Body.
WILMINGTON, Del. - A total of 63 people attended the annual meeting of shareholders in Wilmington, Delaware, on Thursday, May 10.
Voting results indicate that a total of 3,154,667,973 shares of common stock and 70,852,076 shares of Class B Stock with a total aggregate of 5,651,353,427 votes were represented in person or by proxy at the annual meeting. These shares represented 90.5% of all the votes that could have been cast at the annual meeting.
Proposal 1. Election of Directors
Directors Elected:
Proposal 2. The proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm was approved.
Total Votes Cast: 5,651,332,427
For: 99.0%
Against: 1.0%
Abstain: 0.3%
Proposal 3. The non-binding shareholder advisory vote to approve the compensation of the Named Executives was approved.
Total Votes Cast: 4,420,911,291
For: 96.6%
Against: 3.4%
Abstain: 0.6%
Proposal 4. The proposal relating to the adoption of cumulative voting for the election of directors was rejected.
Total Votes Cast: 4,420,910,797
For: 13.7%
Against: 86.3%
Abstain: 0.5%
Proposal 5. The proposal relating to consideration of a recapitalization plan to provide that all of the Company's outstanding stock have one vote per share was rejected.
Total Votes Cast: 4,420,910,286
For: 29.5%
Against: 70.5%
Abstain: 0.5%
Proposal 6. The proposal requesting the Board to allow holders of 10% of outstanding common stock to call special meetings of shareholders was rejected.
Total Votes Cast: 4,420,906,575
For: 19.2%
Against: 80.8%
Abstain: 0.4%