Preliminary Results Indicate That Motorola Stockholders Re-Elect Board Of Directors, Did Not Elect Carl Icahn
SCHAUMBURG, Ill.,– Motorola, Inc. (NYSE: MOT) today announced that, based on an estimate of the votes cast at the Company’s Annual Meeting of Stockholders held today in Chicago, the Company believes that stockholders have re-elected Motorola’s Board of Directors and did not elect Carl Icahn.
“On behalf of Motorola’s Board of Directors and management, we thank all of our stockholders for their continued support and confidence,” said Ed Zander, Chairman and CEO of Motorola. “During the past few months, we have met with and listened to a large number of our stockholders, including Mr. Icahn, and we value their insights and perspective regarding Motorola. We are focused on executing our plan to improve the performance of our Mobile Devices business and building upon the strength of our strong Networks & Enterprise and Connected Home Solutions businesses. We remain steadfast in our commitment to continue building value for all of our stockholders.”
Prior to the closing of the polls at the Annual Meeting, all proxy cards received by Motorola and Carl Icahn were turned over to the independent inspector of elections, IVS Associates, Inc., for final tabulation and certification. Final results will be released after the votes have been tabulated and certified, which the Company expects to occur within a few weeks. Motorola will publicly announce the final results once they are made available to the Company.
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