KCS Holds Annual Meeting of Stockholders, Elects Eight Directors and Announces Preferred and Common Dividends
May 05 2017 - 3:30PM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of
Stockholders on May 4, 2017 in Kansas City, Missouri. With 89% of
KCS’ outstanding common and preferred stock represented in person
or by proxy at the Annual Meeting, the stockholders:
- elected Lu M. Córdova, Robert J.
Druten, Terrence P. Dunn, Antonio O. Garza, Jr., David
Garza-Santos, Thomas A. McDonnell, Patrick J. Ottensmeyer and
Rodney E. Slater to serve on the KCS Board of Directors until the
Annual Meeting of Stockholders in 2018;
- ratified the Audit Committee’s
selection of KPMG LLP as KCS’ independent registered public
accounting firm for the year ending December 31, 2017;
- approved the Kansas City Southern 2017
Equity Incentive Plan;
- approved an advisory vote on the 2016
compensation of the KCS named executive officers;
- selected one year as the preferred
frequency of holding future advisory votes on the compensation of
the KCS named executive officers; and
- rejected a stockholder proposal
requesting amendments to the Company’s proxy access bylaw
provision.
In addition, at their meeting today, the Board of Directors
declared a regular dividend of $0.25 per share on the outstanding
KCS 4% Non-Cumulative Preferred stock. This dividend is payable on
July 3, 2017, to stockholders of record at the close of business on
June 12, 2017.
The Board of Directors also declared a regular dividend of $0.33
per share on the outstanding KCS common stock. This dividend is
payable on July 5, 2017, to stockholders of record at the close of
business on June 12, 2017.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS)
(NYSE: KSU) is a transportation holding company that has railroad
investments in the U.S., Mexico and Panama. Its primary U.S.
holding is KCSR, serving the central and south central U.S. Its
international holdings include Kansas City Southern de Mexico, S.A.
de C.V., serving northeastern and central Mexico and the port
cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent
interest in Panama Canal Railway Company, providing ocean-to-ocean
freight and passenger service along the Panama Canal. KCS’ North
American rail holdings and strategic alliances are primary
components of a NAFTA Railway system, linking the commercial and
industrial centers of the U.S., Mexico and Canada.
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version on businesswire.com: http://www.businesswire.com/news/home/20170505005831/en/
Kansas City SouthernAshley Thorne,
816-983-1530athorne@kcsouthern.com
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