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GETTY PETROLEUM CORP. REPORTS RESULTS OF SHAREHOLDER MEETING AND ELECTION OF OFFICERS, DIRECTORS AND A NEW DIRECTOR

 JERICHO, N.Y., June 17 /PRNewswire/ -- Leo Liebowitz, president and chief executive officer of Getty Petroleum Corp. (NYSE: GTY) today reported that, at the annual shareholders meeting held this morning there were represented in person or by proxy 11,209,000 shares or 89 percent of the issued and outstanding common stock of the company. Messrs. Milton Cooper, Leo Liebowitz, Herbert Lotman, and Milton Safenowitz were re-elected directors.
 Warren G. Wintrub was elected as a new director of the company. Mr. Wintrub is a retired partner, member of the executive committee and chairman of the retirement committee of Coopers & Lybrand, an international professional service organization. He was employed by Coopers & Lybrand for 35 years before his retirement in January of 1992.
 The shareholders also approved the amendment to the 1991 Stock Option Plan which increases the shares of common stock under the plan from 250,000 to 500,000 and ratified the appointment of Coopers & Lybrand as auditors for the company for the fiscal year ended Jan. 31, 1994.
 Immediately following the shareholders meeting, the board of directors reconvened and elected the existing slate of executive officers of the company.
 Getty Petroleum Corp., one of the nation's largest independent marketers of gasoline and petroleum products, markets in a 13 state area, Maine through Virginia. The company is also a marketer of heating oil and is a wholesale distributor of a variety of petroleum products through its east coast petroleum storage and distribution network.
 -0- 6/17/93
 /CONTACT: Stephen Salzman of Getty Petroleum Corp., 516-338-1212/
 (GTY)


CO: Getty Petroleum Corp. ST: New York IN: OIL SU: PER

TS -- NY055 -- 3074 06/17/93 12:09 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:276
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