On April 4, 2024, AT&T Inc announced that it has received a shareholder proposal from John Chevedden, ask the Board of Directors to amend the Company Policy on recoupment of incentive pay to apply to the each Named Executive Officer and to state that conduct or negligence ? not merely serious misconduct ? may trigger application of that policy.

Also, the Board is to report to shareholders in an EDGAR filing the results of any deliberations about whether or not to cancel or seek recoupment of compensation paid, granted or awarded to NEOs. In addition, the Company urged the shareholders to vote against the proposal at its annual general meeting of shareholders scheduled to be held on May 16, 2024.