KCS news release:
KCS Holds Annual Meeting of Stockholders, Elects Eight Directors and Announces Preferred and Common DividendsMay 05, 2017
Kansas City, Mo., May 5, 2017. Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 4, 2017 in Kansas City, Missouri. With 89% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
- elected Lu M. Córdova, Robert J. Druten, Terrence P. Dunn, Antonio O. Garza, Jr., David Garza-Santos, Thomas A. McDonnell, Patrick J. Ottensmeyer and Rodney E. Slater to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2018;
- ratified the Audit Committee’s selection of KPMG LLP as KCS’ independent registered public accounting firm for the year ending December 31, 2017;
- approved the Kansas City Southern 2017 Equity Incentive Plan;
- approved an advisory vote on the 2016 compensation of the KCS named executive officers;
- selected one year as the preferred frequency of holding future advisory votes on the compensation of the KCS named executive officers; and
- rejected a stockholder proposal requesting amendments to the Company’s proxy access bylaw provision.
In addition, at their meeting today, the Board of Directors declared a regular dividend of $0.25 per share on the outstanding KCS 4% Non-Cumulative Preferred stock. This dividend is payable on July 3, 2017, to stockholders of record at the close of business on June 12, 2017.
The Board of Directors also declared a regular dividend of $0.33 per share on the outstanding KCS common stock. This dividend is payable on July 5, 2017, to stockholders of record at the close of business on June 12, 2017.
