May 10 2007
American Standard Companies Inc (Piscataway, NJ, USA) has announced its quarterly dividend and the results of proxy voting at its annual meeting.
The company's board of directors declared a quarterly dividend of 18 cents per share of common stock. The dividend will be paid on 20 June 2007, to shareholders of record on 1 June 2007.
At the annual meeting shareholders approved all three company proposals. They voted to elect three directors - Steven Anderson, Steven Goldstone and Ruth Ann Marshall - with terms expiring at the 2010 Annual Meeting of Shareholders. No director received less than 97 percent of the votes cast. Shareholders also voted to amend the 2002 Omnibus Incentive Plan and extend it by two years, and to ratify Ernst & Young LLP as the company's independent registered public accounting firm for the year 2007.
The company said that more than 172 million shares, representing approximately 86 percent of the shares outstanding, were voted at the meeting or by proxy.
American Standard is a US$11.2 billion global manufacturer with market-leading positions in three businesses: air conditioning systems and services, sold under the Trane® and American Standard® brands for commercial, institutional and residential buildings; bath and kitchen products, sold under such brands as American Standard® and Ideal Standard®; and vehicle control systems, including electronic braking and air suspension systems, sold under the WABCO® name to the world's leading manufacturers of heavy-duty trucks, buses, SUVs and luxury cars. The company employs approximately 62,000 people and has manufacturing operations in 28 countries. American Standard is included in both the S&P 500 and the Dow Jones Sustainability North America Index, which recognises the top 20 percent of leaders in corporate sustainability in North America.