Dorothy G. Owen elected to CMC board; Regular quarterly cash dividend declared.DALLAS--(BUSINESS WIRE)-- March 15, 1995--Commercial Metals Company (NYSE NYSE See: New York Stock Exchange : CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. ) today announced the election of Dorothy G. Owen to its board of directors. Owen was chairman of Owen Steel Company, Inc., headquartered in Columbia, S.C., when it was recently acquired by Commercial Metals Company Commercial Metals Company NYSE: CMC is an United States based steel and metal manufacturer founded in 1915. It owns four steel minimills in Texas, Alabama, South Carolina and Arkansas, one copper minimill (Howell Metal Company) in Virginia, fabricators, and recyclers in the to become SMI-Owen Steel Company, Inc. Owen is a graduate of Furman University and received an MBA from Appalachian State University History Appalachian State University began in the summer of 1899 when a group of citizens of Watauga County, NC, under the leadership of D.D. Dougherty and B.B. Dougherty, began a movement to establish a good school in Boone, NC. Land was donated by D.B. . She headed the company, founded by her husband and father-in-law, following her husband's death in 1982. She has been named one of America's top 25 women business owners Many online and offline organizations have been created to collect information about businesses around the world owned and operated by women. Many other organizations have been created to assist the women that own and operate those businesses. by Working Woman magazine and has served on numerous corporate, civic and industry organization boards including BB&T Financial Corporation, Colonial Companies, Inc., South Carolina Ports Authority, South Carolina Educational Foundation, The University of South Carolina
• • School of Medicine Foundation and the American Institute of Steel Construction. In making the announcement, CMC President and Chief Executive Officer Stanley A. Rabin said, "Mrs. Owen brings to our board a wealth of invaluable expertise in our industry. We know her contributions will be a great asset." The election of Owen expands the CMC board to 10 members. Owen's term will expire in 1996 at which time she will stand for election at the company's annual meeting of stockholders. In other business, the CMC board declared a quarterly cash dividend of 12 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on common stock to shareholders of record April 14, 1995, payable April 28, 1995. This is the 122nd consecutive quarterly cash dividend. Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network of over 90 locations including steel minimills, steel fabrication plants, a copper tube mill, recycling facilities and trading offices in the United States and trading and representative offices in strategic overseas markets. CONTACT: Commercial Metals Company Bob Davis, 214/631-4120 |
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