Sprint - Nextel 2005 Annual Report Download - page 42

company matching contribution in company stock and by including company stock among the thirty investment
options offered to plan participants. The lawsuit seeks to recover any decline in the value of our FON common
stock and PCS common stock, or together, our tracking stocks, during the class period. A settlement agreement
has been filed with the court and is subject to final court approval. The settlement calls for us to make certain
changes to the savings plans, to allow for vesting of certain Sprint Nextel stock in the accounts of certain former
employees, and to distribute $4 million in cash to former employees who no longer have accounts in the savings
plans. We have insurance coverage for the cash component of the settlement.
In September 2004, the U.S. District Court for the District of Kansas denied a motion to dismiss a shareholder
lawsuit alleging that our 2001 and 2002 proxy statements were false and misleading in violation of federal
securities laws to the extent they described new employment agreements with certain senior executives without
disclosing that, according to the allegations, replacement of those executives was inevitable. These allegations,
made in an amended complaint in a lawsuit originally filed in 2003, are asserted against us and certain of our
current and former officers and directors, and seek to recover any decline in the value of our tracking stocks
during the class period. The parties have stipulated that the case can proceed as a class action. All defendants
have denied plaintiffs’ allegations and intend to defend this matter vigorously. Allegations in the original
complaint, which asserted claims against the same defendants and our former independent auditor, were
dismissed by the court in April 2004.
Various other suits, proceedings and claims, including purported class actions, typical for a business enterprise of
our size and complexity, are pending against us or our subsidiaries.
Although it is not possible to determine the ultimate disposition of each of these proceedings and whether they
will be resolved consistent with our beliefs, we expect that the outcome of such proceedings, individually or in
the aggregate, will not have a material adverse effect on our financial condition or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of security holders during the fourth quarter 2005.
Executive Officers of the Registrant
The following people are serving as our executive officers as of February 28, 2006. These executive officers
were elected to serve until their successors have been elected. There is no familiar relationship between any of
our executive officers and directors.
Office Name Age
Chairman Timothy M. Donahue (1) 57
Chief Executive Officer and President Gary D. Forsee (2) 55
Chief Operating Officer Len J. Lauer (3) 48
Chief Financial Officer Paul N. Saleh (4) 49
General Counsel Leonard J. Kennedy (5) 54
Chief Information Officer Richard LeFave (6) 54
Chief Network Officer Kathryn A. Walker (7) 46
Chief Technology Officer Barry West (8) 60
President—Business Solutions Mark Angelino (9) 49
President—Consumer Solutions Timothy E. Kelly (10) 47
Chief Executive Officer, Local Telecommunications Division Dan Hesse (11) 52
Executive Vice President, Transition Integration Thomas N. Kelly, Jr. (12) 58
Senior Vice President & Controller William G. Arendt (13) 48
Senior Vice President—Human Resources James G. Kissinger (14) 49
Vice President & Treasurer Richard S. Lindahl (15) 42
(1) Mr. Donahue was elected Chairman at the time of the Sprint-Nextel merger in August 2005. He was Chief
Executive Officer of Nextel from July 1999 to August 2005.
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