EX-99.1 2 l31405aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.1
Press Release
Warwick Valley Telephone Announces Final Vote Results and Committee Assignments
(Warwick, NY, May 1, 2008) Warwick Valley Telephone Company (Nasdaq: WWVY) (the “Company”) announced today the final certified results of the votes at its 2008 Annual Meeting of shareholders, held Friday, April 25, 2008. The following directors were elected for one year terms: Jeffrey D. Alario, Douglas B. Benedict, Kelly C. Bloss, Wisner H. Buckbee, Robert J. DeValentino, Herbert Gareiss, Jr., 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, 2008.
Matters voted on at the meeting and the results of each vote are as follows:
                                     
                Votes           Broker
        Votes For   Against   Abstain   Non-Votes
 
                                    
Proposal I
  To approve an amendment to the Company’s bylaws to eliminate the classified structure of the Board of Directors and allow for the annual election of all directors.     4,382,421       120,317       38,157       3,001  
 
                                    
Proposal II
  To fix the number of directors at eight until the next annual meeting of shareholders.     4,335,853       188,630       16,412       3,002  
                                     
                Authority        
        Votes for   Withheld        
Proposal III
  Election of directors                                
 
                                    
 
  Jeffrey D. Alario     4,271,201       272,694              
 
  Douglas B. Benedict     4,305,137       230,758                  
 
  Kelly C. Bloss     4,262,625       281,270                  
 
  Wisner H. Buckbee     4,267,116       276,779                  
 
  Robert J. DeValentino     4,280,476       263,419                  
 
  Herbert Gareiss, Jr.     4,292,850       251,045                  
 
  Thomas H. Gray     4,303,436       240,459                  
 
  Douglas J. Mello     4,303,725       240,170                  
                                     
                Votes           Broker
        Votes For   Against   Abstain   Non-Votes
 
                                    
Proposal IV
  To approve the Warwick Valley Telephone Company 2008 Long-Term Incentive Plan.     2,984,192       392,394       42,541       1,124,769  
 
                                    
Proposal V
  To ratify the selection of WithumSmith+Brown, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2008.     4,383,185       144,844       12,865       3,002  

 

 

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:
     
Wisner H. Buckbee
  Chairman of the Board
Robert J. DeValentino
  Vice Chairman of the Board
Duane W. Albro
  President & Chief Executive Officer
Kenneth H. Volz
  Vice President, Chief Financial Office, Treasurer
Joyce A. Stoeberl
  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
 
  Wisner H. Buckbee
 
  Robert J. DeValentino
 
  Douglas J. Mello
 
    
Audit Committee
  Jeffrey D. Alario — Chair
 
  Douglas B. Benedict
 
  Kelly C. Bloss
 
  Wisner H. Buckbee
 
    
Compensation Committee
  Robert J. DeValentino — Chair
 
  Douglas B. Benedict
 
  Douglas J. Mello
     
Contact:
  Warwick Valley Telephone Company
 
  Duane W. Albro
 
  President & CEO
 
  (845) 986-2100