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Verizon reports preliminary 2026 annual meeting votes, with climate and board-chair proposals defeated
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 7, 4:39 AM EDT

Verizon reports preliminary 2026 annual meeting votes, with climate and board-chair proposals defeated

Shareholders re-elected Verizon’s nine director nominees to one-year terms and approved key management proposals, while two climate- and governance-focused shareholder measures failed.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Verizon Communications Inc. reported preliminary results from its 2026 annual meeting of shareholders held virtually on May 21, 2026, confirming that shareholders elected all nine of the company’s director nominees to one-year terms. The company also said shareholders voted in favor of three management proposals covering executive compensation, a long-term incentive plan, and the ratification of Ernst & Young LLP as Verizon’s independent registered public accounting firm.

Verizon said the meeting’s vote tallies were preliminary until final results are tabulated and certified by independent inspectors of election. The company stated that the final results would be posted on its website at the investor relations voting results page.

On the management side, Verizon’s shareholders approved the compensation of its named executive officers as described in the 2026 proxy statement, and they backed Verizon’s 2026 long-term incentive plan. The long-term incentive plan is designed to grant equity or other long-horizon awards meant to align executive pay with longer-term company performance, rather than short-term results.

Shareholders also ratified Ernst & Young LLP, Verizon’s independent registered public accounting firm. This type of vote typically serves as an annual confirmation of the firm responsible for auditing a public company’s financial statements.

Verizon reported that two shareholder proposals were defeated. One measure would have required a report on board oversight of material issues related to climate change. The other sought to adopt a mandatory policy calling for an independent board chair.

In addition, Verizon said a separate shareholder proposal related to the risks of “non-fiduciary executive compensation metrics” was withdrawn by the proponent and therefore was not presented at the annual meeting.

While the May 21 announcement focused on preliminary outcomes, Verizon’s investor relations voting-results page provides vote percentages. It shows shareholders approved the executive compensation management proposal with 87.11% of votes cast in favor and 12.89% against. For the shareholder proposals, the climate oversight report drew 16.34% support (83.66% against), and the independent board chair proposal received 15.87% support (84.13% against).

The preliminary announcement did not provide detailed vote totals for the director elections or the exact number of votes cast for each director nominee. It also left open the final certified results pending independent inspection and tabulation, which Verizon said it would post after certification. Until those final tabulations are published, the preliminary release provides direction on which governance and compensation items passed or failed, but not the complete voting breakdown for board seats.

Why It Matters

  • The votes show broad shareholder support for Verizon’s executive compensation approach and its long-term incentive framework, an area that often becomes a focal point during annual proxy seasons.
  • The defeat of climate-oversight and independent-chair proposals suggests limited backing for certain governance policy changes from the shareholders who participated in these votes.
  • Because the results were described as preliminary pending certification, investors and governance observers will look for final, certified tallies and any additional disclosures in subsequent filings or postings.
  • The outcome may influence how future shareholder proposals are drafted and whether similar climate and board-leadership measures gain traction at Verizon in later years.

Sources

Key Facts

  • Verizon held its 2026 annual meeting on May 21, 2026 in a virtual-only format.
  • Shareholders elected all nine Verizon director nominees to one-year terms.
  • Shareholders approved three management proposals: named executive officer compensation, the 2026 long-term incentive plan, and ratification of Ernst & Young LLP as independent auditor.
  • Two shareholder proposals were defeated, including measures addressing climate-change oversight reporting and a mandatory independent board chair policy.
  • Verizon said a separate shareholder proposal on risks of non-fiduciary executive compensation metrics was withdrawn and not presented.
  • Verizon said the vote tallies were preliminary until final tabulation and certification by independent inspectors of election.

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Verizon reports preliminary 2026 annual meeting votes, with climate and board-chair proposals defeated | The Apex Times