May 10, 2011
Sprint Shareholders Elect Directors; Vote on Proposals at Annual Meeting
OVERLAND PARK, Kan. (BUSINESS WIRE), May 10, 2011 - Sprint (NYSE:S) shareholders elected 10 directors at the company's 2011 annual shareholders’ meeting today, which was held in Overland Park, Kan.
Shareholders voted to elect each of the following nominees for a one-year term: Robert R. Bennett, Gordon M. Bethune, Larry C. Glasscock, James H. Hance, Jr., Daniel R. Hesse, V. Janet Hill, Frank Ianna, Sven-Christer Nilsson, William R. Nuti and Rodney O'Neal. Shareholders also ratified the appointment of KPMG LLP as Sprint's independent auditor for 2011.
In other matters, shareholders approved (by non-binding vote) the compensation of the company's named executive officers, as described in the company's proxy statement, and a proposal to provide stockholders with an advisory vote on named executives’ compensation every year.
A shareholder proposal requesting a change to a voting requirement passed, while two other shareholder proposals, concerning political contributions and the retention of equity awards, did not pass.
All vote tallies are preliminary until certified by an independent inspector of elections.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 51 million customers at the end of 1Q 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Newsweek ranked Sprint No. 6 in its 2010 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.