CenturyLink, Inc. (NYSE:CTL) Files An 8-K Submission of Matters to a Vote of Security Holders

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CenturyLink, Inc. (NYSE:CTL) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07.

Submission of Matters to a Vote of Security Holders.
(a) CenturyLink, Inc. (the Company) held its annual meeting of
shareholders on May 24, 2017 (the Annual Meeting). There were a
total of 548,870,486 shares entitled to vote at the Annual
Meeting (consisting of 548,863,468 shares of common stock and
7,018 shares of Series L preferred stock, which vote together as
a single class), of which 485,844,657 shares were present or
represented by proxy.
(b) The Companys independent inspector of election reported the
vote of shareholders at the Annual Meeting as follows:
Proposal 1. Shareholders elected nine directors to serve until
the Companys 2018 annual meeting of shareholders, based on the
following vote:
Nominee
For
Withheld
Broker Non-Votes
Martha H. Bejar
325,306,680
8,491,676
152,046,301
Virginia Boulet
306,393,437
27,404,919
152,046,301
Peter C. Brown
325,280,591
8,517,765
152,046,301
W. Bruce Hanks
315,098,465
18,699,891
152,046,301
Mary L. Landrieu
326,001,659
7,796,697
152,046,301
Harvey P. Perry
324,788,938
9,009,418
152,046,301
Glen F. Post, III
326,622,632
7,175,724
152,046,301
Michael J. Roberts
326,953,412
6,844,944
152,046,301
Laurie A. Siegel
326,952,820
6,845,536
152,046,301
Proposal 2. Shareholders ratified the appointment of KPMG LLP as
the Companys independent auditor for 2017, based on the following
vote:
For
460,649,232
Against
23,078,774
Abstain
2,116,651
Broker non-votes
N/A
Proposal 3(a). Shareholders approved, on an advisory basis, the
overall compensation of the Companys named executive officers
(the say-on-pay vote), based on the following vote:
For
289,616,573
Against
41,092,275
Abstain
3,089,508
Broker non-votes
152,046,301
Proposal 3(b). Shareholders recommended, in an advisory vote,
that an advisory say-on-pay vote be held every one year, based on
the following vote:
One Year
277,200,214
Two Years
2,623,477
Three Years
51,653,431
Abstain
2,321,234
Broker non-votes
152,046,301
Proposal 4(a). Shareholders rejected a shareholder proposal
regarding equity retention, based on the following vote:
For
112,538,277
Against
215,562,144
Abstain
5,697,935
Broker non-votes
152,046,301
Proposal 4(b). Shareholders rejected a shareholder proposal
regarding lobbying activities, based on the following votes:
For
88,987,933
Against
215,416,932
Abstain
29,393,491
Broker non-votes
152,046,301
Proposal 4(c). No vote was taken on this shareholder proposal, as
it was withdrawn by its proponent, Friends Fiduciary Corporation,
on April 19, 2017 (after the Companys proxy statement was filed
but prior to the Annual Meeting).
(d) Consistent with its voting recommendation and the results of
the shareholder vote on Proposal 3(b), the Board has determined
that say-on-pay votes will continue to be held every year until
the next say-on-frequency vote, which the Company expects to hold
no later than its 2023 annual meeting of shareholders.


About CenturyLink, Inc. (NYSE:CTL)

CenturyLink, Inc. is a United States-based integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The Company operates through two segments: Business, which includes provision of strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which includes provision of strategic and legacy products and services to residential customers. The Business segment includes strategic products and services, such as Ethernet, colocation, hosting and broadband; legacy services, such as local and long-distance voice, and data integration offerings, which include sale of telecommunications equipment located on customers’ premises. The Consumer segment includes strategic products and services, such as broadband and video, and legacy services, such as local and long-distance voice.

CenturyLink, Inc. (NYSE:CTL) Recent Trading Information

CenturyLink, Inc. (NYSE:CTL) closed its last trading session down -0.03 at 24.95 with 7,544,912 shares trading hands.