CCI - Leading Proxy Advisory Firms Recommend Shareholders Vote FOR All of Crown Castle's Director Nominees | Benzinga
Egan-Jones joins ISS in Recommending Shareholders Vote "FOR" ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form
Crown Castle Board Urges Shareholders to Vote TODAY; May 22nd Annual Meeting is Fast Approaching
HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that proxy advisory firm Egan-Jones has joined Institutional Shareholder Services ("ISS") in recommending that shareholders vote on the WHITE proxy card or voting instruction form "FOR" ONLY all 12 of Crown Castle's highly qualified director nominees – P. Robert Bartolo, Cindy Christy, Ari Q. Fitzgerald, Jason Genrich, Andrea J. Goldsmith, Tammy K. Jones, Kevin T. Kabat, Anthony J. Melone, Sunit S. Patel, Bradley E. Singer, Kevin A. Stephens and Matthew Thornton, III (collectively, the "Company Nominees") – in connection with the Company's upcoming 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting") scheduled for May 22, 2024.
Crown Castle's definitive proxy statement and other materials regarding the Board of Directors' recommendations for the 2024 Annual Meeting can be found at www.VoteCrownCastle.com.
In reaching its conclusion, Egan-Jones stated:
- "Based on our review of publicly available information, we believe that voting FOR the management nominees is in the best interest of the Company and its shareholders. In arriving at that conclusion, we have considered the following factors:
- Recent changes to the Board and Crown Castle's recent efforts of board refreshment.
- Governance improvements at Crown Castle.
- The plan and experience put forth by the Boots nominees."
- "We believe the company should be allowed to follow through on the changes already made before implementing something as disruptive as bringing on outside Board nominees."
- "We believe that the nature of the company has fundamentally changed, and the skill sets of the Boots nominees do not align as well as the current Board with the company's current business model."
- "We do not see the inclusion of any Boots nominee on the Board being warranted at this time."
Crown Castle issued the following statement:
Crown Castle is pleased that both ISS and Egan-Jones recognize the recent Board refreshment and actions underway by the Board to drive shareholder value. Their support reinforces our confidence that our current Board is highly qualified and best positioned to strengthen Crown Castle and deliver on our strategic initiatives to unlock value for shareholders.
Crown Castle reminds shareholders that its May 22nd Annual Meeting is fast approaching and it's imperative to vote as soon as possible. You can still vote via the internet or by telephone. The Crown Castle Board of Directors is committed to acting in the best interests of shareholders and unanimously recommends that shareholders vote the WHITE proxy card or voting instruction form "FOR" ONLY Crown Castle's 12 highly qualified directors standing for election ...