Moscow, Russia — May 21, 2014 — CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, announces that all resolutions proposed at CTC Media’s 2014 Annual Stockholders Meeting, held on Monday, May 19, 2014, have been passed.
Proposal One – Election of Directors
The following three Directors were reelected to serve three-year terms until CTC Media’s annual meeting of stockholders in 2017 and until their respective successors are duly elected and qualified:
Number of Shares For
Number of Shares Withheld
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 2017)
Irina Gofman (current term expires 2017)
Werner Klatten (current term expires 2016)
Jørgen Madsen Lindemann (current term expires 2016)
Jean-Pierre Morel (current term expires 2015)
Alexander Pentya (current term expires 2016)
Timur Weinstein (current term expires 2017)
Proposal Two – Ratification of Appointment of Independent Registered Public Accounting Firm
Regarding the proposal to ratify the selection by the Audit Committee of Ernst & Young LLC as CTC Media’s independent registered public accounting firm for the year ending December 31, 2014, 131,801,229 shares voted for, 188,886 shares voted against, 20 shares abstained from voting and there were no broker non-votes.
Proposal Three – An Advisory Vote on Executive Compensation
Regarding the proposal to approve an advisory vote on executive compensation, 131,432,168 shares voted for, 544,252 shares voted against, 13,715 shares abstained from voting and there were no broker non-votes.