Telefónica's AGM Approves Dividend, Re-elects Board

TL;DR

Telefónica's AGM passed all resolutions, including a €0.15 dividend payout on July 18th.

AI Summary

Telefónica, S.A. reported the results of its 2024 Annual General Meeting (AGM) held on April 12, 2024. Key resolutions included the approval of the company's annual accounts, the management board's report, and the distribution of a final dividend of €0.15 per share, payable on July 18, 2024. Shareholders also re-elected members to the Board of Directors.

Why It Matters

The approval of the dividend and re-election of the board signal stability and continued shareholder confidence in Telefónica's management and financial strategy.

Risk Assessment

Risk Level: low — This filing is a routine report of AGM results and does not introduce new financial risks or significant strategic changes.

Key Numbers

• €0.15 — Final Dividend per Share (Approved at the 2024 AGM for payment on July 18, 2024.)

Key Players & Entities

• Telefónica, S.A. (company) — Registrant
• April 12, 2024 (date) — Date of AGM
• €0.15 (dollar_amount) — Final dividend per share
• July 18, 2024 (date) — Dividend payment date

FAQ

Filing Documents

• tefagmres24.htm (6-K) — 132KB
• image_0a.jpg (GRAPHIC) — 4KB
• image_2a.jpg (GRAPHIC) — 20KB
• image_3.jpg (GRAPHIC) — 29KB
• 0000814052-24-000061.txt ( ) — 207KB

From the Filing

tefagmres24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 Commission File Number 001-09531 Telefnica, S.A. (Translation of registrant's name into English) Distrito Telefnica, Ronda de la Comunicacin sn, 28050 Madrid, Spain +34 91-482 87 00 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No X Telefnica, S.A. TABLE OF CONTENTS Item Sequential Page Number 1. Telefnica 2024 AGM Results 2 TELEFNICA, S.A., (the " Company "), in compliance with the Securities Market legislation, hereby communicates the following OTHER RELEVANT INFORMATION The Annual General Shareholders' Meeting of TELEFNICA, S.A. held at second call today, has approved all the resolutions submitted by the Board of Directors of the Company for deliberation and vote by the General Shareholders' Meeting. Likewise, it is informed that the proposal made during the Meeting by a shareholder has been rejected by a majority of more than 99%. Please find attached the proposed resolutions that have been approved. Further to the Annual General Shareholders' Meeting of Telefnica, S.A., the Board of Directors of the Company, following a favorable report from the Nominating, Compensation and Corporate Governance Committee, has unanimously adopted the following resolutions regarding the reelection, and the ratification and appointment of Directors approved in the abovementioned Meeting To reelect Mr. Isidro Fain Casas as Vice-Chairman of the Board of Directors. To reelect Mr. Jos Javier Echenique Landirbar as Vice-Chairman of the Board of Directors and Lead Independent Director. To reelect Mr. Isidro Fain Casas, Mr. Jos Javier Echenique Landirbar, Mr. Peter Lscher and Ms. Claudia Sender Ramrez as members of the Executive Commission of the Board of Directors. That the Directors reelected, and ratified and appointed by the Annual General Shareholders' Meeting that are members of any of the remaining Committees of the Board of Directors, i.e. Mr. Jos Javier Echenique Landirbar, Mr. Peter Lscher, Ms. Vernica Pascual Bo and Ms. Solange Sobral Targa continue as members of the same. In this regard (i) Mr. Echenique Landirbar of the Audit and Control Committee, and of the Nominating, Compensation and Corporate Governance Committee (ii) Mr. Lscher of the Compensation and Corporate Governance Committee, and of the Audit and Control Committee (iii) Ms. Pascual Bo of the Nominating, Compensation and Corporate Governance Committee and (iv) Ms. Sobral Targa of the Sustainability and Regulation Committee. In addition, the Audit and Control Committee has agreed to re-elect Mr. Jos Javier Echenique Landirbar as Chairman. Likewise, the Nominating, Compensation and Corporate Governance Committee has agreed to re-elect Mr. Peter Lscher as Chairman. The results of the voting at the Annual General Shareholders' Meeting will be published in full on the Company's website within the legal deadline. Madrid, April 12, 2024 ORDINARY GENERAL SHAREHOLDERS' MEETING OF TELEFNICA S.A. - 2024 - PROPOSED RESOLUTIONS SUBMITTED BY THE BOARD OF DIRECTORS TO THE SHAREHOLDERS FOR DECISION AT THE GENERAL SHAREHOLDERS' MEETING April 1112, 2024 Telefnica, S.A. Proposal regarding Item I on the Agenda Individual and Consolidated Annual Accounts, Consolidated Non-Financial Information and Management of the Board of Directors of Telefnica, S.A. during fiscal year 2023. I.1 Approval of the Annual Accounts and of the Management Report of both Telefnica, S.A. and its Consolidated Group of Companies for fiscal year 2023. To approve the Individual Annual Accounts (Balance Sheet, Income Statement, Statement of Changes in Shareholders' Equity, Cash Flow Statement and Notes), the Consolidated Financial Statements -Consolidated Annual Accounts- (Statement of Financial Condition, Income Statement, Global Income Statement, Statement of Changes in Shareholders' Equity, Cash Flow Statement and Notes to the Consolidated Financial Statements), and the Management Reports of Telefnica, S.A. and its Consolidated Group of Companies for the fiscal year ended on December 31, 2023, as finalized by the Board of Directors at its meeting of February 21, 2024. In the Individual Annual Accounts, the Balance Sheet as of December 31, 2023 discloses total assets, total liabilities and shareholders' equity in the amount of 65,000 million euros each, and the Income Statement as of the end of the fisca

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