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T AT&T

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) April 23, 2020

 

AT&T INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-08610

 

43-1301883

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

   

208 S. Akard St., Dallas, Texas

 

75202

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code (210) 821-4105

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Shares (Par Value $1.00 Per Share)

 

T

 

New York Stock Exchange

Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A

 

T PRA

 

New York Stock Exchange

Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C

 

T PRC

 

New York Stock Exchange

AT&T Inc. Floating Rate Global Notes due August 3, 2020

 

T 20C

 

New York Stock Exchange

AT&T Inc. 1.875% Global Notes due December 4, 2020

 

T 20

 

New York Stock Exchange

AT&T Inc. 2.650% Global Notes due December 17, 2021

 

T 21B

 

New York Stock Exchange

AT&T Inc. 1.450% Global Notes due June 1, 2022

 

T 22B

 

New York Stock Exchange

AT&T Inc. 2.500% Global Notes due March 15, 2023

 

T 23

 

New York Stock Exchange

AT&T Inc. 2.750% Global Notes due May 19, 2023

 

T 23C

 

New York Stock Exchange

AT&T Inc. Floating Rate Global Notes due September 5, 2023

 

T 23D

 

New York Stock Exchange

AT&T Inc. 1.050% Global Notes due September 5, 2023

 

T 23E

 

New York Stock Exchange

AT&T Inc. 1.300% Global Notes due September 5, 2023

 

T 23A

 

New York Stock Exchange

AT&T Inc. 1.950% Global Notes due September 15, 2023

 

T 23F

 

New York Stock Exchange

AT&T Inc. 2.400% Global Notes due March 15, 2024

 

T 24A

 

New York Stock Exchange

AT&T Inc. 3.500% Global Notes due December 17, 2025

 

T 25

 

New York Stock Exchange

AT&T Inc. 0.250% Global Notes due March 4, 2026

 

T 26E

 

New York Stock Exchange

AT&T Inc. 1.800% Global Notes due September 5, 2026

 

T 26D

 

New York Stock Exchange

AT&T Inc. 2.900% Global Notes due December 4, 2026

 

T 26A

 

New York Stock Exchange

AT&T Inc. 2.350% Global Notes due September 5, 2029

 

T 29D

 

New York Stock Exchange

AT&T Inc. 4.375% Global Notes due September 14, 2029

 

T 29B

 

New York Stock Exchange

AT&T Inc. 2.600% Global Notes due December 17, 2029

 

T 29A

 

New York Stock Exchange

AT&T Inc. 0.800% Global Notes due March 4, 2030

 

T 30B

 

New York Stock Exchange

AT&T Inc. 3.550% Global Notes due December 17, 2032

 

T 32

 

New York Stock Exchange

AT&T Inc. 5.200% Global Notes due November 18, 2033

 

T 33

 

New York Stock Exchange

AT&T Inc. 3.375% Global Notes due March 15, 2034

 

T 34

 

New York Stock Exchange

AT&T Inc. 2.450% Global Notes due March 15, 2035

 

T 35

 

New York Stock Exchange

AT&T Inc. 3.150% Global Notes due September 4, 2036

 

T 36A

 

New York Stock Exchange

AT&T Inc. 1.800% Global Notes due September 14, 2039

 

T 39B

 

New York Stock Exchange

AT&T Inc. 7.000% Global Notes due April 30, 2040

 

T 40

 

New York Stock Exchange

AT&T Inc. 4.250% Global Notes due June 1, 2043

 

T 43

 

New York Stock Exchange

AT&T Inc. 4.875% Global Notes due June 1, 2044

 

T 44

 

New York Stock Exchange

AT&T Inc. 4.000% Global Notes due June 1, 2049

 

T 49A

 

New York Stock Exchange

AT&T Inc. 4.250% Global Notes due March 1, 2050

 

T 50

 

New York Stock Exchange

AT&T Inc. 5.350% Global Notes due November 1, 2066

 

TBB

 

New York Stock Exchange

AT&T Inc. 5.625% Global Notes due August 1, 2067

 

TBC

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 


ITEM 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 23, 2020, the Board of Directors (the “Board”) of AT&T Inc. (the “Company”) adopted a resolution that effective June 1, 2020, the size of the Board would increase from 13 to 14 members and John Stankey, the Company’s President and Chief Operating Officer, would be elected a Director to fill the resulting vacancy. Mr. Stankey will not receive any separate compensation for his service as a Director of the Company. In addition, effective July 1, 2020, the Board appointed Mr. Stankey to be Chief Executive Officer and President and Randall Stephenson to be Executive Chairman of the Board. Mr. Stephenson announced his intention to serve as Executive Chairman of the Board until his retirement from the Company in January 2021.

John Stankey, age 57, has served as President and COO of AT&T Inc. since October 2019, overseeing AT&T Communications, WarnerMedia, and Xandr. Since June 2018, he has led WarnerMedia, which creates premium content, operates the world’s largest TV and film studio, and owns a world-class library of entertainment. Mr. Stankey has held various roles during his 33 years of service with the Company, including CEO-AT&T Entertainment Group; Chief Strategy Officer; President and CEO of AT&T Business Solutions; President and CEO of AT&T Operations; Group President-Telecom Operations; Chief Technology Officer; and Chief Information Officer.

ITEM 5.07Submission of Matters to a Vote of Security Holders

Annual Meeting of Stockholders

The 2020 Annual Meeting of the stockholders of the Company was held on April 24, 2020, in Dallas Texas. Stockholders representing 5,783,283,232 shares, or 80.51%, of the 7,183,094,547 common shares outstanding as of the February 26, 2020, record date were present in person or were represented at the meeting by proxy. Final voting results are shown below.

Each matter was determined by a majority of votes cast, except that the advisory approval of executive compensation was a non-binding proposal.

Election of Directors

The following Directors were elected by the affirmative vote of a majority of the votes cast.

 

Votes Cast For

  

Votes Cast Against

  

  

 

Nominee for Director

 

Number

  

% of
Votes
Cast

  

Number

  

% of
Votes
Cast

  

Abstain

  

Broker

Non-Votes

 

Randall L. Stephenson

  

3,730,425,846

   

93.48

%  

260,051,394

   

6.52

%  

46,310,937

   

1,746,494,280

 

Samuel A. DiPiazza, Jr.

  

3,894,097,589

   

97.11

%  

115,768,521

   

2.89

%  

26,920,990

   

1,746,494,280

 

Richard W. Fisher

  

3,891,963,238

   

97.06

%  

118,076,689

   

2.94

%  

26,748,250

   

1,746,494,280

 

Scott T. Ford

  

3,900,742,528

   

97.28

%  

108,969,001

   

2.72

%  

27,076,648

   

1,746,494,280

 

Glenn H. Hutchins

  

3,966,750,576

   

98.93

%  

42,749,547

   

1.07

%  

27,288,054

   

1,746,494,280

 

William E. Kennard

  

3,865,367,460

   

96.40

%  

144,484,720

   

3.60

%  

26,936,768

   

1,746,494,280

 

Debra L. Lee

  

3,928,592,877

   

97.93

%  

82,946,151

   

2.07

%  

25,249,870

   

1,746,494,280

 

Stephen J. Luczo

  

3,964,388,018

   

98.88

%  

44,750,072

   

1.12

%  

27,650,862

   

1,746,494,280

 

Michael B. McCallister

  

3,896,248,247

   

97.18

%  

113,234,342

   

2.82

%  

27,306,362

   

1,746,494,280

 

Beth E. Mooney

  

3,843,900,404

   

95.83

%  

167,269,112

   

4.17

%  

25,618,090

   

1,746,494,280

 

Matthew K. Rose

  

3,697,609,447

   

92.73

%  

290,071,377

   

7.27

%  

49,108,127

   

1,746,494,280

 

Cynthia B. Taylor

  

3,913,226,302

   

97.54

%  

98,528,553

   

2.46

%  

25,034,096

   

1,746,494,280

 

Geoffrey Y. Yang

  

3,898,187,903

   

97.21

%  

111,960,013

   

2.79

%  

26,641,036

   

1,746,494,280

 


Proposals Submitted by Board of Directors

The ratification of the appointment of Independent Auditors received the affirmative vote of a majority of the votes cast and was passed. The advisory approval of executive compensation also received the affirmative vote of a majority of the votes cast in a non-binding vote.

 

Votes Cast For

  

Votes Cast Against

  

  

 

Proposal

 

Number

  

% of
Votes
Cast

  

Number

  

% of
Votes
Cast

  

Abstain

  

Broker

Non-Votes

 

Ratification of appointment of Independent Auditors

  

5,511,392,342

   

95.83

   

240,106,750

   

4.17

   

31,777,340

   

0

 

Advisory approval of executive compensation

  

3,341,523,615

   

87.84

   

462,366,287

   

12.16

   

232,891,955

   

1,746,494,280

 

Proposals Submitted by Stockholders

The following proposals failed to receive the affirmative vote of the majority of votes cast and were defeated.

 

Votes Cast For

  

Votes Cast Against

  

  

 

Proposals

 

Number

  

% of
Votes
Cast

  

Number

  

% of
Votes
Cast

  

Abstain

  

Broker

Non-Votes

 

Independent Chair

  

1,601,790,880

   

40.15

   

2,387,502,620

   

59.85

   

47,483,338

   

1,746,494,280

 

Employee Representative Director

  

304,115,807

   

7.64

   

3,677,748,257

   

92.36

   

54,920,586

   

1,746,494,280

 

Improve Guiding Principles of Executive Compensation

  

347,352,271

   

8.72

   

3,633,837,008

   

91.28

   

55,587,680

   

1,746,494,280

 


Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

AT&T INC.

       

Date: April 28, 2020

 

 

By:

 

/s/ George B. Goeke

 

 

 

George B. Goeke

 

 

 

Senior Vice President and Treasurer