shares on most proposals.
Advisory vote on executive compensation passed (477.9M for, 39.1M against).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Lumen Technologies, Inc. shareholders approved Ratification of appointment of KPMG LLP as independent auditor for 2024 at the 2024-05-15 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-15

Exact text from the filing

(2) The appointment of KPMG LLP as independent auditor for 2024 was ratified with 651,507,776 votes for, 57,824,290 votes against, 6,546,887 abstentions, and 0 broker non-votes.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Lumen Technologies, Inc. shareholders approved Election of directors at the 2024-05-15 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-15

Exact text from the filing

(1) 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 Quincy L. Allen 500,787,673 17,076,412 2,932,149 195,082,719 Martha Helena Bejar 480,704,155 37,256,165 2,835,914 195,082,719 Peter C. Brown 495,327,820 22,504,757 2,963,657 195,082,719 Kevin P. Chilton 501,341,466 16,500,522 2,954,246 195,082,719 Steven T. “Terry” Clontz 499,463,155 18,352,840 2,980,239 195,082,719 Jim Fowler 503,712,740 13,995,667 3,087,827 195,082,719 T. Michael Glenn 499,920,515 17,870,998 3,004,721 195,082,719 Kate Johnson 503,115,600 15,000,946 2,679,688 195,082,719 Hal Stanley Jones 500,974,425 16,817,972 3,003,837 195,082,719 Diankha Linear 502,649,505 15,082,965 3,063,764 195,082,719 Laurie Siegel 492,571,571 25,310,127 2,914,536 195,082,719

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-141826

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