TEGNA Shareholders Overwhelmingly Approve Re-election of Board Members and Say on Pay at Annual Meeting
McLEAN, VA – Shareholders of TEGNA Inc. (NYSE: TGNA) today overwhelmingly approved the re-election of Board members, an advisory resolution on the compensation of the company’s named executive officers and ratified the appointment of EY as the company’s independent accounting firm for the 2018 fiscal year.
TEGNA shareholders re-elected president and CEO Dave Lougee, Gina Bianchini, Howard Elias, Stuart Epstein, Lidia Fonseca, Scott McCune, Henry McGee, Susan Ness, Bruce Nolop, Neal Shapiro and Melinda Witmer to the Board of Directors at the annual meeting held at the company’s headquarters. As previously announced, following the conclusion of the meeting, Marge Magner retired as Chairman of the Board of Directors and Howard Elias assumed the role of Chairman. Directors will serve one-year terms ending at TEGNA’s annual meeting in 2019.
TEGNA’s shareholders also overwhelming approved an advisory resolution on the compensation of the company’s named executive officers reported in the company’s 2018 proxy statement and ratified the appointment of Ernst & Young as the company’s independent accounting firm for the 2018 fiscal year.
“I want to thank Marge for her many years of outstanding and dedicated service to our company. She has led us through incredible transformation, been an advocate for our employees and championed our purpose-driven culture,” said Lougee. “I want to also congratulate Howard on becoming Chairman. I look forward to this next chapter and know that under Howard’s leadership, we will continue to serve our communities while creating value for shareholders.”
“TEGNA remains a best-in-class operator that is growing through innovation. We deliver value to investors while remaining committed to local journalism and serving the greater good of our communities,” said Lougee. “Our strong balance sheet and solid cash flow allows us to invest in our business as we continue to meet the ever-changing needs of those we serve.”
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. With 47 television stations and two radio stations in 39 markets, TEGNA delivers relevant content and information to consumers across platforms. It is the largest owner of top 4 affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide. Each month, TEGNA reaches 50 million adults on-air and approximately 35 million across its digital platforms. TEGNA has been consistently honored with the industry’s top awards, including Edward R. Murrow, George Polk, Alfred I. DuPont and Emmy Awards. TEGNA delivers results for advertisers through unparalleled and innovative solutions including OTT local advertising network Premion, centralized marketing resource Hatch, and G/O Digital, a one-stop shop for local businesses to connect with consumers through digital marketing. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. For more information, visit www.TEGNA.com.
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