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EMPLOYEE BENEFIT PLANS, INC. TO INCREASE BOARD OF DIRECTORS TO NINE MEMBERS

 EMPLOYEE BENEFIT PLANS, INC. TO INCREASE
 BOARD OF DIRECTORS TO NINE MEMBERS
 MINNEAPOLIS, Sept. 14 /PRNewswire/ -- Employee Benefit Plans, Inc. (NYSE: EBP) today announced in its proxy statement to shareholders that it proposes to increase its board of directors to nine members, including five outside directors. The proposed additions to the board include an officer of the company and two new outside directors. All board members serve for one-year terms after election at the company's annual meeting on October 15.
 Current board members standing for re-election are: William E. Sagan, 43, chairman, president and chief executive officer; Robert P. Brook, 38, senior vice president, sales and marketing; Michael J. Goran, 51, president, August Healthcare Services, Inc.; Duncan H. Cocroft, 49, vice president, finance and chief financial officer, International Multifoods Corporation; Miles E. Efron, 65, chairman of the board, North Star Universal, Inc.; and James B. Lockhart, 42, president, Popham, Haik, Schnobrich & Kaufman, Ltd.
 New nominees to the board of directors include: Richard J. Braun, 47, senior vice president and chief operating officer, EBP; Robert W. Fischer, 73, president, Robert W. Fischer & Co., Inc. -- a private financial consulting and investment banking firm; and Arch J. McGill, 61, president, Chardonnay, Inc. -- a venture capital and business advisory service firm.Employee Benefit Plans, Inc. is a leader in providing products and services to companies throughout the United States who self-fund their employee benefit programs. The company has sales of more than $200 million, and is headquartered in Minneapolis.
 -0- 9/14/92
 /CONTACT: Employee Benefit Plans, 612-546-4353; or John Mackay of Padilla Speer Beardsley, 612-871-8877, for EBP/
 (EBP) CO: Employee Benefit Plans, Inc. ST: Minnesota IN: INS SU: PER


KH -- MN003 -- 9115 09/14/92 11:31 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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