Sinclair Re-Elects Board, Ratifies And Approves Other Proposals
BALTIMORE, June 1, 2017 — Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI) announced today that its shareholders re-elected its eight Directors at the Company’s Annual Shareholders’ Meeting held today. The re-elected Directors are Mr. David D. Smith, Executive Chairman, Chairman of the Board of Sinclair; Mr. Frederick G. Smith, Director and Vice President of Sinclair; Mr. J. Duncan Smith, Director, Vice President and Secretary of Sinclair; Mr. Robert E. Smith, Director; Mr. Lawrence E. McCanna, Director; Mr. Daniel C. Keith, Director; Mr. Martin R. Leader, Director; and Mr. Howard E. Friedman, Director.
The shareholders also ratified the appointment of PricewaterhouseCoopers, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017; approved the proposed non-binding advisory vote on executive compensation; approved the proposed triennial advisory vote for executive compensation; and approved the proposed Executive Performance Formula and Incentive Plan. A tabulation of the votes on these matters will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.
Sinclair is one of the largest and most diversified television broadcasting companies in the country. Pro forma for all pending and previously announced transactions, the Company will own, operate and/or provide services to 233 television stations in 108 markets. The Company has multiple emerging networks as well as being affiliated with all the major networks. Sinclair is a leading local news provider in the country and a producer of live sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
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SOURCE Sinclair Broadcast Group, Inc.