DALLAS--(BUSINESS WIRE)--AT&T Inc.* (NYSE:T) held its annual meeting of stockholders today. At the meeting, Chairman and CEO Randall Stephenson said that following the successful acquisition of Time Warner, now WarnerMedia, the company is executing its strategy and is focused on delivering to customers a unique combination of services that no other company can match. He said AT&T has premium entertainment, news and sports content from iconic brands like HBO, CNN, TNT, TBS and Warner Bros. and more than 370 million direct consumer relationships.1
Stephenson said he expects AT&T to lead a transformation in video. He also expects the company’s video entertainment customers across its current and future platforms combined to grow by the millions over the next five years. This transformation will occur as AT&T expands video content delivery to broadband and prepares to launch a new video-on-demand streaming service built around WarnerMedia content, which is expected to have millions of customers.
The company also announced preliminary votes on items voted at the meeting. Each of the 12 nominees to the company’s board of directors were reelected for one-year terms. Each member received at least 95% of the shares voted. The board members are:
- Randall L. Stephenson
- Samuel A. Di Piazza, Jr.
- Richard W. Fisher
- Scott T. Ford
- Glenn H. Hutchins
- William E. Kennard
- Michael B. McCallister
- Beth E. Mooney
- Matthew K. Rose
- Cynthia B. Taylor
- Laura D'Andrea Tyson
- Geoffrey Y. Yang
Additionally, AT&T stockholders voted to approve the following items proposed by the board of directors:
- The appointment of Ernst & Young LLP as the company’s independent auditors for 2019 (97.3% of votes cast in favor).
- In an advisory vote, the compensation of AT&T’s executive officers, as described in the 2019 proxy statement (91.0% of votes cast in favor).
- A shareholder proposal calling for an independent board chairman was defeated by a large margin, with 59.5% of the votes cast against.
When final voting results are available, they will be filed with the SEC and posted on the AT&T Investor Relations website.
1 Represents cumulative 170 million video-capable consumer relationships across the following services: Postpaid, prepaid and reseller wireless; US and Latin America pay-TV, including DIRECTV NOW; Mexico wireless; and US consumer broadband as well as 200 million unique visitors to digital properties, including CNN.com, HBO NOW®, Otter Media and Bleacher Report.
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia’s HBO, Turner and Warner Bros. divisions are world leaders in creating premium content, operate one of the world’s largest TV and film studios, and own a world-class library of entertainment. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband services. Plus, it serves nearly 3 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T Latin America provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. Xandr provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its AppNexus platform.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2019 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.