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ZENITH ELECTRONICS CORP. STOCKHOLDERS APPROVE AUTHORIZATION TO ISSUE PREFERRED STOCK

 GLENVIEW, Ill., May 4 /PRNewswire/ -- Stockholders of Zenith Electronics Corp. (NYSE: ZE) today voted to amend the company's certificate of incorporation to authorize the issuance of preferred stock. The ability to issue preferred stock, as approved at today's annual meeting, will provide the company with another means of raising additional capital.
 As described in the proxy statement for today's meeting, the preferred stock will not be used for any defensive or anti-takeover purpose. The authorization also contains certain limitations on the voting rights of any preferred shares to be issued.
 Stockholders also elected 10 individuals to one-year terms on the company's board of directors:
 Harry G. Beckner, management consultant and retired chief operating officer, H.E. Butt Grocery Company; T. Kimball Brooker, president, Barbara Oil Company; David H. Cohen, provost, Northwestern University; G. Ralph Guthrie, retired chairman, Urban Investment and Development Co.; and Charles Marshall, retired vice chairman of the board, AT&T.
 Also, Andrew McNally IV, president and chief executive officer, Rand McNally & Company; Gerald M. McCarthy, Zenith senior vice president, sales and marketing; Albin F. Moschner, Zenith senior vice president, operations; Jerry K. Pearlman, Zenith chairman, president and chief executive officer; and Peter S. Willmott, chairman of the board, McFrugals Bargains - Close-Outs Inc., and chairman and chief executive officer, Willmott Services Inc.
 In other actions, stockholders ratified the selection of Arthur Andersen & Co. as the company's independent auditors for 1993, and rejected two stockholder proposals (one on cumulative voting, and one on a request for a report on Zenith operations in Mexico).
 -0- 5/4/93
 /CONTACT: John Taylor, 708-391-8181, or (investors) Seymour Lipton 708-391-7713, both of Zenith/
 (ZE)


CO: Zenith Electronics Corp. ST: Illinois IN: CPR SU:

TS -- NY070 -- 4434 05/04/93 15:08 EDT
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Publication:PR Newswire
Date:May 4, 1993
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