(Source: Kansas City Southern press release, May 20, 2019)
KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 17, 2019 in Shreveport, Louisiana. With 89% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
• elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten, Antonio O. Garza, Jr., David Garza-Santos, Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, and Patrick J. Ottensmeyer to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2020;
• Ratified the Audit Committee’s selection of PricewaterhouseCoopers LLP as KCS’ independent registered public accounting firm for the year ending December 31, 2019;
• Approved an advisory vote on the 2018 compensation of the KCS named executive officers; and
• Approved a company proposal to amend KCS’s Amended and Restated Certificate of Incorporation to reduce the threshold stock ownership requirement for stockholders to call a special meeting.
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 2, 2019, to stockholders of record at the close of business on June 10, 2019.
The Board of Directors also declared a regular dividend of $0.36 per share on the outstanding KCS common stock. This dividend is payable on July 3, 2019, to stockholders of record at the close of business on June 10, 2019.