On March 25, 2024, Verizon Communications Inc announced that it has received a shareholder proposal from Kenneth Steiner, requesting the Company adopt an enduring policy, and amend the governing documents as necessary in order that 2 separate people hold the office of the Chairman and the office of the CEO. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on May 9, 2024.