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Vulcan Materials Shareholders Elect All Vulcan Board Nominees At 2012 Annual Meeting









BIRMINGHAM, Ala., June 1, 2012 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) today announced that, based on preliminary results from today's annual meeting, shareholders have re-elected the Company's entire slate of director nominees.  Vulcan directors Phillip W. Farmer, H. Allen Franklin, Richard T. O'Brien and Donald B. Rice each received a substantial majority of votes cast at the meeting. 

The Company issued the following statement regarding the voting results:  "We sincerely appreciate the support of shareholders throughout this process.  Our Board and management team are committed to enhancing value for Vulcan shareholders, including through the implementation of our Profit Enhancement Plan and Planned Asset Sales and by continuing to capture the benefits of our superior aggregates operations and operating leverage."  

In addition, Vulcan shareholders approved on an advisory basis the Company's Executive Compensation Program, ratified the appointment of Deloitte & Touche LLP as the Company's auditor and approved several advisory shareholder proposals voted on at the meeting.

Results of the voting at today's Annual Meeting of Shareholders, which are expected to be certified shortly by IVS Associates, Inc., the independent Inspector of Elections, will be publicly filed with the U.S. Securities and Exchange Commission.

About Vulcan Materials Company

Vulcan Materials Company, a member of the S&P 500 index, is the nation's largest producer of construction aggregates, a major producer of asphalt mix and concrete and a leading producer of cement in Florida.

ADDITIONAL INFORMATION

Vulcan filed a definitive proxy statement and a WHITE proxy card with the SEC with respect to the 2012 Annual Meeting of Shareholders.  The definitive proxy statement and WHITE proxy card was mailed to shareholders of Vulcan. Vulcan, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from Vulcan shareholders in connection with the matters considered at the annual meeting. INVESTORS AND SECURITY HOLDERS OF VULCAN ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  Investors and security holders will be able to obtain free copies of these and other documents filed with the SEC by Vulcan through the website maintained by the SEC at http://www.sec.gov.

Detailed information regarding the identity of participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement and other materials filed with the SEC in connection with Vulcan's 2012 Annual Meeting.  Information regarding the direct and indirect beneficial ownership of Vulcan's directors and executive officers in Vulcan's securities is included in their SEC filings on Forms 3, 4 and 5, and additional information can also be found in Vulcan's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the SEC on February 29, 2012, and its Quarterly Report on Form 10-Q  for the first quarter ended March 31, 2012, filed on May 2, 2012.  Shareholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by Vulcan with the SEC for no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge under the "Investor Relations" tab of our corporate website at www.vulcanmaterials.com.

FORWARD-LOOKING STATEMENT DISCLAIMER

This document contains forward-looking statements.  Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements.  Generally, these statements relate to future financial performance, results of operations, business plans or strategies, projected or anticipated revenues, expenses, earnings (including EBITDA and other measures), dividend policy, shipment volumes, pricing, levels of capital expenditures, intended cost reductions and cost savings, anticipated profit improvements and/or planned divestitures and asset sales. These forward-looking statements are sometimes identified by the use of terms and phrases such as "believe," "should," "would," "expect," "project," "estimate," "anticipate," "intend," "plan," "will," "can," "may" or similar expressions elsewhere in this document.  These statements are subject to numerous risks, uncertainties, and assumptions, including but not limited to general business conditions, competitive factors, pricing, energy costs, and other risks and uncertainties discussed in the reports Vulcan periodically files with the SEC.

Stock quotes in this article: VMC 

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