MEDINA, Ohio, Oct. 31 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced that restricted stock previously received by the outside
directors of the company vested today. The terms of the company's 2003
Restricted Stock Plan for Directors requires the mandatory withholding of that
portion of the stock needed to pay the minimum federal, state and local income
tax obligations of the directors with respect to the vested stock.
Accordingly, Form 4s for the directors, which must be filed no later than
November 4, 2008, will report the withholding of such stock as a disposition
of the stock to the company to pay tax obligations.
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals.
Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco
and Dryvit. RPM's consumer products are used by professionals and
do-it-yourselfers for home maintenance and improvement, automotive and boat
repair and maintenance, and by hobbyists. Consumer brands include Zinsser,
Rust-Oleum, DAP, Varathane and Testors.
For more information, contact P. Kelly Tompkins, executive vice president
- administration and chief financial officer, at 330-273-5090 or
SOURCE RPM International Inc.
executive vice president, administration and
chief financial officer of RPM International Inc.