KCS Holds Annual Meeting of Stockholders, Elects Twelve Directors and Announces Preferred and Common Dividends
19 May 2018 - 6:30AM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of
Stockholders on May 17, 2018 in Kansas City, Missouri. With 88% 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, Terrence P. Dunn, Antonio O. Garza, Jr., David
Garza-Santos, Janet H. Kennedy, Mitchell J. Krebs, Henry J. Maier,
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 2019;
- ratified the Audit Committee’s
selection of PricewaterhouseCoopers LLP as KCS’ independent
registered public accounting firm for the year ending December 31,
2018;
- approved an advisory vote on the 2017
compensation of the KCS named executive officers; and
- approved a stockholder proposal to
allow stockholder action by written consent.
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, 2018, to stockholders of record at the close of business on
June 11, 2018.
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 5, 2018, to stockholders of record at the close of
business on June 11, 2018.
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 are primary components of a railway network,
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/20180518005748/en/
Kansas City SouthernAshley Thorne,
816-983-1530athorne@kcsouthern.com
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