Lumen Technologies (LUMN) Proxy filing summary

Voting matters and shareholder proposals

• Nine directors are up for election, with each nominee recommended by the board for approval.

• Ratification of KPMG LLP as independent auditor for 2026 is recommended.

• Amendments to the Articles of Incorporation are proposed to remove supermajority voting requirements for director removal, business combinations, and certain amendments.

• Additional amendment seeks to provide exceptions to the "Related Person" definition.

• Shareholders are asked to approve a proposal granting the right to vote for or against a poison pill.

Board of directors and corporate governance

• Board recommends all nine director nominees for election at the annual meeting.

• Proposed amendments aim to modernize governance by eliminating supermajority voting provisions.

Executive compensation and say-on-pay

• Advisory vote is requested on the compensation of named executive officers.

• Approval sought for the Amended and Restated 2024 Equity Incentive Plan.