Robert W. Alspaugh Elected to Board; Company Authorizes Repurchase of Common Stock, Declares Dividend
January 23 2008 - 4:10PM
PR Newswire (US)
BROOMFIELD, Colo., Jan. 23 /PRNewswire-FirstCall/ -- Robert W.
Alspaugh, former chief executive officer of KPMG International, was
elected today to the Ball Corporation (NYSE:BLL) board of directors
during the board's regular meeting. Alspaugh worked at KPMG
International for 36 years and was responsible for implementing the
company's global strategy in 150 countries. (Photo:
http://www.newscom.com/cgi-bin/prnh/20080123/LAW106) "Bob Alspaugh
's background working with a diverse array of clients across many
industries, including manufacturing, and his global expertise will
benefit Ball as we continue to expand our business in new and
developing markets," said R. David Hoover, chairman, president and
chief executive officer. "We are pleased to welcome Bob to Ball,
and look forward to gaining from his extensive experience."
Alspaugh, 60, is on the boards of Autoliv Inc., a worldwide leader
in automotive safety systems based in Stockholm, and Fritz
Institute, non-profit organization based in San Francisco that
works in partnership with governments, non-profit organizations and
corporations to facilitate rapid and effective disaster response
and recovery. Ball's board of directors also authorized the
repurchase by the company of up to a total of 12 million shares of
its common stock. This repurchase authorization replaces all
previous authorizations. Additionally, Ball's board of directors
declared a dividend on the company's common stock of 10 cents per
share, payable March 17, 2008, to shareholders of record on March
3, 2008. Ball Corporation is a supplier of high-quality metal and
plastic packaging for beverage, food and household products
customers, and of aerospace and other technologies and services,
primarily for the U.S. government. Ball Corporation and its
subsidiaries employ more than 15,500 people worldwide and reported
2006 sales of $6.6 billion. Earnings Conference Call Details Ball
will announce its fourth quarter and full-year 2007 earnings
tomorrow before trading begins on the New York Stock Exchange. The
company will hold its regular quarterly conference call on the
company's results and performance tomorrow at 8 a.m. Mountain Time
(10 a.m. Eastern). The North American toll-free number for the call
is 800-909-4795. International callers should dial 212-231-2901.
Please use the following URL for a Web cast of the live call:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=115234&eventID=1729222 For those unable to
listen to the live call, a taped replay will be available after its
conclusion until midnight Eastern Time on Jan. 31, 2008. To access
the replay, call 800-633-8284 (North American callers) or
402-977-9140 (international callers) and use reservation number
21363683. 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 investors section under
"presentations." Forward-Looking Statements This 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 Exhibit 99.2 in our
Form 10-K, which are available at our Web site and at
http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in product 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; crop yields; competitive activity; failure to
achieve anticipated productivity improvements or production cost
reductions, including our beverage can end project; mandatory
deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or
supplier; and changes in foreign exchange rates, tax rates and
activities of foreign subsidiaries. Factors that might affect our
aerospace segment include: funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: accounting changes; changes in senior management;
successful or unsuccessful 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; pension changes; 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/20080123/LAW106 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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