ANNUAL MEETING
11 May 2013 - 4:00AM
OTC Markets
NEWS
RELEASE
May 10,
2013
Vulcan
International, a holding company with subsidiaries owning
facilities in Tennessee, manufacturing rubber and foam products,
and real estate in Ohio, Michigan and Tennessee, held its annual
shareholders’ meeting at The Metropolitan Club in Covington,
Kentucky on Friday, May 10, 2013. At that meeting, the shareholders
elected the following eight Directors.
Name
Residence
Leonard
Aconsky
New York, NY
John F. Gabriel,
Jr.
Cincinnati, OH
Warren C.
Falberg
Cincinnati, OH
Benjamin
Gettler
Cincinnati, OH
Benjamin Reed
Gettler
Ft. Lauderdale, FL
Deliaan
Gettler
Cincinnati, OH
Thomas D.
Gettler
New York, NY
Edward B.
Kerin
Poughkeepsie, NY
At the meeting,
shareholders were advised as to the financial results for the 12
months ending December 31, 2012. Revenues for the 2012 period were
$5,160,375 compared to 2011 revenues of $5,647,943. Net profit for 2012 was
$1,025,756 compared to net profit of $589,666 in 2011. Earnings were $1.12 per common
share in 2012 compared to .65 in 2011.
At a Board meeting
following the shareholders meeting, the Board considered the matter
of a 2013 dividend. It
determined to declare a dividend of 25 cents per share on the
common stock of the Company, payable June 4, 2013 to shareholders
of record May 17, 2013.
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