4 Directors Re-Elected to LNC Board.PHILADELPHIA--(BUSINESS WIRE)--May 13, 1999-- Four members of the board of directors of Lincoln National Corporation Lincoln National Corporation (NYSE: LNC) is a holding company, which operates multiple insurance and investment management businesses through subsidiary companies. LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices (NYSE NYSE See: New York Stock Exchange :LNC LNC Legal Nurse Consultant LNC Libertarian National Committee LNC Low Noise Converter LNC Lloyd Noble Center (University of Oklahoma, Norman campus) LNC Local Node Clock LNC Chief Legalman (Naval Rating) ), the parent of the Lincoln Financial Group of companies, were re-elected to three-year terms, it was announced today at the company's annual shareholders meeting. J. Patrick Barrett, a director since 1990; Thomas D. Bell Jr., a director since 1988; Daniel R. Efroymson, a director since 1993; and Roel Pieper, a director since 1996; were re-elected to terms expiring in May 2002. Following the shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. , the board passed a memorial tribute for Harry L. Kavetas, who died May 4. Kavetas, 61, chief financial officer and executive vice president of Eastman Kodak Co., had been a member of the LNC board since 1990. In other action at the shareholders meeting, it was reported that a shareholder proposal relating to corporate investments in the tobacco industry was voted down by the shareholders. The proposal had sought to ban future equity investments in the tobacco industry by the corporation. LNC is a prominent financial services holding company with assets of $95.3 billion and annual revenues of $6.0 billion. Through its businesses the company provides wealth accumulation and protection products, including annuities, life insurance, 401(k) retirement plans, financial planning services, mutual funds, life-health reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and institutional investment management and advisory services. |
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