8-KShareholder MattersRegulation FDExhibits & Filings

CROWN CASTLE INC. 8-K Report, Shareholder Vote Results (May 16, 2019)

Filed May 16, 2019For Securities:CCI

Summary

Crown Castle Inc. (CCI) filed an 8-K on May 16, 2019, reporting the results of its annual stockholder meeting and announcing a quarterly dividend. At the meeting, stockholders overwhelmingly approved all proposals, including the election of all twelve director nominees, the ratification of PricewaterhouseCoopers LLP as the independent registered public accountants for fiscal year 2019, and the advisory vote on executive compensation. In addition to the shareholder vote outcomes, the company announced a quarterly dividend of $1.125 per share, payable on June 28, 2019, to stockholders of record as of June 14, 2019. This dividend declaration is a key piece of information for income-focused investors, signaling continued capital return to shareholders.

Key Highlights

  • 1All twelve director nominees were overwhelmingly elected to serve until the next annual meeting.
  • 2The appointment of PricewaterhouseCoopers LLP as the independent registered public accountants for fiscal year 2019 was ratified with strong support.
  • 3Stockholders approved, on a non-binding, advisory basis, the compensation of the company's named executive officers.
  • 4Crown Castle declared a quarterly dividend of $1.125 per share.
  • 5The dividend is payable on June 28, 2019, to stockholders of record on June 14, 2019.
  • 6Broker non-votes were noted in the director election and executive compensation votes, but did not appear in the vote for independent auditors.

Frequently Asked Questions

The key outcomes included the election of all twelve director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2019, and the approval of executive compensation on an advisory basis. All proposals received substantial support from stockholders.

Yes, on May 16, 2019, Crown Castle announced its Board of Directors declared a quarterly dividend of $1.125 per share of common stock. This dividend is scheduled to be paid on June 28, 2019, to shareholders of record as of June 14, 2019.

While there were votes against and abstentions on the director elections and executive compensation, the 'Votes For' significantly outweighed them, indicating strong shareholder confidence. For the ratification of the independent auditor, the vote was overwhelmingly in favor with minimal opposition and no broker non-votes reported.