Gannett shareholders re-elect Board members, approve say on pay; Board declares dividend
April 29 2015 - 2:00PM
Business Wire
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.
About Gannett
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.
Gannett Co., Inc.For media inquiries, contact:Jeremy
GainesVice President, Corporate
Communications703-854-6049jmgaines@gannett.comorFor investor
inquiries, contact:Jeffrey HeinzVice President, Investor
Relations703-854-6917jheinz@gannett.com