Board Elects Seabrook, Westerlund to Executive Vice President Positions, Declares Dividend
April 26 2006 - 1:57PM
PR Newswire (US)
BROOMFIELD, Colo., April 26 /PRNewswire-FirstCall/ -- Ball
Corporation's (NYSE:BLL) board of directors today elected two of
the company's officers to executive vice president positions. The
board also declared a cash dividend of 10 cents per share. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-a) (Photo:
http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-b) Raymond J.
Seabrook and David A. Westerlund had both been senior vice
presidents of Ball Corporation. Seabrook is now executive vice
president and chief financial officer. Westerlund is executive vice
president, administration, and corporate secretary. R. David
Hoover, chairman of the board, president and chief executive
officer, said the board's action was in recognition of the
important roles Seabrook and Westerlund play in Ball's success and
the added responsibilities they have assumed as the company has
more than doubled in size in recent years. Seabrook had been senior
vice president and chief financial officer since April 2000.
Westerlund had been senior vice president, administration, since
1998 and added corporate secretary duties in 2002. The dividend is
payable June 15, 2006, to shareholders of record on June 1, 2006.
Also today, Ball's shareholders re-elected three directors at the
company's annual meeting. Howard M. Dean, Jan Nicholson and Hoover
were re-elected to three-year terms expiring in 2009. Ball will
announce its first quarter 2006 earnings on Thursday, April 27,
before trading begins on the New York Stock Exchange. Conference
call information is provided below. Ball Corporation is a supplier
of high-quality metal and plastic packaging products and owns Ball
Aerospace & Technologies Corp. Ball reported 2005 sales of $5.8
billion and employs 15,600 people. Conference Call Details Ball
Corporation (NYSE:BLL) will announce its first quarter 2006
earnings on Thursday, April 27, 2006, before trading begins on the
New York Stock Exchange. At 9 a.m. Mountain Time on that day (11
a.m. Eastern), Ball will hold its regular quarterly conference call
on the company's results and performance. The North American
toll-free number for the call is 1-800-741-7590. International
callers should dial +1-212-676-4915. For those unable to listen to
the live call, a taped rebroadcast will be available until 11 a.m.
Mountain Time on May 4, 2006. To access the rebroadcast, dial
800-633-8284 (domestic callers) or +1-402-977-9140 (international
callers) and enter 21287926 as the reservation number. Please use
the following URL for a Web cast of the live call and for the
replay: http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=115234&eventID=1262129 A written transcript
of the call will be posted within 48 hours of the call's conclusion
to Ball's Web site at http://www.ball.com/ in the investor
relations section under "presentations." Forward-Looking Statements
This news release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements. Such statements are subject to
risks and uncertainties which could cause actual results to differ
materially from those expressed or implied. The company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including in Exhibit
99.2 in our Form 10-K. These filings are available at our Web site
and at http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in consumer and customer demand and
preferences; availability and cost of raw materials, including
recent significant increases in resin, steel, aluminum and energy
costs, and the ability to pass such increases on to customers;
competitive packaging availability, pricing and substitution;
changes in climate and weather; fruit, vegetable and fishing
yields; industry productive capacity and competitive activity;
failure to achieve anticipated productivity improvements or
production cost reductions, including those associated with our
beverage can end project; the German mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier
contracts or loss of a major customer or supplier; changes in
foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting. Factors that might
affect our aerospace segment include: funding, authorization,
availability and returns of government contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: acquisitions, joint ventures or divestitures;
integration of recently acquired businesses; regulatory action or
laws including tax, environmental and workplace safety;
governmental investigations; technological developments and
innovations; goodwill impairment; antitrust, patent and other
litigation; strikes; labor cost changes; rates of return projected
and earned on assets of the company's defined benefit retirement
plans; changes to the company's pension plans; reduced cash flow;
interest rates affecting our debt; and changes to unaudited results
due to statutory audits or other effects.
http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-a
http://www.newscom.com/cgi-bin/prnh/20060426/LAW074-b
http://photoarchive.ap.org/ DATASOURCE: Ball Corporation CONTACT:
Investors, Ann T. Scott, +1-303-460-3537, , or Media, Scott
McCarty, +1-303-460-2103, , both of Ball Corporation Web site:
http://www.ball.com/
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