Corporate GovernanceMay 20, 2026, 05:12 PM
AT&T Amends Charter, Exculpates Officers, Eliminates Preferred Stock
AI Summary
AT&T Inc. announced that at its 2026 Annual Meeting, stockholders approved the 2026 Incentive Plan and an amendment to the Stock Purchase and Deferral Plan. Following the meeting, the company filed a Certificate of Elimination for its Fixed Rate Reset Perpetual Preferred Securities, Series B. Stockholders also approved an amendment to the Restated Certificate of Incorporation to exculpate certain officers from personal liability. The company subsequently filed a Restated Certificate of Incorporation integrating these amendments and the elimination of preferred stock.
Key Highlights
- Stockholders approved the 2026 Incentive Plan.
- Stockholders approved an amendment to the Stock Purchase and Deferral Plan.
- AT&T filed a Certificate of Elimination for Series B Preferred Securities.
- Stockholders approved an amendment to exculpate certain officers from liability.
- AT&T filed a Certificate of Amendment to effect the Exculpation Amendment.
- AT&T filed a Restated Certificate of Incorporation integrating all changes.
Price Impact
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