(Source: Kansas City Southern press release, may 6, 2016)
KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 5, 2016 in Kansas City, Missouri. With 91% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
• elected Lu M. Córdova, Terrence P. Dunn, Antonio O. Garza, Jr., David Garza-Santos, Thomas A. McDonnell and David L. Starling to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2017;
• ratified the Audit Committee’s selection of KPMG LLP as KCS’s independent registered public accounting firm for the year ending December 31, 2016;
• approved the Kansas City Southern Annual Incentive Plan for purposes of Internal Revenue Code Section 162(m);
• approved an advisory vote on the 2015 compensation of the KCS named executive officers;
• rejected a stockholder proposal regarding proxy access with different terms from the Company’s current proxy access provisions.
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 5, 2016, to stockholders of record at the close of business on June 13, 2016.
The Board of Directors also declared a regular dividend of $0.33 per share on the outstanding KCS common stock. This dividend is payable on July 6, 2016, to stockholders of record at the close of business on June 13, 2016.