Baldor Electric Company Reports Management Announcement, Annual Shareholders' Meeting Highlights and 2nd Quarter 2008 Dividend
2008年4月29日 - 2:56AM
PRニュース・ワイアー (英語)
FORT SMITH, Ark., April 28 /PRNewswire-FirstCall/ -- Baldor
Electric Company (NYSE:BEZ) markets, designs, and manufactures
industrial electric motors, power transmission products, drives,
and generators and is based in Fort Smith, Arkansas. Baldor made
the following announcements today after the recent Shareholders'
and Board of Director Meetings. Management Announcement ... The
Board of Directors approved the following Officer appointment
effective April 26, 2008. Larry L. Johnston, Vice President - Audit
Services Larry joined Baldor in May 2007. He is from Hot Springs,
Arkansas and graduated from the University of Arkansas at Little
Rock in 1991 with a BS in Accounting. Larry is a licensed CPA in
Arkansas and Oklahoma and has more than 15 years of accounting and
auditing experience. He is also a veteran of the United States
Marine Corps. Annual Shareholders' Meeting Highlights ... The
Company's Annual Shareholders' Meeting was held on April 26, 2008,
in Fort Smith and attended by over 400 shareholders and guests.
Following are the highlights of the meeting. -- Company directors
Jefferson W. Asher, Jr., Richard E. Jaudes and Robert J. Messey
were re-elected to serve a three-year term which will expire in
2011. -- Shareholders ratified the appointment of Ernst & Young
LLP as the Company's independent registered public accounting firm.
-- Shareholders voted in favor of a shareholder proposal to
declassify the Company's Board of Directors. As such, the Board
will review and consider amendments to the Company's articles of
incorporation and by-laws prior to the next meeting of the
shareholders. -- At the meeting, presentations were made by John A.
McFarland, Chairman and CEO, Ronald E. Tucker, President and COO. A
webcast of the meeting can be viewed on the Company's website at
http://www.baldor.com/. Cash Dividend ... The Board of Directors
declared a cash dividend of $0.17 per share on the Company's common
stock payable on June 30, 2008, to shareholders of record on June
9, 2008. DATASOURCE: Baldor Electric Company CONTACT: John A.
McFarland, Chairman & CEO, or Ronald E. Tucker, President &
COO, or Tracy L. Long, VP Investor Relations, all of Baldor
Electric Company, +1-479-648-5769, fax, +1-479-648-5701, Web site:
http://www.baldor.com/
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