SOURCE: Warwick Valley Telephone Company

Warwick Valley Telephone Company

May 05, 2011 10:05 ET

Warwick Valley Telephone Announces Final Vote Results and Committee Assignments

WARWICK, NY--(Marketwire - May 5, 2011) - Warwick Valley Telephone Company (NASDAQ: WWVY) (the "Company") announced today the final certified results of the votes at its 2011 Annual Meeting of shareholders, held Friday, April 29, 2011. The following directors were elected for one year terms: Jeffrey D. Alario, Duane W. Albro, Douglas B. Benedict, Kelly C. Bloss, Robert J. DeValentino, Thomas H. Gray, and Douglas J. Mello. The shareholders approved the selection of WithumSmith+Brown, P.C. as the Company's independent accountants for the year ending December 31, 2011.

Matters voted on at the meeting and the results of each vote are as follows:

Votes ForVotes AgainstAbstainBroker Non-Votes
Proposal ITo fix the number of directors at seven until the next annual meeting of shareholders.4,421,636227,60724,4170
Votes ForAuthority WithheldBroker Non-Votes
Proposal IIElection of directors:
Jeffrey D. Alario3,013,932104,3881,555,340
Duane W. Albro3,016,339101,9811,555,340
Douglas B. Benedict3,009,213109,1071,555,340
Kelly C. Bloss2,997,737120,5831,555,340
Robert J. DeValentino3,016,189102,1311,555,340
Thomas H. Gray2,997,516120,8041,555,340
Douglas J. Mello3,003,477114,8431,555,340
Votes ForVotes AgainstAbstainBroker Non-Votes
Proposal IIITo approve the Amended and Restated Warwick Valley Telephone Company 2008 Long-Term Incentive Plan2,642,047400,99875,2751,555,340
Votes ForVotes AgainstAbstainBroker Non-Votes
Proposal IVTo approve, on an advisory basis, the compensation of our named executive officers2,646,643419,97551,7021,555,340
Votes for 1 YearVotes for 2 Years
Votes for 3 Years
AbstainBroker Non-Votes
Proposal VTo recommend, on an advisory basis, the frequency of shareholder advisory votes on the compensation of our named executive officers.2,867,96585,606116,06948,6801,555,340
Votes ForVotes AgainstAbstainBroker Non-Votes
Proposal VITo ratify the selection of WithumSmith+Brown, PC as the Company's independent registered public accounting firm for the year ending December 31, 2011.4,597,16752,99223,5010

At the Company's Annual Organizational Meeting, held on the day of the Annual Meeting, the Board of Directors elected the following persons to the positions set forth opposite their names:

Robert J. DeValentino, Chairman of the Board
Jeffrey D. Alario , Vice Chairman of the Board
Duane W. Albro, President & Chief Executive Officer
Kenneth H. Volz, Vice President, Chief Financial Officer, Treasurer
Anthony Cipollone, Corporate Secretary
Dorinda M. Masker, Assistant Corporate Secretary

Also, at the Company's Annual Organizational Meeting, the following committee assignments were approved:

Governance & Nominating Committee
Kelly C. Bloss, Chair
Robert J. DeValentino
Douglas J. Mello

Audit Committee
Jeffrey D. Alario-Chair
Douglas B. Benedict
Robert J. DeValentino

Compensation Committee
Douglas B. Benedict-Chair
Kelly Bloss
Douglas J. Mello

Contact Information

  • Contact:
    Warwick Valley Telephone Company
    Duane W. Albro
    President & CEO
    845-986-2100