Windstream 2011 Annual Report Download - page 53

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Please find page 53 of the 2011 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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If Windstream were to pursue a change-in-control transaction, the Board of Directors would choose such
alternative in the belief that it was the best path for creating long-term value for Windstream shareholders. Under
those circumstances, the Board does not believe it is appropriate for senior management to forfeit their unvested
equity awards that represent a significant portion of their total annual compensation.
For these reasons, Windstream believes that this proposal is unnecessary and undesirable and could have
adverse consequences for stockholders.
THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “AGAINST” THE
STOCKHOLDER PROPOSAL. PROXIES SOLICITED BY THE BOARD OF DIRECTORS WILL BE
VOTED AGAINST THE STOCKHOLDER PROPOSAL UNLESS STOCKHOLDERS SPECIFY A
CONTRARY VOTE.
47