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BALDOR ELECTRIC ANNOUNCES MANAGEMENT PROMOTION AND STOCK SPLIT AND DIVIDEND INCREASE

 BALDOR ELECTRIC ANNOUNCES MANAGEMENT PROMOTION
 AND STOCK SPLIT AND DIVIDEND INCREASE
 FORT SMITH, Ark., Nov. 9 /PRNewswire/ -- R.S. Boreham Jr., chairman of Baldor Electric Company (NYSE: BEZ), announced today that his recommendation to the board that Dr. R.L. Qualls be elected to the additional post of CEO has been approved effective Jan. 1, 1993.
 Boreham said: "R.L. has done a great job in his position as president and COO. His promotion to president and CEO is timely and well-deserved. This makes us feel even more confident about the future of Baldor."
 Boreham will retain the positions of chairman of the board and chairman of the executive committee.
 Also at its meeting, the board of directors declared a three-for-two common stock split, in the form of a 50 percent stock dividend, payable on Dec. 18, to shareholders of record on Nov. 25. Each new share issued will be accompanied by one right and payment for fractional shares will be made in cash, based upon the closing price on Nov. 25.
 The board also declared a cash dividend, payable Jan. 18, 1993, to shareholders of record on Dec. 30, 1992, of $0.095 per share based on the increased shares outstanding after the stock dividend, resulting in a 9.6 percent increase.
 -0- 11/9/92
 /CONTACT: R.S. Boreham, chairman and CEO, or R.L. Qualls, president and COO of Baldor Electric, 501-646-4711/
 (BEZ) CO: Baldor Electric Company ST: Arkansas IN: ST: PER DIV


BR-EA -- AT005 -- 8769 11/09/92 14:02 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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