CBIS led engagements with both AT&T and Verizon Communications. We had between 4-10 investors joining each engagement or action. CBIS and collaborators filed resolutions at both companies in 2019, after unsatisfactory talks and engagement in 2017-18. At Verizon Communications, a resolution first went to a vote in May 2019 and received 34% support. Because the company refused to agree to progress on any of the actions we had discussed, investors refiled the resolution in Fall 2019.
CBIS and partners felt that AT&T's initial response to our 2018 letter was not related to the topic, and after follow-up for more information, and a lack of response from the company through most of 2019, CBIS led a resolution filing there.
As a result, both companies came back and agreed to make progress on multiple fronts, and to roll out that progress and an assessment of child impacts across the company--not a siloed initiative. Since then, we have seen commitments to, or actual progress on, all of the objectives mentioned above. The coalition of investors has since been asked to keep both companies updated on new initiatives related to our concerns. Both companies are routinely reporting progress back to the coalition.