- Stockholders Re-elect Four Directors at Annual Meeting
- Stockholders Approve and Adopt Incentive Plans
MEDINA, Ohio, Oct. 8 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today at its annual meeting of stockholders that its
Board of Directors declared a quarterly cash dividend of $0.15 per common
share, a 7 percent increase from the previous $0.14 per common share. This
represents RPM's 31st consecutive year of cash dividend increases, placing RPM
in an elite category shared by only 3 percent of all U.S. listed dividend-
paying companies that have increased dividends for 10 or more consecutive
years. The dividend will be payable October 29, 2004, to stockholders of
record as of October 18, 2004. At a share price of $17.50, RPM's new dividend
yield would be 3.4 percent.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010126/RPMLOGO )
RPM also announced that stockholders re-elected four Class I directors to
three-year terms expiring in 2007. Directors re-elected were: Edward B.
Brandon, William A. Papenbrock, Frank C. Sullivan and Thomas C. Sullivan.
In addition, stockholders approved and adopted the RPM International Inc.
2004 Omnibus Equity and Incentive Plan, and approved and adopted Amendment No.
2 to the RPM International Inc. Incentive Compensation Plan, which increases
the aggregate bonus award pool from 1.3 percent to 1.5 percent of the
company's pre-tax income.
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.
Industrial brands include Stonhard, Tremco, 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, Bondo and Testors.
For more information, contact Glenn R. Hasman, vice president of finance
and communications, at 330-273-8820 or email@example.com .
SOURCE RPM International Inc.
/CONTACT: Glenn R. Hasman, vice president of finance and communications
of RPM International Inc., +1-330-273-8820, or firstname.lastname@example.org /
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PRN Photo Desk, email@example.com/
/Web site: http://www.rpminc.com/
CO: RPM International Inc.
SU: DIV PER
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8399 10/08/2004 14:30 EDT http://www.prnewswire.com