KCS Holds Annual Meeting of Stockholders, Elects Ten Directors and Announces Preferred and Common Dividends
May 21 2020 - 4:35PM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of
Stockholders on May 21, 2020 virtually via live audio webcast. With
90% of KCS’ outstanding common and preferred stock represented in
person or by proxy at the Annual Meeting, the stockholders:
- elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten,
Antonio O. Garza, Jr., David Garza-Santos, Janet H. Kennedy,
Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick
J. Ottensmeyer to serve on the KCS Board of Directors until the
Annual Meeting of Stockholders in 2021;
- ratified the Audit Committee’s selection of
PricewaterhouseCoopers LLP as KCS’ independent registered public
accounting firm for the year ending December 31, 2020;
- approved an advisory vote on the 2019 compensation of the KCS
named executive officers; and
- rejected a stockholder proposal to allow stockholder action by
written consent.
In addition, at their meeting today, the Board of Directors
declared a regular dividend of $0.25 per share on the outstanding
KCS 4% Non-Cumulative Preferred stock. This dividend is payable on
July 7, 2020, to stockholders of record at the close of business on
June 8, 2020.
The Board of Directors also declared a regular dividend of $0.40
per share on the outstanding KCS common stock. This dividend is
payable on July 8, 2020, to stockholders of record at the close of
business on June 8, 2020.
Headquartered in Kansas City, Mo., KCS is a transportation
holding company that has railroad investments in the U.S., Mexico
and Panama. Its primary U.S. holding is The Kansas City Southern
Railway Company, serving the central and south central U.S. Its
international holdings include Kansas City Southern de Mexico, S.A.
de C.V., serving northeastern and central Mexico and the port
cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent
interest in Panama Canal Railway Company, providing ocean-to-ocean
freight and passenger service along the Panama Canal. KCS' North
American rail holdings and strategic alliances with other North
American rail partners are primary components of a unique railway
system, linking the commercial and industrial centers of the U.S.,
Mexico and Canada.
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version on businesswire.com: https://www.businesswire.com/news/home/20200521005744/en/
KCS: Ashley Thorne, 816-983-1530,
athorne@kcsouthern.com
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