Attached files
| file | filename |
|---|---|
| 8-K - ALTEVA, INC. | v221042_8-k.htm |
Exhibit 99.1
Press Release
Warwick Valley Telephone Announces Final Vote Results and Committee Assignments
(Warwick, NY, May 5, 2011) Warwick Valley Telephone Company (Nasdaq: WWVY) (the "Company") announced today the final certified results of the votes at its 2011 Annual Meeting of shareholders, held Friday, April 29, 2011. The following directors were elected for one year terms: Jeffrey D. Alario, Duane W. Albro, Douglas B. Benedict, Kelly C. Bloss, Robert J. DeValentino, Thomas H. Gray, and Douglas J. Mello. The shareholders approved the selection of WithumSmith+Brown, P.C. as the Company’s independent accountants for the year ending December 31, 2011.
Matters voted on at the meeting and the results of each vote are as follows:
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Votes For
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Votes Against
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Abstain
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Broker Non-Votes
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|||
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Proposal I
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To fix the number of directors at seven until the next annual meeting of shareholders.
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4,421,636
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227,607
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24,417
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0
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|
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Votes For
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Authority Withheld
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Broker Non-Votes
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||||
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Proposal II
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Election of directors:
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|||||
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Jeffrey D. Alario
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3,013,932
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104,388
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1,555,340
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|||
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Duane W. Albro
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3,016,339
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101,981
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1,555,340
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|||
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Douglas B. Benedict
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3,009,213
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109,107
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1,555,340
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|||
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Kelly C. Bloss
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2,997,737
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120,583
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1,555,340
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|||
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Robert J. DeValentino
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3,016,189
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102,131
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1,555,340
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|||
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Thomas H. Gray
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2,997,516
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120,804
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1,555,340
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|||
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Douglas J. Mello
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3,003,477
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114,843
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1,555,340
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|||
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Votes For
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Votes Against
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Abstain
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Broker Non-Votes
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|||
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Proposal III
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To approve the Amended and Restated Warwick Valley Telephone Company 2008 Long-Term Incentive Plan
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2,642,047
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400,998
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75,275
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1,555,340
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Votes For
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Votes Against
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Abstain
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Broker Non-Votes
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|||
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Proposal IV
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To approve, on an advisory basis, the compensation of our named executive officers
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2,646,643
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419,975
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51,702
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1,555,340
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|
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Votes for 1 Year
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Votes for 2 Years
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Votes for 3 Years
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Abstain
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Broker Non-Votes
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||
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Proposal V
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To recommend, on an advisory basis, the frequency of shareholder advisory votes on the compensation of our named executive officers.
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2,867,965
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85,606
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116,069
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48,680
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1,555,340
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Votes For
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Votes Against
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Abstain
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Broker Non-Votes
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|||
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Proposal VI
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To ratify the selection of WithumSmith+Brown, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2011.
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4,597,167
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52,992
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23,501
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0
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At the Company’s Annual Organizational Meeting, held on the day of the Annual Meeting, the Board of Directors elected the following persons to the positions set forth opposite their names:
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Robert J. DeValentino
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Chairman of the Board
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Jeffrey D. Alario
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Vice Chairman of the Board
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Duane W. Albro
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President & Chief Executive Officer
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Kenneth H. Volz
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Vice President, Chief Financial Officer, Treasurer
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Anthony Cipollone
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Corporate Secretary
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Dorinda M. Masker
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Assistant Corporate Secretary
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Also, at the Company’s Annual Organizational Meeting, the following committee assignments were approved:
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Governance & Nominating Committee
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Kelly C. Bloss, Chair
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Robert J. DeValentino
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Douglas J. Mello
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Audit Committee
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Jeffrey D. Alario-Chair
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Douglas B. Benedict
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Robert J. DeValentino
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Compensation Committee
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Douglas B. Benedict-Chair
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Kelly Bloss
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Douglas J. Mello
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Contact:
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Warwick Valley Telephone Company
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Duane W. Albro
President & CEO
845-986-2100