Pool Corporation Announces Director Appointment and Declares Quarterly Cash Dividend
August 02 2019 - 07:00AM
Pool Corporation (NASDAQ/GSM:POOL) announced today that its Board
of Directors (the Board) has increased its size to nine members.
Upon recommendation of the Nominating and Corporate Governance
Committee, the Board appointed President and Chief Executive
Officer, Peter D. Arvan (Pete), to serve as a director, effective
July 31, 2019 until the 2020 annual meeting of shareholders,
at which time he will stand for election by Pool Corporation’s
shareholders.
John E. Stokely, Chairman of the Board,
commented, “Pete’s steady leadership has demonstrated his depth of
experience and reaffirmed his commitment to Pool Corporation’s
employees and shareholders. We are confident that Pete will
continue to create exceptional value for our shareholders as he has
done since his appointment as CEO.”
Additionally, the Company announced that its
Board declared a quarterly cash dividend of $0.55 per share. The
dividend will be payable on August 29, 2019 to holders of
record on August 15, 2019.
Pool Corporation is the world’s largest
wholesale distributor of swimming pool and related backyard
products. POOLCORP operates approximately 370 sales centers in
North America, Europe, South America and Australia through which it
distributes more than 180,000 national brand and private label
products to roughly 120,000 wholesale customers. For more
information about POOLCORP, please visit www.poolcorp.com.
This news release may include “forward-looking”
statements that involve risk and uncertainties. The forward-looking
statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially due to a variety of factors,
including the sensitivity of the swimming pool supply business to
weather conditions and other risks detailed in POOLCORP’s 2018 Form
10-K filed with the Securities and Exchange Commission.
CONTACT:
Curtis J. ScheelDirector of Investor
Relations985.801.5341curtis.scheel@poolcorp.com
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