AT&T Inc. (NYSE:T) announced that, at the 26th annual meeting of stockholders, 12 current board members were re-elected to the company’s board of directors for one-year terms. The board members are:
* Randall L. Stephenson
* Gilbert F. Amelio
* Reuben V. Anderson
* James H. Blanchard
* Jaime Chico Pardo
* James P. Kelly
* Jon C. Madonna
* Lynn M. Martin
* John B. McCoy
* Joyce M. Roché
* Laura D'Andrea Tyson
* Patricia P. Upton
Each board member won at least 96.4 percent of the shares voted.
Based on preliminary results, AT&T stockholders voted to approve the following item proposed by the board of directors:
* The ratification of the appointment of Ernst & Young LLP as the company’s independent auditor, with 98.2 percent of shares cast in favor and 1.8 percent cast against.
The following proposals from stockholders were also put to a vote at the meeting:
* A proposal asking AT&T to adopt cumulative voting for directors, which was defeated by a vote of 66.8 percent against to 33.2 percent in favor.
* A proposal asking AT&T to exclude return on pension plan assets in determining performance-based compensation, which was defeated by a vote of 57.9 percent against to 42.1 percent in favor.
* A proposal calling for an advisory vote by stockholders to approve compensation for named executive officers, which was defeated by a vote of 53.4 percent against to 46.6 percent in favor.
* A proposal calling for an amendment to the AT&T bylaws to allow holders of 10 percent of outstanding common shares to request a special stockholder meeting, which was defeated by a vote of 56.6 percent against to 43.4 percent in favor. AT&T’s bylaws currently authorize holders of 15 percent of the outstanding common shares to request a special stockholder meeting.
When final voting results are available, they will be posted on AT&T’s Web site at www.att.com/investor.relations.
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