Burlington Northern Inc. shareholders reelect directors, approve stock incentive plan at annual meeting.FORT WORTH, Texas--(BUSINESS WIRE)--April 20, 1995--Shareholders of Burlington Northern Inc. (BNI) (NYSE NYSE See: New York Stock Exchange :BNI) Thursday reelected the company's nine directors and adopted a restricted stock incentive plan at the company's annual meeting at its James J. Hill James Jerome Hill (September 16 1838 – May 29 1916), was a noted Canadian-American railroad executive. He was the chief executive officer of a family of lines headed by the Great Northern Railway, which served a substantial area of the Upper Midwest, the northern Great Center in Fort Worth. The directors, each reelected for a one-year term, are: Jack S. Blanton Jack S. Blanton (born 1929, in Shreveport, Louisiana), but raised in Houston, Texas, is a philanthropist who earned his wealth in the oil industry. Blanton graduated from the University of Texas in 1947 with a double major in government and history, and from UT Law School in , chairman and chief executive officer of Houston Endowment Inc.; Daniel P. Davison, retired chairman and chief executive officer of U.S. Trust Corp.; Daniel J. Evans Daniel Jackson Evans (born October 16 1925) served three terms as governor of the state of Washington from 1965 to 1977, and represented the state in the United States Senate from 1983 to 1989. , chairman of Daniel J. Evans Associates; Gerald Grinstein, chairman and chief executive officer of both BNI and its principal subsidiary, Burlington Northern Railroad The Burlington Northern Railroad (AAR reporting marks BN) was a United States-based railroad company operating between 1970 and 1995. History The Burlington Northern was the product of a March 2, 1970 merger comprising the Great Northern Railway, the Northern ; Barbara C. Jordan, professor, The Lyndon B. Johnson School of Public Affairs Overview As of 2006, the LBJ School has 312 students and 39 faculty members. The LBJ School offers "professional training in public policy analysis and administration for students interested in pursuing careers in government and public affairs-related areas of the private and , University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas ; Ben F. Love, investor; Arnold R. Weber, chancellor of Northwestern University; Edward E. Whitacre, Jr., chairman of the board and chief executive officer of SBC Communications Inc.; and Michael B. Yanney, chairman and chief executive officer of America First Companies. In his remarks, BNI chairman and chief executive officer Gerald Grinstein told shareholders that the company is achieving several major goals set in 1991. "Four years ago, we set a goal of lowering our long-term debt ratio Long-term debt ratio The ratio of long-ter debt to total capitalization. to 50 percent," he said. "We ended 1994 at 45 percent. We also recognized the need to become more competitive by improving our franchise. "The pending merger with Santa Fe, if approved, will accomplish that. And we made a commitment to create the information technology systems that would lead us into the 21st Century. The completion of the state-of-the-art Network Operations Center is a visible manifestation of that commitment." Located at the company's James J. Hill Center in Fort Worth, the 180,000-square-foot Network Operations Center consolidates train dispatching and network management functions for the entire Burlington Northern Railroad system into one location. A grand opening for the facility, which became operational in March, is scheduled for April 25. Headquartered in Forth Worth, BNI is the parent company of Burlington Northern Railroad, the longest rail system in North America in terms of miles of road and second main track, with more than 24,300 miles reaching across 25 states and two Canadian provinces. BNI recorded revenues of $4.995 billion in 1994. CONTACT: Burlington Northern Inc., Fort Worth Richard A. Russack, 817/333-6116 |
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