AT Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 28, 2017, the Human Resources Committee (the "Committee") of the Board of Directors of AT&T Inc. ("AT&T") amended AT&T's 2005 Supplemental Employee Retirement Plan (the "SERP") with respect to the SERP benefit for AT&T Communications, LLC's Chief Executive Officer, John Donovan, AT&T's Chief Financial Officer, John J. Stephens, and AT&T Services, Inc.'s Senior Executive Vice President – AT&T/Time Warner Merger Integration Planning, John T. Stankey (the "September Amendment"). As a result of the September Amendment, in lieu of using their actual compensation for calculation of their SERP benefit, AT&T will use $3,000,000 for calculating their SERP benefits. For Mr. Donovan, this modification will be effective as of September 1, 2017.For Mr. Stephens and Mr. Stankey, this modification is conditioned upon theclose of AT&T's proposed merger with Time Warner, which remains under review by the U.S. Department of Justice.
The foregoing description of the SERP is qualified in its entirety by reference to the text of the plan filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits:
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Exhibit No. |
Document |
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10.1 |
2005 Supplemental Employee Retirement Plan
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AT&T INC. ExhibitEX-10.1 2 exhibit10.htm 2005 SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN AMENDED SEPTEMBER 28,…To view the full exhibit click here
About AT&T INC. (NYSE:T)
AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment. The Entertainment Group segment provides video, Internet and voice communication services to residential customers in the United States and the United States territories. The Consumer Mobility segment provides wireless service to consumers, and wireless wholesale and resale subscribers located in the United States or in the United States territories. The International segment provides video entertainment services to residential customers in Latin America, and wireless data and voice communication services to consumer and business customers in Mexico.