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FLOW INTERNATIONAL ADOPTS STOCK OWNERSHIP PROGRAM

 KENT, Wash., June 24 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) announced today that it had adopted a mandatory stock ownership program for its president and senior executives.
 This program sets stock ownership goals ranging from 300 percent to 100 percent of annual base salaries for the senior executives and provides that a portion of bonuses must be directed toward stock purchases until the goals are met. Executives have been given five years to achieve the target levels.
 The company plans to implement the stock ownership portion of the plan for all management personnel and employees in upcoming fiscal years.
 "The program is intended to make management think like shareholders," commented Kenneth M. Roberts, chairman of the board's compensation committee. "We believe that an executive who shares the same risks as shareholders will manage the company with the long-term interests of the shareholders in mind."
 Roberts noted that an increasing number of publicly held companies have recently instituted similar mandatory stock ownership plans.
 Flow International Corp. is the world's leading manufacturer of ultrahigh-pressure waterjets and related products and services for the industrial cutting, cleaning and construction services markets.
 -0- 6/24/93
 /CONTACT: Thomas A. Cross or Steve Reichenbach of Flow International, 800-645-6992 or 206-813-3286/
 (FLOW)


CO: Flow International Corp. ST: Washington IN: SU:

SB-SW -- SE003 -- 5176 06/24/93 09:06 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:222
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