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
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
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
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
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
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