Sprint - Nextel 2007 Annual Report Download - page 31

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. Our motion to dismiss the amended complaint was denied, and the parties
are engaged in discovery.
A number of cases that allege Sprint Communications Company L.P. failed to obtain easements from
property owners during the installation of its fiber optic network in the 1980’s have been filed in various courts.
Several of these cases sought certification of nationwide classes, and in one case, a nationwide class was
certified. In 2003, a nationwide settlement of these claims was approved by the U.S. District Court for the
Northern District of Illinois, but objectors appealed the preliminary approval order to the Seventh Circuit Court
of Appeals, which overturned the settlement and remanded the case to the trial court for further proceedings. The
parties now are proceeding with litigation and/or settlement negotiations on a state by state basis, and settlement
negotiations have been coordinated in all cases but those pending in Louisiana and Tennessee. The Louisiana
claims have been separately settled for an amount not material to the company, and that settlement was given
final approval by the Court, and the time to appeal that approval has expired. In 2001, we accrued an expense
reflecting the estimated settlement costs of these suits.
Various other suits, proceedings and claims, including purported class actions, typical for a large business
enterprise, are pending against us or our subsidiaries. While 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 operation.
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 2007.
Executive Officers of the Registrant
The following people are serving as our executive officers as of February 29, 2008. These executive officers
were elected to serve until their successors have been elected. There is no familial relationship between any of
our executive officers and directors.
Name Business Experience
Current
Position
Held Since Age
Daniel R. Hesse ....... ChiefExecutiveOfficer and President. He was appointed Chief
Executive Officer, President and a member of the Board of Directors
on December 17, 2007. He served as Chairman, President and Chief
Executive Officer of Embarq Corporation from May 2006 to December
2007. He served as President of our local telecommunications business
from June 2005 to May 2006. He served as Chairman, President and
Chief Executive Officer of Terabeam Corporation, a Seattle-based
communications company, from March 2000 to June 2004. He served
as President and Chief Executive Officer of AT&T Wireless Services, a
division of AT&T, from 1997 to 2000.
2007 54
William G. Arendt .... ActingChiefFinancialOfficer and Senior Vice President & Controller.
He was appointed Acting Chief Financial Officer effective January 25,
2008 and Senior Vice President & Controller at the time of the Sprint-
Nextel merger in August 2005. He served as Senior Vice President of
Nextel from February 2004 until August 2005 and as Controller of
Nextel from May 1997 until August 2005. He also served as Vice
President of Nextel from May 1997 until February 2004.
2008
(with
respect
to Acting
CFO)
2005
50
29