AT&T Updates Stockholders, Announces Preliminary Results of 2019 Annual Meeting
AT&T Inc.* (NYSE:T) held its annual meeting of stockholders today. At the meeting, Chairman and CEO Randall Stephenson said that following the successful acquisition of Time Warner, now WarnerMedia, the company is executing its strategy and is focused on delivering to customers a unique combination of services that no other company can match. He said AT&T has premium entertainment, news and sports content from iconic brands like HBO, CNN, TNT, TBS and Warner Bros. and more than 370 million direct consumer relationships.1
Stephenson said he expects AT&T to lead a transformation in video. He also expects the company’s video entertainment customers across its current and future platforms combined to grow by the millions over the next five years. This transformation will occur as AT&T expands video content delivery to broadband and prepares to launch a new video-on-demand streaming service built around WarnerMedia content, which is expected to have millions of customers.
The company also announced preliminary votes on items voted at the meeting. Each of the 12 nominees to the company’s board of directors were reelected for one-year terms. Each member received at least 95% of the shares voted. The board members are:
- Randall L. Stephenson
- Samuel A. Di Piazza, Jr.
- Richard W. Fisher
- Scott T. Ford
- Glenn H. Hutchins
- William E. Kennard
- Michael B. McCallister
- Beth E. Mooney
- Matthew K. Rose
- Cynthia B. Taylor
- Laura D'Andrea Tyson
- Geoffrey Y. Yang
Additionally, AT&T stockholders voted to approve the following items proposed by the board of directors:
- The appointment of Ernst & Young LLP as the company’s independent auditors for 2019 (97.3% of votes cast in favor).
- In an advisory vote, the compensation of AT&T’s executive officers, as described in the 2019 proxy statement (91.0% of votes cast in favor).
- A shareholder proposal calling for an independent board chairman was defeated by a large margin, with 59.5% of the 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.