KCS Holds Annual Meeting of Stockholders, Elects Nine Directors and Announces Preferred and Common Dividends
May 20 2019 - 4:55PM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of
Stockholders on May 17, 2019 in Shreveport, Louisiana. With 89% of
KCS’ outstanding common and preferred stock represented in person
or by proxy at the Annual Meeting, the stockholders:
- elected Lydia I. Beebe, Lu M. Córdova,
Robert J. Druten, Antonio O. Garza, Jr., David Garza-Santos,
Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick
J. Ottensmeyer to serve on the KCS Board of Directors until the
Annual Meeting of Stockholders in 2020;
- ratified the Audit Committee’s
selection of PricewaterhouseCoopers LLP as KCS’ independent
registered public accounting firm for the year ending December 31,
2019;
- approved an advisory vote on the 2018
compensation of the KCS named executive officers; and
- approved a company proposal to amend
KCS’s Amended and Restated Certificate of Incorporation to reduce
the threshold stock ownership requirement for stockholders to call
a special meeting.
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 2, 2019, to stockholders of record at the close of business on
June 10, 2019.
The Board of Directors also declared a regular dividend of $0.36
per share on the outstanding KCS common stock. This dividend is
payable on July 3, 2019, to stockholders of record at the close of
business on June 10, 2019.
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 The Kansas City Southern Railway Company, 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 with other North American rail partners are
primary components of a unique railway system, linking the
commercial and industrial centers of the U.S., Mexico and Canada.
More information about KCS can be found at www.kcsouthern.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190520005807/en/
KCS:Ashley Thorne, 816-983-1530athorne@kcsouthern.com
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