EX-99.1 2 v182218_ex99-1.htm Unassociated Document
 
Exhibit 99.1

Press Release

Warwick Valley Telephone Announces Final Vote Results and Committee Assignments

(Warwick, NY, April 26, 2010) Warwick Valley Telephone Company (Nasdaq: WWVY) (the "Company") announced today the final certified results of the votes at its 2010 Annual Meeting of shareholders, held Friday, April 23, 2010.  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, 2010.

Matters voted on at the meeting and the results of each vote are as follows:
 
     
Votes For
   
Votes Against
   
Abstain
   
Broker Non-Votes
 
                           
Proposal I
To fix the number of directors at seven until the next annual meeting of shareholders.
    4,397,155       229,725       70,246       0  
 
     
Votes for
   
Authority Withheld
             
Proposal II
Election of directors:
                       
 
Jeffrey D. Alario
    3,593,339       331,882              
 
Duane W. Albro
    3,557,864       367,357              
 
Douglas B. Benedict
    3,549,722       375,499              
 
Kelly C. Bloss
    3,533,140       392,081              
 
Robert J. DeValentino
    3,632,267       292,954              
 
Thomas H. Gray
    3,548,859       376,362              
 
Douglas J. Mello
    3,541,320       383,901              
                               
     
Votes For
   
Votes Against
   
Abstain
   
Broker Non-Votes
 
                               
Proposal III
To ratify the selection of WithumSmith+Brown, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2010.
    4,363,344       244,293       89,485       0  
     
Votes For
   
Votes Against
   
Abstain
   
Broker Non-Votes
 
                                   
Proposal IV
Shareholder proposal from Glenn Freedman to approve the maximize value resolution.
    644,229       3,160,246       120,744       771,907  
     
Votes For
   
Votes Against
   
Abstain
   
Broker Non-Votes
 
                                   
Proposal V
Shareholder proposal from Lewis H. Kaminester, M.D. to approve the maximize value resolution.
    630,017       3,170,080       125,122       771,907  
 
 
 

 
 
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
 
Dorinda M. Masker
Corporate Secretary
 
Amelia F. Lawlor
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
Thomas Gray

 
Compensation Committee
Douglas B. Benedict – Chair
Kelly Bloss
Douglas J. Mello
 
Contact:
Warwick Valley Telephone Company
Duane W. Albro
President & CEO
(845) 986-2100