Stockholders Elect Four Directors at Annual Meeting
MEDINA, Ohio, Oct. 10 /PRNewswire-FirstCall/ -- RPM International Inc. (NYSE:
RPM - News) announced today at its annual meeting of stockholders that its Board
of Directors declared a quarterly cash dividend of $0.14 per common share, an
8 percent increase from the previous $0.13 per common share. This represents
the 30th consecutive year of cash dividend increases and will be payable October
31, 2003, to stockholders of record as of October 20, 2003. At a share price
of $14.00, RPM's current dividend yield will be 4 percent.
RPM also announced that stockholders elected four Class II directors to three-year
terms expiring in 2006. Directors elected were: Bruce A. Carbonari, president
and chief executive officer of Fortune Brands Home and Hardware; Donald K. Miller,
chairman of Axiom Management Investor LLC; Joseph P. Viviano, retired vice chairman
of Hershey Foods; and James A. Karman, retired vice chairman of RPM International
In addition, stockholders approved a Restricted Stock Plan for Directors
RPM International Inc., a holding company, owns subsidiaries that are world
leaders in specialty coatings serving both industrial and consumer markets.
RPM's industrial products include roofing systems, sealants, corrosion control
coatings, flooring coatings and specialty chemicals. 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. Industrial brands
include Stonhard, Tremco, Carboline, Day-Glo, Euco and Dryvit. Consumer brands
include Zinsser, Rust-Oleum, DAP, Varathane, Bondo and Testors.
Source: RPM International Inc.