Verizon Communications Reports on Preliminary Shareholder Vote Results at Annual Meeting

HUNTSVILLE, Ala., May 3, 2012 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its 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 11 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 compensation of the company's executive officers as described in the 2012 proxy statement.

In addition, all six shareholder proposals on the ballot were defeated.  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 consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with 93 million retail customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 192,000.  For more information, visit www.verizon.com.  

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news.  To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.

SOURCE Verizon Communications

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