Printer Friendly

KUHLMAN CORPORATION HOLDS ANNUAL MEETING, ELECTS DIRECTORS AND OFFICERS, DECLARES DIVIDEND

 SAVANNAH, Ga., June 9 /PRNewswire/ -- Kuhlman Corporation (NYSE: KUH) today reported that at its annual meeting of shareholders held in Savannah, shareholders re-elected Steve Cenko, Robert S. Jepson Jr., and John L. Marcellus Jr., to three-year terms on its board of directors; elected William E. Burch to a new two-year term; and elected William M. Kearns Jr., and Robert D. Kilpatrick to new one-year terms. Burch is of counsel at the law firm of Lukins & Annis in Spokane, Wash.; Kearns is an investment banker with Lehman Brothers in New York City; and Kilpatrick is the former chairman and chief executive officer of CIGNA Corporation. Shareholders also approved a corporate restructuring under which the corporation would be reincorporated in Delaware as a holding company. Shareholders likewise approved an amendment to an existing stock option plan and adopted a new stock plan for non-employee directors. At the shareholders meeting, Jepson reiterated that he expects the balance of 1993 to be challenging and extremely competitive.
 The board of directors elected Jepson, the corporation's current president and chief executive officer, to the additional position of chairman of the board, succeeding Donald O. Dulude, who will remain as chairman emeritus. The board also elected Richard A. Walker to the position of executive vice president, general counsel and secretary, and Vernon J. Nagel to the position of vice president of finance, chief financial officer and treasurer of the corporation. Prior to joining the corporation, Nagel held similar positions with Stericycle, Inc. and The Jepson Corporation.
 The board of directors also declared a regular quarterly dividend of 15 cents per share, payable July 12, 1993, to shareholders of record June 21, 1993.
 Kuhlman Corporation is a holding company involved in the manufacturing of distribution, power and instrument transformers, and spring products.
 -0- 6/9/93
 /CONTACT: Kuhlman Corporation, Investor Relations, 1 Skidaway Village Walk, Suite 201, Savannah, GA 31411, 912-598-7809/
 (KUH)


CO: Kuhlman Corporation ST: Georgia IN: SU: PER DIV

KE-JG -- DE014 -- 0342 06/09/93 17:56 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 9, 1993
Words:332
Previous Article:CREDIT UNIONS OFFER FEWER, LOWER FEES
Next Article:THE CANTON INDUSTRIAL CORP. PURCHASES INSURANCE DEBENTURES
Topics:


Related Articles
KUHLMAN DECLARES QUARTERLY DIVIDEND
KUHLMAN DECLARES QUARTERLY DIVIDEND, ANNOUNCES ELECTION OF DIRECTORS
KUHLMAN ANNOUNCES MANAGEMENT TRANSITION
KUHLMAN ADDS NEW DIRECTORS AND DECLARES QUARTERLY DIVIDEND
KUHLMAN DECLARES QUARTERLY DIVIDEND
GENERAL H. NORMAN SCHWARZKOPF JOINS KUHLMAN CORPORATION BOARD OF DIRECTORS; KUHLMAN DECLARES QUARTERLY DIVIDEND
CURTIS G. ANDERSON ELECTED PRESIDENT AND CHIEF OPERATING OFFICER OF KUHLMAN CORPORATION; KUHLMAN DECLARES QUARTERLY DIVIDEND, HOLDS ANNUAL MEETING,...
KUHLMAN CORPORATION COMPLETES MERGER WITH SCHWITZER; SHAREHOLDERS RE-ELECT DIRECTORS; BOARD DECLARES QUARTERLY DIVIDEND
GARY G. DILLON JOINS KUHLMAN CORPORATION BOARD OF DIRECTORS
KUHLMAN CORPORATION DECLARES QUARTERLY DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters