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CMI CORP. APPROVES PROPOSALS AT SHAREHOLDERS MEETING

 CMI CORP. APPROVES PROPOSALS AT SHAREHOLDERS MEETING
 OKLAHOMA CITY, Feb. 13 /PRNewswire/ -- CMI Corp. (AMEX: CMX)


announced today that each of the proposals presented for consideration to the shareholders of the company at the Special Meeting of Shareholders held Feb. 7 were approved by the shareholders. Specifically, the shareholders of the company (i) elected Joseph J. Finn-Egan and Jeffrey A. Lipkin to serve as directors of the company for a term of three years each, (ii) ratified the issuance of 6,666,667 shares of common stock, $0.10 par value per share ("common stock") of the company to Recovery Equity Investors, L.P., a Delaware limited partnership, and various other transactions consummated in connection therewith and (iii) approved the amendment and restatement of the company's Amended Certificate of Incorporation. The company anticipates that the amendment and restatement of the company's Amended Certificate of Incorporation will be effective as of the close of business Friday, Feb. 14.
 -0- 2/13/92
 /CONTACT: Jim D. Holland of CMI Corp., 405-787-6020/
 (CMX) CO: CMI Corp. ST: Oklahoma IN: SU:


LM -- SE011 -- 9971 02/13/92 17:10 EST
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Publication:PR Newswire
Date:Feb 13, 1992
Words:186
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