Oil-Dri Announces Appointment of Lawrence E. Washow as Vice Chairman of the Board and Declaration of Quarterly Dividends
Oil-Dri Corporation of America (NYSE:ODC) announced that effective
today, Lawrence E. Washow, a current director, has been appointed
as Vice Chairman of its Board of Directors.
Daniel S. Jaffee, Chairman, President and Chief Executive
Officer, commented, “Larry has brought a wealth of expertise to
Oil-Dri’s Board of Directors over the past seven years. His global
experience in minerals, mining, manufacturing and distribution has
proven to be invaluable to the Company. We look forward to
benefiting from Larry’s leadership in his new role as Vice Chairman
of the Board.”
Mr. Washow has been a member of the Company’s Board of Directors
since 2013 and serves on its Audit and Executive Committees. He had
a distinguished career at AMCOL International Corporation (now
Mineral Technologies Inc.) where he held many leadership roles
including President, Chief Executive Officer and Director. He also
serves as a board member and partner of Eudora Global, LLC and a
board member of Aspire Brands, Inc. Mr. Washow is a private
investor and advisor for a number of early stage companies.
In addition to this appointment, Oil-Dri’s Board of Directors
today declared quarterly cash dividends of $0.26 per share of the
Company’s Common Stock and $0.195 per share of the Company’s Class
The dividends declared will be payable on November 27, 2020 to
stockholders of record at the close of business on November 13,
2020. The Company has paid cash dividends continuously since 1974
and has increased dividends annually for seventeen consecutive
Oil-Dri expects to release earnings for its first quarter of
fiscal 2021 after the close of the U.S. stock market on Monday,
December 7, 2020.
Due to the uncertainty and concerns relating to the COVID-19
pandemic, Oil-Dri will host its first quarter fiscal 2021 earnings
discussion and its Annual Meeting of Stockholders virtually via a
live webcast on Tuesday, December 8, 2020 at 9:30 am Central Time.
The record date for voting eligibility at the Annual Meeting was
Friday, October 9, 2020.
Participation details will be communicated via web alert
approximately one week prior to the webcast and posted on our
website’s Events page.
Oil-Dri Corporation of America is a leading manufacturer and
supplier of specialty sorbent products for the pet care, animal
health and nutrition, fluids purification, agricultural
ingredients, sports field, industrial and automotive markets.
Oil-Dri is vertically integrated which enables the Company to
efficiently oversee every step of the process from research and
development to supply chain to marketing and sales. With over 75
years of experience, the Company continues to fulfill its mission
to Create Value from Sorbent Minerals. To learn more about the
Company, visit oildri.com.