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FURR'S/BISHOP'S ANNOUNCES RESULTS OF ANNUAL MEETING; PASSING OF DIVIDEND

 LUBBOCK, Texas, July 13 /PRNewswire/ -- Furr's/Bishop's, Incorporated (NYSE: CHI), today announced that Donald W. Fritz and E.W. Williams Jr. were elected at the corporation's annual meeting of stockholders to serve as members of the board of directors of the corporation for three-year terms expiring at the corporation's 1996 annual meeting. Also at the annual meeting, Deloitte & Touche was ratified as the corporation's independent accountants for fiscal year 1993. No action was taken at the annual meeting by the holders of the corporation's Series A convertible preferred stock with respect to the election of two directors by such holders due to the lack of a quorum of the holders of convertible preferred stock at the annual meeting.
 Furr's/Bishop's also said that its board of directors has voted to pass and not pay the third quarter dividend of $.2925 per share on the corporation's Series A convertible preferred stock. The corporation has not paid the quarterly dividend on the Series A convertible preferred stock since the second quarter of 1991.
 Furr's/Bishop's, Incorporated, is one of the largest operators of cafeterias in the United States, operating 119 cafeterias and buffets in 11 states in the Southwest, West and Midwest under the name "Furr's,"a?feteri as nd buffets in five states in the Midwest under the name "Bishop" and nine specialty restaurants in six states.
 -0- 7/13/93
 /CONTACT: Joe W. Conner, chief financial officer of Furr's/Bishop's, 806-792-7151/
 (CHI)


CO: Furr's/Bishop's, Incorporated ST: Texas IN: LEI SU: PER DIV

GK -- NY048 -- 0911 07/13/93 13:09 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:262
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