MCLEAN, Va.–(BUSINESS WIRE)–Gannett Co., Inc. (NYSE: GCI) (“Gannett” or “company”) today announced
that, based on the preliminary vote count provided by its proxy
solicitor following the company’s 2019 annual meeting of shareholders,
shareholders have elected all eight of Gannett’s highly experienced and
independent director nominees to the Gannett board – John Jeffry Louis,
John E. Cody, Stephen W. Coll, Donald E. Felsinger, Lila Ibrahim,
Lawrence S. Kramer, Debra A. Sandler and Chloe R. Sladden.
Gannett issued the following statement:
We are pleased with the preliminary outcome of the vote, and the Gannett
board and management team thank our shareholders for their input,
participation and support throughout the proxy contest. Consistent with
the interactions with our investors leading up to the meeting, this
outcome demonstrates that Gannett shareholders recognize the continued
progress we have made toward our ongoing digital transformation and
agree that our strategic plan is the best path to deliver value for all
Gannett shareholders. Our shareholders also understand that the broad
and diverse backgrounds, professional experiences and skills of our
directors make them uniquely qualified to oversee Gannett’s achievement
of its strategic objectives and transformation plan.
Importantly, we also want to recognize all of our dedicated employees
for their commitment and hard work throughout this process. We remain
focused on executing our strategy to create value for our customers and
shareholders by continuing to be a news leader and driving growth in
digital subscribers, audience engagement and advertising and marketing
services revenues, while upholding the company’s commitment to
journalistic excellence.
The results of the vote announced today are considered preliminary until
final results are tabulated and certified by the independent Inspector
of Elections. Final results will be reported on a Form 8-K that will be
filed with the U.S. Securities and Exchange Commission, at which time
they will become available on investors.gannett.com
and www.sec.gov.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused
media and marketing solutions company committed to strengthening
communities across our network. With an unmatched local-to-national
reach, Gannett touches the lives of more than 125 million people monthly
with our Pulitzer-Prize winning content, consumer experiences and
benefits, and advertiser products and services. Gannett brands include
USA TODAY NETWORK with the iconic USA TODAY and more than 100 local
media brands, digital marketing services companies ReachLocal,
WordStream and SweetIQ, and U.K. media company Newsquest. To connect
with us, visit www.gannett.com.
Forward-Looking Statements
This communication contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that are not
historical facts. The words “believe,” “expect,” “estimate,” “could,”
“should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and
similar expressions, among others, generally identify forward-looking
statements, which speak only as of the date the statements were made and
are not guarantees of future performance. Where, in any forward-looking
statement, an expectation or belief as to future results or events is
expressed, such expectation or belief is based on the current plans and
expectations of our management and expressed in good faith and believed
to have a reasonable basis, but there can be no assurance that the
expectation or belief will result or be achieved or accomplished.
Whether or not any such forward-looking statements are in fact achieved
will depend on future events, some of which are beyond our control. The
matters discussed in these forward-looking statements are subject to a
number of risks, trends, uncertainties and other factors that could
cause actual results or events to differ materially from those
projected, anticipated or implied in the forward-looking statements,
including the matters described under the heading “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” in the company’s annual report on Form 10-K for fiscal
year 2018 and in the company’s other SEC filings.
Contacts
For investor inquiries:
Stacy Cunningham
Vice
President, Financial Planning & Investor Relations
703-854-3168
[email protected]
Arthur
Crozier / Jennifer Shotwell / Larry Miller
Innisfree M&A
Incorporated
(212) 750-5833
For media inquiries:
Amber
Allman
Vice President, Corporate Events & Communications
703-854-5358
[email protected]
Ed
Trissel / Nick Lamplough / Tanner Kaufman / Tim Ragones
Joele
Frank, Wilkinson Brimmer Katcher
(212) 355-4449
