Dividend Declaration
April 25 2003 - 12:24PM
UK Regulatory
Torchmark Elects New Director and Declares Dividend
BIRMINGHAM, Ala., April 25 -- Torchmark Corporation (NYSE: TMK) announced
today that Charles E. (Eddie) Adair of Montgomery, Alabama, has been elected to
the Company's Board of Directors. Mr. Adair, 55, is a Partner in Cordova
Ventures, a venture capital management company headquartered in Atlanta,
Georgia. A graduate of the University of Alabama and the Advanced Management
Program at the Harvard Business School, Mr. Adair began his business career as a
Certified Public Accountant with Haskins & Sells in Birmingham. In 1973 he
joined Durr-Fillauer Medical, Inc., a pharmaceuticals and medical supplies
distributor in Montgomery, and he was President, Chief Operating Officer and
member of the Board of Directors at the time of Durr-Fillauer's sale in 1992.
He joineed Cordova Ventures in 1992. Mr. Adair is also currently a member of the
Board of Directors of three publicly-held companies, Tech Data Corporation,
Performance Food Group Company, and PSS World Medical, Inc. Additionally, he
serves as a member of the Boards of Sterling Bank and Jenkins Brick Company in
Montgomery, and the Board of UAB Health System in Birmingham.
At its April 24, 2003 meeting, the Torchmark Board of Directors also
declared a quarterly dividend of $.09 per share on all of the outstanding
common stock of the Company held of record as of the close of business of the
Company's transfer agent on July 3, 2003. This dividend will be paid on
August 1, 2003.
Torchmark Corporation is an insurance holding company specializing in life
and supplemental health insurance for "middle income" Americans marketed
through multiple distribution channels including direct response, and
exclusive and independent agencies. Subsidiary Globe Life and Accident is a
nationally recognized direct-response provider of life insurance known for its
administrative efficiencies. United American has been a nationally recognized
provider of Medicare supplement health insurance since 1966. Liberty National
Life, one of the oldest traditional life insurers in the Southeast, is the
largest life insurer in its home state of Alabama. American Income Life is
nationally recognized for providing supplemental life insurance to labor union
members.
SOURCE Torchmark Corporation
-0- 04/25/2003
/CONTACT: Joyce Lane, Vice President, Investor Relations of Torchmark
Corporation, +1-972-569-3627, or fax, +1-972-569-3696, or
jlane@torchmarkcorp.com /
/Company News On-Call: http://www.prnewswire.com/comp/885425.html /
/Web site: http://www.torchmarkcorp.com /
(TMK)
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