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DIEBOLD ELECTS NEW DIRECTOR; INCREASES SHARES TO 50 MILLION; DECLARES CASH DIVIDEND

 DIEBOLD ELECTS NEW DIRECTOR; INCREASES SHARES
 TO 50 MILLION; DECLARES CASH DIVIDEND
 CANTON, Ohio, April 15 /PRNewswire/ -- Shareholders of Diebold, Incorporated (NYSE: DBD) today elected one new member of the board of directors and re-elected eight directors at the company's annual meeting. In addition, shareholders approved an increase in the authorized number of common shares from 25 million to 50 million.
 Later in the day, the board of directors declared the second- quarter cash dividend and re-elected the company's officers.
 LAUER OF BFGOODRICH ELECTED TO BOARD
 Elected to the Diebold board of directors was John N. Lauer, president and chief operating officer of The BFGoodrich Company, Akron, Ohio. BFGoodrich is a chemical and aerospace company. Lauer, 53, who is a director of BFGoodrich, joined the company in 1989 as executive vice president. He previously was vice president and a director of Hoechst Celanese, with responsibility for the company's Engineering Plastics Group. He also was a member of the Operating Board for the Worldwide Plastics and Waxes Group of Hoechst A.G., the parent company of Hoechst Celanese. He had joined Hoechst Celanese in 1963.
 Lauer is a native of Washington, D.C., and received a bachelor's degree in chemical engineering from the University of Maryland. He also holds a master's degree in business from Texas A&I University. Lauer is a member of the American Institute of Chemical Engineers and is a registered professional engineer in Texas. He sits on the board of directors of the DTM Corp., the Cleveland Opera Association, the Akron Art Museum, the Visiting Nurses Association of Greater Cleveland and is a member of the Leadership Cleveland class of 1989.
 EIGHT DIRECTORS RE-ELECTED
 Re-elected to the Diebold board of directors were:
 -- Robert P. Barone, president and chief operating officer, Canton.
 -- Louis V. Bockius III, chairman and president, Bocko Incorporated, North Canton, Ohio.
 -- Daniel T. Carroll, chairman and president, The Carroll Group, Inc., Ann Arbor, Mich.
 -- Donald R. Gant, limited partner, The Goldman Sachs Group, L.P., New York.
 -- Raymond Koontz, chairman of the executive committee, Canton.
 -- Robert W. Mahoney, chairman of the board and chief executive officer, Canton.
 -- William F. Massy, director, Stanford's Institute for Higher Education Research and professor of education and business administration, Stanford University, Stanford, Calif.
 -- W.R. Timken, Jr., chairman of the board, The Timken Company, Canton.
 AUTHORIZED COMMON SHARES INCREASED TO 50 MILLION
 Shareholders also approved a proposal to amend the company's Articles of Incorporation to increase the authorized number of common shares from 25 million to 50 million. Additional authorized common shares could enable the company to take advantage of business opportunities that may arise or could be used for other corporate purposes such as stock dividends or stock splits.
 DIEBOLD DECLARES CASH DIVIDEND
 The board of directors today declared a 42 cents per share cash dividend on all common shares to be paid June 5 to shareholders of record at the close of business on May 15.
 OFFICERS NAMED
 At the board meeting following the Diebold annual meeting, the board of directors re-elected Robert W. Mahoney as chairman of the board and chief executive officer; Robert P. Barone as president and chief operating officer; Gerald F. Morris as senior vice president and chief financial officer; Charee Francis-Vogelsang as vice president and secretary; and Robert J. Warren as vice president and treasurer.
 In other business, the board of directors reappointed the following corporate officers: William T. Blair, vice president and general manager, North American Sales and Service; Frank G. D'Angelo, vice president, customer service/systems operations and support; Warren W. Dettinger, vice president and general counsel; Donald E. Eagon, Jr., vice president, corporate communications; Bartholomew J. Frazzitta, vice president and general manager, Security Products; Edgar N. Petersen, vice president and general manager, International Sales and Service; Charles B. Scheurer, vice president, human resources; Gregg A. Searle, vice president, Diebold and general manager, InterBold|; Robert L. Stockamp, vice president and controller; and Alben W. Warf, vice president, development and manufacturing, Diebold and InterBold.
 Diebold, Incorporated is a world leader in the automation of self- service transactions, security products, software and service for these systems. Headquartered in Canton, Ohio, Diebold maintains offices worldwide.
 -0- 4/15/92
 /CONTACT: Mary Ann Jackson, senior manager of corporate public relations and advertising, Diebold, Incorporated, 216-497-5026/
 (DBD) CO: Diebold, Incorporated ST: Ohio IN: CPR SU: PER DIV


KK -- CL012 -- 8743 04/15/92 13:14 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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