KCS Holds Annual Meeting of Stockholders, Elects Nine Directors and Announces Preferred and Common Dividends
Kansas City Southern (KCS) (NYSE:KSU) 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.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE:
KSU) is a transportation holding company that has railroad investments
in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas
City Southern Railway Company, serving the central and south central
U.S. Its international holdings include Kansas City Southern de Mexico,
S.A. de C.V., serving northeastern and central Mexico and the port
cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent
interest in Panama Canal Railway Company, providing ocean-to-ocean
freight and passenger service along the Panama Canal. KCS' North
American rail holdings and strategic alliances with other North American
rail partners are primary components of a unique railway system, linking
the commercial and industrial centers of the U.S., Mexico and Canada.
More information about KCS can be found at www.kcsouthern.com.
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