LAWFUEL – Business & Law Newswire – IBM to Implement Majority Vote for Directors
The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $.40 per common share, payable March 10, 2008 to stockholders of record February 8, 2008. With the payment of the March 10 dividend, IBM will have paid 369 consecutive quarterly dividends, starting in 1916.
IBM also announced today that at its annual meeting in 2009, the Company intends to seek stockholder approval to amend its certificate of incorporation to provide for majority voting for directors in uncontested elections. The Company will implement majority voting at an earlier date if there is a change in applicable law that would allow the Company to do so without stockholder approval.
In addition, IBM announced that its annual meeting of stockholders will be held April 29, 2008 at the Charlotte Convention Center in Charlotte, North Carolina.
Edward Barbini, 914/499-6565
Short Name: Intnl Bus. Mach
Category Code: DIV
Sequence Number: 91581
Time of Receipt (offset from UTC): 20080129T135949+0000