Stockholders of CommScope, Inc. (NYSE:CTV), a global leader in infrastructure solutions for communication networks, approved three proxy proposals at the company's annual stockholders meeting Friday.
CommScope stockholders elected June E. Travis and James N. Whitson as Class II directors for terms ending in 2011, re-approved the material terms of the performance goals set forth under the company's annual incentive plan, and ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the 2008 fiscal year.
CommScope Chairman and Chief Executive Officer Frank Drendel expressed to stockholders his optimism about conditions in the global wireless, enterprise and broadband markets. "Wireless traffic and growth, the ongoing proliferation of 3G mobile data devices, and bandwidth intensive applications continue to drive wireless and wireline telecommunications operators and enterprises to invest in their communications infrastructure," said Drendel. "As a leader in each of the markets we serve, we remain excited about the opportunities ahead."
CommScope, Inc. (NYSE:CTV) (www.commscope.com) is a world leader in infrastructure solutions for communication networks. Through its Andrew(R) brand, it is a global leader in radio frequency subsystem solutions for wireless networks. Through its SYSTIMAX(R) and Uniprise(R) brands, CommScope is a world leader in network infrastructure solutions, delivering a complete end-to-end physical layer solution, including cables and connectivity, enclosures, intelligent software and network design services for business enterprise applications. It is also the premier manufacturer of coaxial cable for broadband cable television networks and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with infrastructure solutions for evolving global communications networks in more than 130 countries around the world.
This press release includes forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.