AT&T INC.

The proposal asks the board to amend AT&T’s governance so shareholders may act by written consent when the consenting shareholders hold the minimum number of votes that would be needed to approve the same action at a meeting at which all shareholders entitled to vote were present and voting. It would also allow shareholders to initiate any topic for written consent and seeks to remove additional restrictions such as minimum ownership duration or the method by which shares are held. The proponent argues written-consent rights give shareholders a more effective mechanism to engage with management, especially when the company is perceived to be underperforming, and cites prior support (42% at a previous annual meeting) and recent company challenges as rationale. The proposal is focused on altering the company’s governance processes to expand shareholder tools for initiating corporate actions outside of formal meetings.

The proposal requests that AT&T publicly disclose its Consolidated EEO‑1 Report — the EEOC filing that breaks down U.S. workforce composition by race, ethnicity, gender and job categories — each year on the company website and in its proxy statement. The proponent argues the EEO‑1 provides standardized, comparable, and decision-useful data for investors to benchmark representation at all job levels, including senior management, and to track year‑over‑year progress. The submission notes that AT&T already collects the underlying data and that broad disclosure is increasingly common among large peers and S&P companies. The request is focused on transparency of workforce demographics to inform investor assessment of AT&T’s diversity, equity and inclusion performance and benchmarking.