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AmpliTech to Release Earnings Tomorrow, Friday, March 31st; Company to Host an Earnings Call to Review

Amplitech Group, Inc.

McapMediaWire - AmpliTech Group, Inc. (NASDAQ: AMPG ) a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks and a worldwide distributor of packages and lids for integrated circuit assembly, and designer of complete 5G/6G systems, today announced that it will release full-year earnings for the fiscal year 2022 tomorrow, Friday, March 31st. The company will also host an earnings call Monday, April 10th, 2023 to review the progress of its growth initiatives and answer investor questions. Dial-in details are provided below: Investor Earnings Call Details Date/Time: Monday, April 10th at 4:00 pm EST Dial-in Number: 1-833-630-0019 (domestic) or 1-412-317-1807 (international) Online Replay/Transcript: Audio file and call transcript will be posted to AmpliTech’s news page when available. Investor Questions: May be submitted to investors@amplitechgroup.com prior to or during the call About AmpliTech Group AmpliTech Group, Inc. designs, develops, manufactures, and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of our focused team's unique skills, experience and dedication, which enables us to deliver superior solutions, faster time to market, competitive pricing, excellent customer satisfaction and repeat business. For more information, visit: www.amplitechgroup.com Safe Harbor Statement: This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its oﬃcers with respect to, among other things: the lingering impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's ﬁnancial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identiﬁed and described in more detail in the “Risk Factors” section of the Company’s ﬁlings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law. Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Shan Sawant, Director of Communications AmpliTech Group, Inc. Investors@amplitechgroup.com Investor Relations Contact: Kirin Smith, President PCG Advisory, Inc. ksmith@pcgadvisory.com www.pcgadvisory.com Contact Details AmpliTech Group, Inc. Investors@amplitechgroup.com Company Website http://www.amplitechgroup.com/

March 30, 2023 04:00 PM Eastern Daylight Time

AmpliTech Records a New Benchmark at Satellite 2023 Show in Washington, D.C.

Amplitech Group, Inc.

McapMediaWire - AmpliTech Group, Inc. (NASDAQ: AMPG ), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, as well as a worldwide distributor of packages and lids for integrated circuit assembly, is excited to announce an unprecedented achievement at the Satellite 2023 show held in Washington, D.C. The company recorded more than 100 meetings with executives in the satellite communications (Satcom) space – a new record for the prestigious event. Among the attendees were multiple Fortune 100 companies, top-tier research institutions, and exciting startups driving the next generation of connectivity. The Satellite 2023 show, one of the most significant gatherings in the satellite and space industry, served as the ideal platform for AmpliTech to showcase its cutting-edge technology and capabilities, including its industry-leading amplifiers with the best gain-to-noise ratio on the market and its new MMIC amplifier line. The record-breaking number of meetings held with industry leaders and decision-makers reflects AmpliTech's commitment to providing innovative solutions for the rapidly evolving Satcom market. During the show, AmpliTech's team engaged in meaningful discussions with executives from various sectors of the Satcom industry. They expressed keen interest in AmpliTech's high-performance LNAs, which can be implemented in a wide range of applications, including satellite teleports, antennas, satellite modems, phased array antennas, and satellites themselves. AmpliTech's LNAs are renowned for their industry-leading performance, reliability, and efficiency. The company's proprietary technology enables satellite communication systems to achieve optimal signal reception and transmission, ultimately leading to enhanced communication capabilities and reduced overall costs for satellite operators. Some customers were so impressed with AmpliTech's product line that they had already entered the specifications and RFQ (Request for Quotation) phase. This demonstrates the high level of confidence in AmpliTech's LNA solutions and their potential for revolutionizing the Satcom industry. "We are thrilled with the success we experienced at the Satellite 2023 show," said Fawad Maqbool, CEO of AmpliTech. "Incorporating high-quality amplifiers in our satellites is crucial for optimal signal transmission and reception. The pitfalls of using sub-par amplifiers can lead to signal degradation, increased interference, and ultimately, higher operational costs for satellite operators. By utilizing our industry-leading amplifiers, we provide our clients with enhanced communication capabilities and a more cost-effective solution. Our record-breaking number of meetings with representatives from Fortune 100 companies, top research institutions, and innovative startups is a testament to the growing interest in more performant LNA solutions to avoid the mentioned pitfalls, and the risk of obsolescence in ground stations and satellites. We are eager to continue collaborating with industry leaders and contributing to the development of the next generation of satellite communication systems." As a pioneer in the RF space, AmpliTech remains dedicated to driving innovation in the Satcom sector. The company is well-positioned to support the rapid advancements in satellite technology and expand its global presence through strategic partnerships and collaborations with industry frontrunners. About AmpliTech Group AmpliTech Group, Inc. designs, develops, manufactures and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of the unique skills, experience and dedication of our focused team which enables us to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. Safe Harbor Statement This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its oﬃcers with respect to, among other things: the lingering impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's ﬁnancial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identiﬁed and described in more detail in the “Risk Factors” section of the Company’s ﬁlings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law. Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Shan Sawant, Director of Communications AmpliTech Group, Inc. Investors@amplitechgroup.com Investor Relations Contact: Kirin Smith, President PCG Advisory, Inc. ksmith@pcgadvisory.com www.pcgadvisory.com Contact Details AmpliTech Group, Inc. Investors@amplitechgroup.com

March 30, 2023 09:00 AM Eastern Daylight Time

FiscalNote Holdings Inc’s (NYSE: NOTE) Artificial Intelligence Solutions: A Pathway To Success In An Algorithmic World?

Benzinga

By Jad Malaeb, Benzinga The prevalent perception of algorithms is that they’re almost mystical orchestrators that govern the way social media platforms function. For younger generations, the word “algorithm” is tied to TikTok and Instagram feeds, overly-specific advertisements and the results of a Google search. This pervasive and intuitive significance of an algorithm represents the technology’s omnipresence. Even those who have no idea what it is know that it’s somehow “there,” lurking in the background. Sitting at a crossroads between mathematics and computer science, algorithms play a pivotal role in almost all data-centric systems with human input. Algorithms control when numerous stocks are bought and sold, interpret what news is fed to the public upon release, direct the flow of emails from one destination to another, suggest the shortest route to get to a certain destination and perform a million other functions that have become part of everyday life. Using Algorithms To Develop Statistical Edges Over Competitors As a part of data-driven learning, algorithms have been praised for their ability to help humans make better decisions. However, because they’re often mathematically complex and demand knowledge of computer science, algorithms are difficult to build independently. Those seeking to leverage algorithms’ competitive advantage may find some value in some that are already available. Specifically, examples like FiscalNote Holdings Inc’s (NYSE: NOTE) Anvil artificial intelligence platform may be a good destination for those hunting for algorithms that may provide them with a competitive advantage in the financial markets and business in general. Anvil: FiscalNote’s Next-Generation AI Platform Anvil is FiscalNote's next-generation AI platform that ingests and structures millions of content-based documents monthly from around the globe, including news, regulatory filings, earnings calls, and social content. Anvil uses proprietary natural language understanding (NLU) techniques to extract entities, events, relationships, measurements, dates, and more. Anvil provides access to billions of calculated measurements and millions of public and private companies, executives, insiders, and influencers. Its suite of AI-based scoring algorithms continually updates sentiment, saliency, impact scores, classifications and other measures to enrich the data. The platform also includes a collection of curated AI use cases that provide critical intelligence to analysts, quants and investors. Anvil's use cases include Intelligent ESG for tracking and monitoring ESG events, Intelligent Earnings Call Transcripts with AI-generated transcripts augmented with statistical, sentiment, evasiveness, and emotive scores, Intelligent Sentiment for entity-level sentiment and associated signals, SEC Filings with rich topic modeling and critical information extraction and News Pulse for immediate detection of deviations in news coverage. According to FiscalNote, clients like banks, hedge funds, multinational corporations and government agencies have used Anvil to develop a competitive advantage over others in their prevailing fields. Designed for easy access and integration with analytical or modeling environments, Anvil provides powerful insights that enable organizations to generate alpha, manage risk and improve operations. Unravel the mysticism around algorithms and start harnessing their power for your benefit. Click here to learn more FiscalNote AI. This article was originally published on Benzinga here. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 30, 2023 09:00 AM Eastern Daylight Time

Investis Digital Releases Guide on Cybersecurity, Privacy and Accessibility

Investis Digital

Investis Digital, a leading tech-enabled digital communications company, announced today the publication of Navigating the Landscape of Cybersecurity, Privacy and Accessibility, a guide that helps senior executives across all areas of enterprise businesses understand the key issues affecting cybersecurity, compliance, governance and more in 2023. Albert Jesupaul, director of cybersecurity for Investis Digital, said, “Corporate governance can make or break the reputation of a business, and cybersecurity, consumer privacy, and accessibility are increasingly defining the governance agenda. Our guide gives senior executives across marketing, investor relations and communications an understanding of the key issues they need to know in order to protect their brands and build trust with their audiences.” Navigating the Landscape of Cybersecurity, Privacy and Accessibility helps executives get grounded on critical topics such as: The state of ransomware threats. How to strike a balance between consumer privacy and personalization. Why accessibility is increasingly a threat to a company’s reputation amid confusing legal standards. The insights are based on Investis Digital's own experience managing the digital estates of more than 1,600 global clients, with a hyper focus on cybersecurity, compliance, governance and accessibility needs through Investis Digital's Connect.ID technology and 24/7 global support and service. “The rise of cybercrime alone is one of the great reputational threats of our time,” Jesupaul said. “Tools such as ChatGPT are giving bad actors more weapons to commit cyberattacks like phishing emails. But businesses need to fight the threat with limited resources while they protect consumer privacy and make their digital content accessible. Our guide shares actionable tips on these crucial elements of corporate governance.” To read the full report, click here. Investis Digital is a tech-enabled digital communications company. Through a proprietary approach we call Connected Content™, we unite compelling communications, intelligent digital experiences, and performance marketing to help companies build deeper connections with audiences and drive business performance. A unique blend of expertise, technology and “always on” service allow clients to trust that their digital footprint and brand reputation is secure and protected 24/7 by our dedicated team of 550 digital experts across 8 global offices. To learn more, visit www.InvestisDigital.com Contact Details Kristen Kalupski +1 312-933-6714 Kristen.kalupski@investisdigital.com Company Website https://www.investisdigital.com

March 30, 2023 06:55 AM Eastern Daylight Time

Retiree Shareowners Seek to Limit Verizon Executive Golden Parachutes & Enhance Clawback Policy

The Association of BellTel Retirees

Members of the non-profit Association of BellTel Retirees, Inc. have two shareholder proposals for the 2023 Verizon (NYSE:VZ) shareowner meeting, aimed at strengthening the senior executive clawback policy while limiting executive golden parachutes. The annual meeting will be in Salt Lake City, Utah on May 11. The BellTel Retirees have a long and successful history of shareowner advocacy at Verizon, acting as an integral check for better governance practices. Since 2003, they have achieved 12 changes to corporate governance, including three by majority vote (2013, 2007, 2003). The Association of BellTel Retirees is proposing Item #8, a Shareholder Ratification of Annual Equity Awards policy (Aka: “Golden Parachute”) which recommends shareowner approval of any new and renewed senior executive compensation packages that would include severance or termination payments exceeding 2.99 times base salary plus target short-term bonus. A nearly identical retiree proposal achieved a 44% vote in 2022. This measure seeks to strengthen the current policy, which Verizon adopted following a successful 2003 BellTel-backed proposal that achieved 59% of shares voted. Retirees believe much more scrutiny is needed over exit packages, reflective of the one currently available to CEO Hans Vestberg. As disclosed in the 2023 Proxy, Mr. Vestberg could receive $31.6 million, or more than six (6) times his 2022 base salary plus a short-term bonus, upon termination following any change in company control. The second retiree proposal, by BellTel Chairman Thomas M. Steed, which achieved 37% in 2022, would amend Verizon’s Senior Executive Compensation Clawback Policy (Item #7). The current policy allows cancellation or recoupment of cash and equity compensation when executives engage only in “willful misconduct” resulting in a material restatement of the corporation’s financial results. BellTel believes the company’s current policy wording is too vague and lenient to ever be effective. Proposal #7 urges enhancing the standard from “willful misconduct” to “conduct” that can cause financial or reputational risk to the company. “The executive clawback policy governing senior executives, should reflect the same expectations that all other employees of Verizon are duty-bound to follow. There should not be a double standard,” said Steed, who submitted the proposal. “Since employees can be disciplined or dismissed for failing to execute their duties, senior executives should certainly not be rewarded for harm they cause to the company’s brand or reputation, or actions that result in Verizon needing to pay penalties or restitution.” Retiree and employee shareowners whose shares are held within a Verizon savings/401k plan are required to vote by no later than May 8, 2023. Contact Details Sabrina Petrafesa +1 646-213-1366 SPetrafesa@ButlerPR.com Tom Butler +1 646-213-1802 TButler@ButlerPR.com Company Website https://belltelretirees.org/

March 29, 2023 12:39 PM Eastern Daylight Time

ARway.ai announces company has unveiled 3D digital twin floor plan generation

ARway

ARway.ai Corporation CEO Evan Gappelberg joined Steve Darling from Proactive with news the company has added another feature to its platform offering AI-powered floor plan alignment, positioning and re-localization, and expanded map analytics capabilities. Gappelberg tells Proactive this upgrade eliminates the complexity and reliance on expensive hardware and scanners by ingesting 2D floor plans and architectural drawings and converting these artifacts into 3D. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 29, 2023 11:30 AM Eastern Daylight Time

Video

Aspen Tech Labs Launches Wage Benchmarking Tool to Enhance Business Intelligence and Salary Research Efforts

Aspen Technology Labs

Aspen Tech Labs, a global leader in recruitment technology solutions, announced that it has launched the Wage Benchmarking Tool as a part of its existing Job Market Pulse product. This new tool enables employers and researchers to compare real-time salary data pulled from the nine-million-plus real-time active job listings – as well as the historical database – that Aspen Tech Labs maintains. Some of these jobs can be found on Aspen Tech Labs’ job board - Job Market Today. Despite recent waves of salary transparency legislation, most employers, compliance bodies, and independent researchers lack the data they need to accurately report on salary. This unclear wage reporting contributes to issues of pay inequality and understaffing – hurting businesses’ ability to attract and retain workers as well as workers’ ability to find high-quality jobs that fit along their career path. “The business intelligence landscape is saturated, certainly,” says Aspen Tech Labs’ founder and CEO Michael Woodrow. “But what we realized is that most options are opaque. They don’t give customers access to the actual data. They just offer access to selected findings every month or so. And that’s not good enough. That’s why we used our best-in-class data scraping technology and applied it to a growing demand: salary transparency research.” With the Wage Benchmarking Tool, customers can analyze the specific amounts employers in their area are paying for current openings. Rather than tracking this information down manually on careers pages or searching the average wages for positions in a certain region, users can instantly see live salary data from thousands of employers worldwide. That’s because the Wage Benchmarking Tool offers: Real-Time Verifiable Data. The Wage Benchmarking Tool lets users click on the direct application link for the position they’re viewing. This means customers can read more about a specific employer or opportunity as well as verify the validity of the salary data they view. And because Aspen Tech Labs only pulls salary data that’s present in job posts, users know the data they see is the same data that employers share. Complex Filtering. Customers can filter and compare wages by region, position, and employer. Plus, the Wage Benchmarking Tool offers an interactive dashboard with built-in data visualizations to optimize at-a-glance viewing of the composite data. Trending Data. Because Aspen Tech Labs also retains historical jobs data, customers can track job market trends – local and global – over days, weeks, months, and years. This tracking is streamlined with custom alerts that notify users when changes occur in the market (e.g., an increase in the average wage for a certain position). Custom Analysis. If customers need data from a region Aspen Tech Labs hasn’t fully explored in the database, they’ll add it. This customizability also extends to the specific data sets customers want to track. And in a short time, clients will be able to track other elements of a compensation package, from insurance plans to PTO policies. “Finding the perfect job – or finding the perfect job candidate – is rarely easy. But it shouldn't be this hard,” says Woodrow. “We’re not doing anything radical here. Employers, job seekers, and researchers all need real-time wage data to do their jobs more effectively. By providing this data, we hope to create an employment market that’s easier for everyone to navigate.” About Aspen Tech Labs Aspen Tech Labs is a global leader in web data management services and recruitment technology headquartered in Colorado, with footprints across the US and Europe. Since its founding in 2008, Aspen Tech Labs has grown its product line beyond custom job board software and extended it to web data scraping and extended it to, most recently, a business intelligence platform. Today, Aspen Tech Labs helps hundreds of companies – from job boards to recruitment advertising agencies to large corporations to ATSes – collect and manage jobs data. This management leads to millions of job seekers every year finding the right jobs at the right time in the right place. Contact Details Aspen Tech Labs, Inc. Lana Shumyn lana.s@aspentechlabs.com Company Website https://www.webspidermount.com/jobmarketpulse/

March 29, 2023 11:15 AM Eastern Daylight Time

Video

Minuteman Press Franchise in Macon, GA Moves to New Location & Has Grand Opening

Minuteman Press International Inc

Richie Moore and his family have owned the Minuteman Press franchise in Macon, Georgia since June of 2017. As they approach six years in business, Richie, along with his father and his wife Elle, have moved to a brand new facility at 4341 Interstate DR, Suite B, Macon GA 31210. To celebrate the move, Minuteman Press in Macon held a grand opening on February 21, 2023, that was sponsored by the Greater Macon-Bibb Chamber of Commerce, the Perry Area Chamber of Commerce, and the Robins Regional Chamber of Commerce. Richie shares, “We have needed more space for the last 3 years. We wanted to get the equipment needed to do the things our customers have been asking us to do and now we have the space and a lot of the equipment needed! We want to show Middle Georgia that the big jobs don’t need to be sent out of our local area, and that Minuteman Press in Macon can produce and deliver for them.” Richie further explains the benefits of the new facility: “We now have a lobby that we can show off our larger jobs and spark ideas in our customers. If that doesn’t do it we want to set up tours of our facility to show the machines’ capabilities for prints. We have just upgraded our main production systems on all of our paper products so that we can print even faster and deliver higher quality. We are able to get longer lasting, higher quality signage done at a fraction of the time it would take a typical sign shop to print.” When it comes to marketing the business, Richie has followed the Minuteman Press system and reached out to his local business community through networking groups. He also focuses on education potential and established customers on the product capabilities that Minuteman Press in Macon has to offer. Richie shares: “We have participated in a lot of networking groups in the last 6 years and that has been some of the main drivers behind our growth. We’ve worked hard on getting out into the community and talking about our vision at Minuteman Press Macon to our customers. Our message is simple: We are showing Middle Georgia that having a quick turnaround doesn’t have to sacrifice quality. We educate them on the fact that having quality doesn’t have to come with the highest price tag. And above all, we make it a point to let our clients know that growing larger doesn’t sacrifice the customer care that our customers receive on a daily basis. “There is a big market for the medium-size niche jobs that sadly is getting left by the wayside. We have customers that want 500 boxes or direct printed bags. They are a small-to-medium sized companies and they don’t necessarily need 5,000 bags that are all the same. They want 500 of 10 different bags so they can sell more products. We want to offer an option to those people who need help with all of their printing needs and don’t want to go to 5 different places to get them all done.” -Richie Moore, co-owner, Minuteman Press, Macon, GA Franchise Support from Minuteman Press International Before franchising, Richie shares, “My wife Elle and I come from the insurance world and before that I worked with computers everywhere. My dad called me up one day and asked if I’d be interested in a printing franchise. One of our computer customers was Minuteman Press Macon and the owner called us and asked if we would be interested in buying the computers back from him. We offered to let us try running the business for a few months and see if it was for us.” He continues, “We did it and we loved helping out the customers. We loved that every day was something new to do. You definitely have to stay on your toes in a print shop! So, my wife and I cashed in our insurance bonuses and bought into a new business with my dad. From there, we have grown it dramatically and want to continue to grow with our customers.” Richie shares his thoughts on the support he and his family have received since joining the Minuteman Press franchise family. He says, “The Minuteman Press franchise has been around a long time and will be around a lot longer. If you have seen it printed, they have had experience with it. Our corporate office has been a great support to us when we had questions on how to help our customers. They have always been supportive in helping us reach our goals. This move to our new building has been the top goal for us for at least 3 years now, and we couldn’t have done it without the help and guidance of our local RVP Dave Walton and the local support team.” Richie adds, “We took over in 2017 but this Minuteman Press franchise has been in Macon for 35 years! We have a lot of experience and knowledge about the products that our clients want and possibly some that you don’t even know about that can help!” When asked about his final thoughts on the move and being business owner, Richie says, “I like to remind all of our clients that WE ARE LOCAL and that we can help. We would love to show prospects what we can do and invite them to tour our facility!” Richie concludes, “For business owners, I would say you need to s urround yourself with smart people that have done it all and are successful. This way, you will end up driving yourself to reach their level. That’s yet another reason franchising and Minuteman Press was right for us.” Minuteman Press in Macon is located at 4341 Interstate DR, Suite B, Macon GA 31210. For more information, call 478-474-6263 or visit their website: https://minuteman.com/us/locations/ga/macon/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

March 29, 2023 10:00 AM Eastern Daylight Time

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Retirees Fight to Strengthen Clawback Policy, Limit Executive Golden Parachutes at Verizon

The Association of BellTel Retirees

Members of the non-profit Association of BellTel Retirees, Inc. have two shareholder proposals for the 2023 Verizon (NYSE:VZ) shareowner meeting, aimed at strengthening the senior executive clawback policy while limiting executive golden parachutes. The annual meeting will be in Salt Lake City, Utah on May 11. The BellTel Retirees have a long and successful history of shareowner advocacy at Verizon, acting as an integral check for better governance practices. Since 2003, they have achieved 12 changes to corporate governance, including three by majority vote (2013, 2007, 2003). The Association of BellTel Retirees is proposing Item #8, a Shareholder Ratification of Annual Equity Awards policy (Aka: “Golden Parachute”) which recommends shareowner approval of any new and renewed senior executive compensation packages that would include severance or termination payments exceeding 2.99 times base salary plus target short-term bonus. A nearly identical retiree proposal achieved a 44% vote in 2022. This measure seeks to strengthen the current policy, which Verizon adopted following a successful 2003 BellTel-backed proposal that achieved 59% of shares voted. Retirees believe much more scrutiny is needed over exit packages, reflective of the one currently available to CEO Hans Vestberg. As disclosed in the 2023 Proxy, Mr. Vestberg could receive $31.6 million, or more than six (6) times his 2022 base salary plus a short-term bonus, upon termination following any change in company control. The second retiree proposal, by BellTel Chairman Thomas M. Steed, which achieved 37% in 2022, would amend Verizon’s Senior Executive Compensation Clawback Policy (Item #7). The current policy allows cancellation or recoupment of cash and equity compensation when executives engage only in “willful misconduct” resulting in a material restatement of the corporation’s financial results. BellTel believes the company’s current policy wording is too vague and lenient to ever be effective. Proposal #7 urges enhancing the standard from “willful misconduct” to “conduct” that can cause financial or reputational risk to the company. “The executive clawback policy governing senior executives, should reflect the same expectations that all other employees of Verizon are duty-bound to follow. There should not be a double standard,” said Steed, who submitted the proposal. “Since employees can be disciplined or dismissed for failing to execute their duties, senior executives should certainly not be rewarded for harm they cause to the company’s brand or reputation, or actions that result in Verizon needing to pay penalties or restitution.” Retiree and employee shareowners whose shares are held within a Verizon savings/401k plan are required to vote by no later than May 8, 2023. Contact Details Butler Associates Sabrina Petrafesa +1 646-213-1366 spetrafesa@butlerpr.com Butler Associates Thomas Butler +1 646-213-1802 TButler@ButlerPR.com Company Website https://belltelretirees.org/

March 29, 2023 09:30 AM Eastern Daylight Time

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