Gannett Announces Results of Annual Meeting; Board Declares Regular Quarterly Dividend and Approves $100 Million Stock Repurchase Program

MCLEAN, Va.--()--The shareholders of Gannett Co., Inc. (NYSE: GCI) ("Gannett" or the "company") elected Chairman John Jeffry Louis, President and CEO Robert J. Dickey, Matthew W. Barzun, John E. Cody, Stephen W. Coll, Donald E. Felsinger, Lila Ibrahim, Lawrence S. Kramer, Tony A. Prophet, Debra A. Sandler and Chloe R. Sladden to the Board of Directors at the annual meeting held today at the company’s headquarters, with each director receiving at least 98% of the votes cast. The directors were elected to serve one-year terms ending at Gannett’s annual meeting in 2019.

Gannett’s shareholders also overwhelmingly approved the other three proposals presented at the meeting:

  • ratification of the appointment of Ernst & Young as the company’s independent accounting firm for the 2018 fiscal year;
  • approval of an amendment to the company’s 2015 Omnibus Incentive Compensation Plan; and
  • approval, on an advisory basis, of the company’s executive compensation program.

The Board of Directors declared a regular quarterly cash dividend of $0.16 per share, payable on June 25, 2018 to shareholders of record at the close of business on June 11, 2018.

In addition, the Board approved a $100 million, three-year stock repurchase program, which replaces the program approved in July 2015. “We are pleased that the Board approved this new program. As with the prior authorization, we expect to use this program to buy back shares opportunistically to return value to shareholders from time to time as market conditions warrant,” said Robert J. Dickey, president and chief executive officer of Gannett.

About Gannett

Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused media and marketing solutions company committed to strengthening communities across our network. With an unmatched local-to-national reach, Gannett touches the lives of more than 117 million people monthly with our Pulitzer-Prize winning content, consumer experiences and benefits, and advertiser products and services. Gannett brands include USA TODAY NETWORK with the iconic USA TODAY and more than 100 local media brands, digital marketing services companies ReachLocal and SweetIQ, and U.K. media company Newsquest. To connect with us, visit www.gannett.com.

Contacts

For investor inquiries, contact:
Gannett Co., Inc.
Stacy Cunningham
Vice President, Financial Planning & Investor Relations
703-854-3168
investors@gannett.com
or
The Blueshirt Group
Brinlea Johnson
investors@gannett.com
or
For media inquiries, contact:
Gannett Co., Inc.
Amber Allman
Vice President, Corporate Events & Communications
703-854-5358
aallman@gannett.com

Contacts

For investor inquiries, contact:
Gannett Co., Inc.
Stacy Cunningham
Vice President, Financial Planning & Investor Relations
703-854-3168
investors@gannett.com
or
The Blueshirt Group
Brinlea Johnson
investors@gannett.com
or
For media inquiries, contact:
Gannett Co., Inc.
Amber Allman
Vice President, Corporate Events & Communications
703-854-5358
aallman@gannett.com