Printer Friendly

BROAD INC. SHAREHOLDERS APPROVE NAME CHANGE TO 'SUNAMERICA'

 LOS ANGELES, Jan. 29 /PRNewswire/ -- Shareholders at today's annual meeting of Broad Inc. (NYSE: BRO) approved changing the company's name to "SunAmerica Inc." The change will take effect on Feb. 1 and the company's stock will begin trading under the NYSE ticker symbol "SAI" on Feb. 2.
 "Since 1989, we've used the SunAmerica name as a registered service mark to market our products and services to the growing preretirement savings market," said Eli Broad, chairman, president and chief executive officer. "By unifying our corporate name with our identity in the financial services marketplace, we expect to strengthen our impact with all audiences."
 In other actions, shareholders also approved proposals to increase the number of authorized shares of preferred stock from 7 million to 20 million and to increase the number of shares of common stock available for issuance under the company's 1988 Employee Stock Plan.
 The SunAmerica companies market fixed and variable annuities, mutual funds, private investment counseling and retirement trust services to the preretirement market. Assets owned or under management at Dec. 31, 1992, exceeded $16 billion.
 -0- 1/29/93
 /CONTACT: Pat Harden or Tim McGarry of Broad, 310-312-5000/
 (BRO)


CO: Broad Inc.; SunAmerica Inc. ST: California IN: FIN SU:

JL-JB -- LA037 -- 0978 01/29/93 17:38 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:Jan 29, 1993
Words:211
Previous Article:SAS SELECTS WICAT'S B737 TRAINING SYSTEM
Next Article:SAHARA CASINO PARTNERS L.P. ANNOUNCES IMPROVED FIRST-QUARTER RESULTS
Topics:


Related Articles
BROAD INC. ANNOUNCES QUARTERLY DIVIDEND
BROAD INC. ANNOUNCES QUARTERLY DIVIDEND ON $1.11 DEPOSITARY SHARES
BROAD INC. ANNOUNCES QUARTERLY DIVIDENDS
GARY W. KRAT ELECTED SENIOR VICE PRESIDENT OF BROAD INC.; KRAT WILL HEAD SUNAMERICA ANNUITY MARKETING ORGANIZATION
BROAD INC. FILES REGISTRATION STATEMENT FOR 3 MILLION DEPOSITARY SHARES
SUNAMERICA INC. COMMERCIAL PAPER RATED DUFF 1
SUNAMERICA INCREASES COMMON DIVIDEND
SUNAMERICA ANNOUNCES APPROVAL OF 2-FOR-1 STOCK SPLIT AND EXPECTS TO INCREASE CASH DIVIDEND LEVEL IN NOVEMBER
SunAmerica Inc. to Merge With AIG for Stock Valued at Approximately $18 Billion
Jay Wintrob Elected Chief Operating Officer of SunAmerica Inc.

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