On March 25, 2024, Verizon Communications Inc announced that it has received a shareholder proposal from The Woodcock Foundation, requesting the Company to annually report, at reasonable expense, on Company?s political and electioneering expenditures, identifying and analyzing incongruence between such expenditures and the Company?s operational and strategic needs and its stated values and policies. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on May 9, 2024.
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