Verizon Communications Reports on Preliminary Shareholder Vote Results at Annual Meeting

LITTLE ROCK, Ark., May 6 /PRNewswire/ -- In announcing preliminary results of the shareholder vote at Verizon Communications Inc.'s annual meeting here today, the company reported that a substantial majority of the shareholders approved the following management proposals:

• Election of each of Verizon's 13 directors standing for election to a one-year term.
• Ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm.
• Approval of the overall executive pay-for-performance compensation policies and procedures employed by the company.

In addition, all shareholder proposals were defeated: prohibit granting stock options; gender identity non-discrimination policy; performance thresholds of performance stock units; shareholder right to call a special meeting; adopt and disclose succession planning policy; shareholder approval of benefits paid after death; and executive stock retention requirements.

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

Verizon Communications Inc. (NYSE, NASDAQ: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving nearly 93 million customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world.  A Dow 30 company, Verizon employs a diverse workforce of more than 217,000 and last year generated consolidated revenues of more than $107 billion.  For more information, visit www.verizon.com.

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SOURCE Verizon Communications Inc.