This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sherwin-Williams Declares Dividend; Approves Majority Voting Proposal To Shareholders

CLEVELAND, Oct. 18, 2012 /PRNewswire/ -- The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.39 per common share, payable on November 30, 2012, to shareholders of record on November 16, 2012.

In addition, the Board of Directors voted today to submit a proposal to shareholders to adopt a majority voting standard for the election of directors at Sherwin-Williams' 2013 Annual Meeting of Shareholders.

Shareholders will be asked to vote on an amendment to Sherwin-Williams' Amended Articles of Incorporation that would implement a majority voting standard for uncontested elections of directors in place of plurality voting.  A plurality voting standard would continue to apply in contested elections of directors. 

If Sherwin-Williams' shareholders approve the proposal, the Board would also amend its Corporate Governance Guidelines to conform its director resignation policy to the majority voting standard so that a holdover incumbent director who did not receive the requisite majority vote would be required to tender his or her resignation to the Board.

Investor Relations Contact: Bob WellsSenior Vice President, Corporate Communications and Public AffairsSherwin-WilliamsDirect:  216.566.2244 rjwells@sherwin.com 

Media Contact: Mike ConwayDirector, Corporate CommunicationsSherwin-WilliamsDirect:  216.515.4393Pager:  216.422.3751 mike.conway@sherwin.com 

SOURCE The Sherwin-Williams Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,062.46 -17.68 -0.10%
S&P 500 2,114.38 -3.31 -0.16%
NASDAQ 5,067.8950 -24.19 -0.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs