Frontier Communications Parent (FYBR) Proxy Filing summary

Executive summary

• Achieved full-year revenue growth in 2024 for the first time in 15 years, following EBITDA growth in 2023, marking a successful turnaround since emerging from bankruptcy in 2021.

• Announced a merger agreement with Verizon in September 2024, with stockholders approving the transaction; expected to close by Q1 2026, offering $38.50 per share in cash, a 43.7% premium to the 90-day VWAP.

• Focused on four strategic priorities: build fiber, sell fiber, improve customer experience, and simplify operations, resulting in 1.3 million new fiber locations and 385,000 net fiber broadband customer additions in 2024.

• Realized $597 million in gross annualized cost savings by year-end 2024, surpassing targets.

Voting matters and shareholder proposals

• Stockholders will vote to elect ten directors, ratify KPMG LLP as the independent auditor for 2025, and approve named executive officer compensation on an advisory basis.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of ten directors with an average tenure of 3.8 years, bringing expertise in technology, finance, operations, M&A, and human capital.

• Eight of ten directors are independent; all standing committees are composed exclusively of independent directors.

• Board leadership is separated between an Executive Chairman and a Lead Independent Director.

• Annual board and committee evaluations are conducted, and robust stockholder engagement is maintained.