Verizon reports preliminary results of shareholder vote at 2025 annual meeting

Rhea-AI Summary

Verizon (NYSE: VZ) held its 2025 annual shareholder meeting virtually, announcing preliminary voting results. Shareholders elected all 10 directors for one-year terms and approved two management proposals: the compensation package for named executive officers and the ratification of Ernst & Young LLP as the independent auditor. Three shareholder proposals were defeated, including requests for reports on climate lobbying alignment and lead-sheathed cables, as well as an assessment of discrimination risks in advertising services.

The company, which generated revenues of $134.8 billion in 2024, will post final voting results on its investor website once tabulated and certified by independent election inspectors.

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BASKING RIDGE, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format.

Verizon’s shareholders elected each of Verizon’s 10 directors to a one-year term. Shareholders also voted in favor of two management proposals:

• Approved the compensation of the company’s named executive officers as described in the 2025 proxy statement; and
• Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm.

All three shareholder proposals were defeated: issue report on climate lobbying alignment; issue report on lead-sheathed cables; and assess risks related to discrimination in advertising services.

Vote tallies are considered preliminary until the final results are tabulated and certified by independent inspectors of election. The final results will be posted on Verizon’s website at www.verizon.com/about/investors.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contacts:
Jamie Serino
jamie.serino@verizon.com                                           

Adi Wineland
aditya.wineland@verizon.com

FAQ

What were the key results of Verizon's 2025 annual shareholder meeting?

At Verizon's 2025 annual meeting, shareholders elected all 10 directors, approved executive compensation, ratified Ernst & Young as auditors, and defeated three shareholder proposals related to climate lobbying, lead-sheathed cables, and advertising discrimination risks.

How much revenue did Verizon (VZ) generate in 2024?

Verizon generated revenues of $134.8 billion in 2024.

What shareholder proposals were defeated at Verizon's 2025 annual meeting?

Three shareholder proposals were defeated: a report on climate lobbying alignment, a report on lead-sheathed cables, and an assessment of risks related to discrimination in advertising services.

How many directors were elected at Verizon's 2025 shareholder meeting?

Shareholders elected all 10 Verizon directors to one-year terms at the 2025 annual meeting.