RPM's annual meeting of shareholders is typically held the first week in October.
2023 Virtual Annual Meeting Details:
The most recent annual meeting was held on October 5, 2023. At the meeting, two key announcements were made:
Dividend Boosted for 50th Consecutive Year
RPM’s board of directors increased the cash dividend for the 50th consecutive year, boosting the quarterly payment 10% to $0.46 per share. Only 41 other U.S. companies, besides RPM, have consecutively paid an increasing annual dividend for a longer period of time, according to Dividend Radar. Increasing the dividend, combined with an appreciating stock price, is key to RPM’s ability to consistently deliver long-term value and outperform the cumulative total return of the broader market.
Three Directors Re-Elected
Three directors were re-elected to three-year terms. They included Robert A. Livingston, retired president and chief executive officer of Dover Corporation; Frederick R. Nance, executive group member and global DEI counsel of Squire Patton Boggs (U.S.) LLP; and William B. Summers, Jr., retired chairman and chief executive officer of McDonald Investments Inc.
Following the formal portion of the meeting, RPM Chairman and CEO Frank Sullivan provided an update on the state of the company and answered shareholders’ questions.
The meeting replay can be accessed at www.virtualshareholdermeeting.com/RPM2023.
