Gannett Shareholders Re-Elect Board Members, Approve Say on Pay; Board Declares Dividend
McLEAN, VA – Shareholders of Gannett Co., Inc. (NYSE: GCI) today re-elected Chairman Marjorie Magner, President and CEO Gracia Martore, John Cody, Howard Elias, Lidia Fonseca, John Jeffry Louis, Scott McCune, Susan Ness, Tony Prophet and Neal Shapiro to the Board of Directors at the annual meeting held at the company’s headquarters. The directors were elected to serve one-year terms ending at Gannett’s annual meeting in 2016.
Gannett’s shareholders also overwhelmingly approved, by more than 96 percent of the votes cast, an advisory resolution on the compensation of the company’s named executive officers reported in the company’s 2015 proxy statement, ratified the appointment of Ernst & Young as the company’s independent accounting firm for the 2015 fiscal year, approved the performance measures specified in the company’s amended and restated Omnibus Incentive Compensation Plan, and approved an amendment to the company’s charter imposing certain ownership and transfer restrictions on the company’s stock that enhance its ability to remain compliant with FCC regulations.
In addition, Gannett’s shareholders rejected a shareholder’s proposal and supported management’s position relating to the vesting of future equity awards granted to senior executives upon a change in control of the company.
The Board of Directors also declared a regular quarterly dividend of 20 cents per share, payable on July 1, 2015, to shareholders of record on June 5, 2015.
“Gannett is deeply committed to being an innovative, forward-looking company, always ready to adapt to dynamic consumer trends. We continue to consistently delivering great value to our shareholders, as we did with our very strong performance in the first quarter of 2015,” said Martore.
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company that informs and engages more than 115 million people every month through its powerful network of broadcast, digital, mobile and publishing properties. Our portfolio of trusted brands offers marketers unmatched local-to-national reach and customizable, innovative marketing solutions across any platform. Gannett is committed to connecting people – and the companies who want to reach them – with their interests and communities. For more information, visit www.gannett.com.
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