REDMOND, Wash.-AT&T Wireless Services Inc. reported that a majority of its shareholders approved a proposal at the carrier’s annual shareholders meeting this week calling for a proposed shareholder rights plan to be put to a shareholder vote. The carrier’s current shareholder rights plan was approved by AT&T Wireless’ board of directors when the company was spun off from AT&T Corp. in 2001, but it was not approved by the carrier’s shareholders.
AT&T Wireless also noted shareholders approved a number of proposals, including the election of class II directors to new three-year terms; the ratification of PricewaterhouseCoopers L.L.P. as the company’s independent accountant for 2003; the approval of the amended and restated AT&T Wireless 2001 long-term incentive plan; and the approval of the carrier’s short-term incentive plan.
Shareholders did not approve an advisory shareholder proposal on indexed stock options.
