Windstream 2008 Annual Report Download - page 7

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WINDSTREAM CORPORATION
4001 Rodney Parham Road
Little Rock, Arkansas 72212
Telephone: (501) 748-7000
www.windstream.com
PROXY STATEMENT
This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors of
Windstream Corporation (“Windstream”) to be used at its 2009 Annual Meeting of Stockholders. The meeting
will be held at the Capital Hotel, 111 West Markham, Little Rock, Arkansas 72201 on Wednesday, May 6, 2009
at 11:00 a.m. (local time)
TABLE OF CONTENTS
Page No.
Internet Availability of Proxy Materials ............................................ 2
Voting Information ............................................................ 2
Proposal No. 1 - Election of Directors .............................................. 4
Board and Board Committee Matters .............................................. 6
Stock Ownership Guidelines ..................................................... 8
Security Ownership of Directors and Executive Officers ............................... 9
Security Ownership of Certain Beneficial Owners .................................... 9
Compensation Committee Report on Executive Compensation .......................... 10
Audit Committee Report ........................................................ 11
Management Compensation ...................................................... 12
Compensation Discussion and Analysis ........................................ 12
Compensation of Directors .................................................. 18
Compensation of Named Executive Officers ..................................... 20
Information on Plan-Based Awards ............................................ 21
Pension Benefits ........................................................... 23
Non-Qualified Deferred Compensation ......................................... 25
Potential Payments Upon Termination or Change-in-Control ........................ 26
Proposal No. 2 - Ratification of Appointment of Independent Auditors .................... 31
Stockholder Proposals .......................................................... 31
Proposal No. 3 - Advisory Vote on Executive Compensation ............................ 31
Proposal No. 4 - Independent Chairman of the Board .................................. 33
Stockholder Proposals for 2010 Annual Meeting ..................................... 35
Certain Transactions ........................................................... 35
Section 16(a) Beneficial Ownership Reporting Compliance ............................. 35
Annual Report ................................................................ 35
Audit and Non-Audit Fees ....................................................... 36
Other Matters ................................................................. 37