Wyeth Holds Annual Meeting of St...( - Stockholders Ratify Board Member...),Health

- Stockholders Ratify Board Members, Elect New Member to Board, Reject

Stockholder Proposals -

- Board Declares Common and Preferred Stock Dividends -

MADISON, N.J., April 24 /PRNewswire-FirstCall/ -- At today's Annual Meeting of Stockholders of Wyeth (NYSE: WYE), it was reported that stockholders had re-elected 12 current members of the Company's Board of Directors and elected nominee Michael J. Critelli, 58, Executive Chairman of Pitney Bowes Inc. to the Board. This brings the composition of Wyeth's Board to 13 members. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2008, approved the amendment and restatement of the Wyeth 2005 Amended and Restated Stock Incentive Plan, and approved the adoption of the Wyeth 2008 Non-Employee Director Stock Incentive Plan.

In addition, stockholders rejected stockholder proposals regarding reporting on the Company's political contributions and trade association payments; and the adoption of a by-law for the recoupment of incentive bonuses.

Also, at today's meeting of the Corporation's Board of Directors, a dividend of twenty-eight cents ($0.28) per share on the outstanding shares of Common Stock was declared payable on June 2, 2008, to stockholders of record at the close of business on May 13, 2008. Additionally, a dividend of fifty cents ($0.50) per share on the outstanding shares of Preferred Stock was declared payable on July 1, 2008, to stockholders of record at the close of business on June 13, 2008.

Following the business portion of the meeting, Bernard Poussot, President and Chief Executive Officer, summarized highlights from the past year, stating: "
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