Printer Friendly

PNC SHAREHOLDERS APPROVE DIRECTORS

 PNC SHAREHOLDERS APPROVE DIRECTORS
 PITTSBURGH, April 28 /PRNewswire/ -- The shareholders of PNC


Financial Corp (NYSE: PNC) re-elected 18 directors and elected two new members of the board of directors, at the company's annual shareholders meeting here today.
 The two new directors elected by the company's shareholders are Thomas J. Usher, president of the U.S. Steel Group of USX Corp. and Helge H. Wehmeier, president and chief executive officer of Miles, Inc.
 Re-elected were Robert N. Clay, president of Clay Holding Co.; Patricia J. Clifford, a volunteer civic leader; William G. Copeland, chairman of the Continental American Life Insurance Co. of Delaware; Douglas D. Danforth, chairman of Pittsburgh Baseball, Inc.; George A. Davidson Jr., chairman and chief executive officer of Consolidated Natural Gas Co.; C.G. Grefenstette, president and chief executive officer of The Hillman Co.; Paul E. Lego, chairman and chief executive officer of Westinghouse Electric Corp.; W. Craig McClelland, president and chief operating officer of Union Camp Corp.; Thomas Marshall, chairman and chief executive officer of Aristech Chemical Corp.; Donald I. Moritz, president and chief executive officer of Equitable Resources, Inc.; T. Ballard Morton Jr., executive-in-residence of School of Business, University of Louisville; Thomas H. O'Brien, chairman and chief executive officer of PNC; Jackson H. Randolph, president and chief executive officer of The Cincinnati Gas & Electric Co.; James E. Rohr, president of PNC and chairman and chief executive officer of Pittsburgh National Bank; Roderic H. Ross, chairman and chief executive officer of Keystone State Life Insurance Co.; Vincent A. Sarni, chairman and chief executive officer of PPG Industries, Inc.; Richard P. Simmons, chairman and chairman of the executive committee of Allegheny Ludlum Corp.; and Jack Twyman, chairman and chief executive officer of Super Food Services, Inc.
 Shareholders also voted to approve amendments to the PNC Financial Corp 1987 Senior Executive Long-Term Incentive Plan and adoption of the PNC Financial Corp 1992 Director Share Incentive Plan.
 The primary amendments to Senior Executive Long-Term Incentive Plan are to extend its term approximately five years and to replenish the number of shares of common stock available for grants and awards. The Director Plan is intended as an incentive to encourage nonemployee directors, who are not eligible to participate in the company's other stockbased compensations programs, to increase their stock ownership and proprietary interest in PNC and to continue as directors. It is also designed to continue to attract individuals of outstanding ability to serve as non-employee directors.
 PNC Financial Corp, headquartered in Pittsburgh, is the nation's 14th-largest bank holding company, with assets of $43.8 billion. It operates approximately 500 community banking offices in Pennsylvania, Kentucky, Ohio, Indiana and Delaware and conducts business through additional offices in 16 states.
 PNC's principal banking affiliates include: Pittsburgh National Bank, Pittsburgh; Provident National Bank, Philadelphia; Citizens Fidelity Bank, Louisville, Ky.; Central Trust, Cincinnati; Bank of Delaware, Wilmington, Del.; Northeastern Bank, Scranton, Pa.; Marine Bank, Erie, Pa.; PNC National Bank, Wilmington, Del.; Hershey Bank, Hershey, Pa.; and The First Bank and Trust Company, Mechanicsburg, Pa.
 -0- 4/28/92
 /CONTACT: Jonathan Williams, media, 412-762-4550, or at home, 412-257-3257, or William H. Callihan, investors, 412-762-8257/
 (PNC) CO: PNC Financial Corp ST: Pennsylvania IN: FIN SU: PER


CD-JT -- PG009 -- 3929 04/28/92 15:05 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 28, 1992
Words:539
Previous Article:THOMAS C. SPECK NAMED PRESIDENT AND COO OF ROBERT SILVERMAN, INC.; FOUNDER ROBERT SILVERMAN TO REMAIN AS CHAIRMAN OF THE BOARD AND CEO
Next Article:SOUTH CAROLINA ELECTRIC & GAS COMPANY ANNOUNCES BOND REDEMPTION


Related Articles
PNC BOARD APPROVES CCNB ACQUISITION
PNC BOARD APPROVES FLAGSHIP FINANCIAL ACQUISITION
FIRST NATIONAL SHAREHOLDERS APPROVE MERGER AGREEMENT
PNC BANK CORP. INCREASES DIVIDEND TO 32 CENTS
FIRST EASTERN SHAREHOLDERS APPROVE MERGER AGREEMENT WITH PNC BANK CORP.
PNC BANK CORP. SHAREHOLDERS RE-ELECT DIRECTORS AND APPROVE INCENTIVE AWARD PLAN
PNC BANK CORP. SHAREHOLDERS APPROVE MERGER WITH MIDLANTIC CORPORATION
PNC BANK CORP. SHAREHOLDERS ELECT 21 DIRECTORS
Federal Reserve Approves PNC's National City Acquisition.
PNC and National City shareholders approve merger.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters