(Source: Kansas City Southern press release, May 18, 2018)
KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 17, 2018 in Kansas City, Missouri. With 88% 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, Terrence P. Dunn, Antonio O. Garza, Jr., David Garza-Santos, Janet H. Kennedy, Mitchell J. Krebs, Henry J. Maier, Thomas A. McDonnell, Patrick J. Ottensmeyer and Rodney E. Slater to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2019;
• Ratified the Audit Committee’s selection of PricewaterhouseCoopers LLP as KCS’ independent registered public accounting firm for the year ending December 31, 2018;
• Approved an advisory vote on the 2017 compensation of the KCS named executive officers; and
• Approved a stockholder proposal to allow stockholder action by written consent.
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 3, 2018, to stockholders of record at the close of business on June 11, 2018.
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 5, 2018, to stockholders of record at the close of business on June 11, 2018.