Ruddick Corporation Announces Results of Annual Shareholders’ Meeting and Quarterly Dividend
February 16 2012 - 3:45PM
Business Wire
Ruddick Corporation (NYSE: RDK) reported that at its Annual
Meeting of Shareholders today, the following actions were taken:
(1) the current ten directors were re-elected to the Board of
Directors to serve until the next Annual Meeting of Shareholders or
until their respective successors are duly elected and qualified;
(2) the shareholders approved an amendment to the restated Articles
of Incorporation authorizing the Board of Directors to change the
name of the corporation to “Harris Teeter Supermarkets, Inc.”; (3)
the shareholders approved an advisory (non-binding) “Say on Pay”
vote approving the compensation of the Company’s named executive
officers as described in the Proxy Statement; and (4) the
shareholders ratified the appointment of KPMG LLP as the
independent registered public accounting firm of the Company for
the fiscal year ending September 30, 2012. The Shareholders’
approval of the above-referenced amendment provided authority to
the Company to implement the name change at such time as may be
determined by the Company’s Board of Directors (the “Board”), or to
abandon the name change as determined by the Board. At this time,
the Board has not implemented the name change.
The Company also announced that its Board of Directors, at a
regularly scheduled meeting, declared a quarterly dividend in the
amount of $0.14 per share to be paid on April 1, 2012, to
shareholders of record on March 9, 2012. This represents a $0.01
increase from the $0.13 per share dividend that the Company paid in
previous quarters.
Ruddick Corporation is a holding company for Harris Teeter,
Inc., a leading regional supermarket chain with operations in eight
states primarily in the southeastern and mid-Atlantic United
States, and the District of Columbia.
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