At the meeting, each of the 10 nominees to the company’s board of directors were re-elected to a one-year term. Stockholders also voted to approve the appointment of Ernst & Young as the company’s independent auditors (95.2% of votes cast in favor).
In advisory votes, stockholders approved the compensation of AT&T’s executive officers, as described in the 2023 proxy statement (92.3% of votes cast in favor), and the frequency with which stockholders vote on executive compensation (95.7% cast in favor of an annual vote).
Additionally, two proposals submitted by stockholders were defeated:
- The request to adopt an independent board chairman policy with 65.6% of votes cast against.
- The request to commission a third-party, independent racial equity audit with 78.5% of votes cast against.