Quanex Building Products Declares Quarterly Dividend and Announces Planned Chairmanship Transition
December 13 2023 - 4:15PM
Quanex Building Products Corporation (NYSE:NX)
(“Quanex” or the “Company”) today announced that its Board of
Directors (the “Board”) declared a quarterly cash dividend of $0.08
per share on the Company’s common stock, payable December 29, 2023,
to shareholders of record on December 19, 2023.
In addition, Quanex announced that the Board has
determined that George L. Wilson, the Company’s President and
Chief Executive Officer, will also become Quanex’s Chairman of the
Board, effective February 27, 2024. Mr. Wilson will replace current
Chairman William C. Griffiths, who will be retiring from the Board
as of the Company’s next Annual Meeting of Shareholders, in
accordance with the Quanex Corporate Governance Guidelines. Mr.
Wilson’s appointment is subject to his re-election to the Board at
the annual meeting.
About Quanex
Quanex is a global manufacturer with core
capabilities and broad applications across various end markets. The
Company currently collaborates and partners with leading OEMs to
provide innovative solutions in the window, door, vinyl fencing,
solar, refrigeration, custom mixing and cabinetry markets.
Looking ahead, Quanex plans to leverage its material science
expertise and process engineering to expand into adjacent
markets.
Contact:
Scott ZuehlkeSVP, Chief Financial Officer &
Treasurer713-877-5327scott.zuehlke@quanex.com
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