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TheStreet Open House

CTC Media Announces Results Of 2013 Annual Stockholders Meeting

Stocks in this article: CTCM

MOSCOW, May 2, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. (Nasdaq:CTCM), Russia's leading independent media company, announces that all resolutions proposed at CTC Media's 2013 Annual Stockholders Meeting, held on Tuesday, April 30, 2013, have been passed.

Proposal One – Election of Directors

The following three Directors were (re-)elected to serve three-year terms until CTC Media's annual meeting of stockholders in 2016 and until their respective successors are duly elected and qualified: 

       
Director Number of Shares For Number of Shares Withheld Broker Non-Votes
       
Werner Klatten 132,430,884 4,645,686 2,470
Dmitry Lebedev 132,136,976 4,939,594 2,470
Jørgen Madsen Lindemann 131,837,835 5,238,735 2,470
 

The current composition of the CTC Media Board of Directors is as follows:

Angelo Codignoni (Co-Chairman of the Board, current term expires 2015)
Lorenzo Grabau (Co-Chairman of the Board, current term expires 2015) 
Tamjid Basunia (current term expires 2014)
Irina Gofman (current term expires 2014)
Werner Klatten (current term expires 2016)
Dmitry Lebedev (current term expires 2016)
Jørgen Madsen Lindemann (current term expires 2016)
Jean-Pierre Morel (current term expires 2015)
Timur Weinstein (current term expires 2014)

Hans-Holger Albrecht tendered his resignation from the Board of Directors, effective upon the closing of the Company's 2013 Annual Stockholders Meeting. The Board of Directors has appointed Lorenzo Grabau to fill the vacancy created by the resignation of Mr. Albrecht and to serve as Co-Chairman of the Board. In addition, Mathias Hermansson has stepped down as a member of the Board of Directors upon the expiration of his term of office. Jørgen Madsen Lindemann was elected as a director at the 2013 Annual Stockholders Meeting.

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