Western Union Highlights Strategic Initiatives At 2014 Annual Stockholders’ Meeting
The Western Union Company (NYSE: WU) held its Annual Meeting today and
reiterated its strategy while emphasizing its vision to be a recognized
leader in providing innovative solutions, high service levels, and
The Western Union Company (NYSE: WU) held its Annual Meeting today and reiterated its strategy while emphasizing its vision to be a recognized leader in providing innovative solutions, high service levels, and omni-channel integration for cross-border, cross-currency money transfer. “Our goal at Western Union is to meet the needs of our customers by providing new, innovative solutions,” said Western Union President and CEO Hikmet Ersek. “We will continue to be proactive – anticipating, adapting to and addressing the ever-changing needs of our customers.” The company also announced that its board of directors declared a quarterly cash dividend of $0.125 per common share, payable June 30, 2014 to stockholders of record at the close of business on June 16, 2014. Approximately 88 percent of the shares entitled to vote were represented at the stockholders’ meeting in person or by proxy. All voting results are preliminary. Stockholders voted to re-elect Dinyar S. Devitre, Hikmet Ersek, Jack M. Greenberg, Betsy D. Holden, Linda Fayne Levinson, and Solomon D. Trujillo, and to elect Frances Fragos Townsend as members of the board of directors. The elected directors will serve new one-year terms. Stockholders also voted to approve: (1) on an advisory basis, the compensation of the Company’s named executive officers, as set forth in the company’s proxy statement for the 2014 Annual Meeting; and (2) the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2013. Stockholders did not approve stockholder proposals regarding (1) stockholder action by written consent; (2) political contributions; and (3) the creation of an additional committee of the board of directors. About Western Union The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com. Safe Harbor Compliance Statement for Forward-Looking Statements This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release by The Western Union Company (the “Company,” “Western Union,” “we,” “our” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the “Risk Factors” section and throughout the Annual Report on Form 10-K for the year ended December 31, 2013. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement.