Georgia R. Nelson Elected to Board; Company Declares Dividend, Elects to Delist From Former Pacific Stock Exchange
July 26 2006 - 3:23PM
PR Newswire (US)
BROOMFIELD, Colo., July 26 /PRNewswire-FirstCall/ -- Georgia R.
Nelson, president and chief executive officer PTI Resources, LLC,
an independent energy consulting firm, was elected today to the
Ball Corporation (NYSE:BLL) board of directors during the board's
regular meeting. Nelson was the founding president of Midwest
Generation EME, an Edison International company, and has 35 years
of experience in the energy industry in the United States and
worldwide. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060726/LAW077) "Georgia
Nelson's extensive domestic and international business experience
will be a significant asset to Ball," said R. David Hoover,
chairman, president and chief executive officer. "We will benefit
greatly from Georgia's knowledge and we are extremely pleased to
have someone of her stature on our board." Ball's board of
directors also declared a cash dividend of 10 cents per share,
payable Sept. 15, 2006, to shareholders of record on Sept. 1, 2006.
Finally, Ball also announced plans to withdraw its listing from
NYSE Arca (formerly the Pacific Stock Exchange) effective upon
approval by NYSE Arca. The company chose to voluntarily delist
rather than submit a plan to regain compliance with NYSE Arca's
technical net worth and net tangible assets requirements and pay
the exchange's proposed increased listing fee. The needs of Ball's
shareholders will continue to be fully met through its NYSE listing
under ticker symbol BLL. Ball will announce its second quarter 2006
earnings on Thursday, July 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 second quarter 2006 earnings on Thursday, July 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 1-800-779-2954.
International callers should dial +1-212-676-5377. For those unable
to listen to the live call, a taped rebroadcast will be available
until 10 p.m. Mountain Time on Aug. 3, 2006. To access the
rebroadcast, dial 800-633-8284 (domestic callers) or
+1-402-977-9140 (international callers) and enter 21298143 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=1343616 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/20060726/LAW077
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/
Copyright
Ball (NYSE:BLL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ball (NYSE:BLL)
Historical Stock Chart
From Jul 2023 to Jul 2024