Brady Corporation elects Board of Directors and declares regular dividend to shareholders
Rhea-AI Summary
Brady Corporation (NYSE: BRC) held its annual shareholder meeting in Milwaukee, where shareholders voted unanimously to elect director nominees for a one-year term. The Board of Directors also declared a dividend of $0.22 per share for Class A Common Stock, payable on January 29, 2021, to shareholders of record by January 8, 2021. Brady Corporation, an international manufacturer of safety and identification solutions, reported fiscal 2020 sales of approximately $1.08 billion and employs about 5,400 people globally.
Positive
- Unanimous election of director nominees, enhancing governance.
- Dividend of $0.22 per share declared, benefiting shareholders.
Negative
- None.
News Market Reaction – BRC
In the trading session that priced this news, BRC declined 2.62%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MILWAUKEE, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (“Company”) announced that shareholders of the Company’s Class B Common Voting Stock have voted unanimously in favor of the election of the director nominees to a one-year term at the Company’s annual meeting of shareholders held today in Milwaukee.
At the Board of Directors meeting on November 17, 2020, the Board declared a dividend to shareholders of the Company's Class A Common Stock of
Elected to the Brady Corporation Board of Directors are:
- Patrick W. Allender, Executive Vice President and Chief Financial Officer (Retired), Danaher Corporation
- Gary S. Balkema, President (Retired), Worldwide Consumer Care Division, Bayer AG
- Dr. David S. Bem, Vice President of Science and Technology and Chief Technology Officer, PPG Industries, Inc.
- Dr. Elizabeth Bruno, President, Brady Education Foundation
- Nancy Lee Gioia, Director, Global Connectivity, Electrical and User Experience (Retired), Ford Motor Company
- Conrad G. Goodkind, Partner (Retired) in the law firm of Quarles and Brady, LLP
- Dr. Frank W. Harris, Chair of the Board of Directors, Akron Polymer Systems
- Bradley C. Richardson, Executive Vice President and Chief Financial Officer (Retired), Avient Corporation, which was formerly known as PolyOne Corporation
- Dr. Michelle E. Williams, Global Group President, Altuglas International, an affiliate of Arkema S.A.
- J. Michael Nauman, President and Chief Executive Officer, Brady Corporation.
Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2020, employed approximately 5,400 people in its worldwide businesses. Brady’s fiscal 2020 sales were approximately
For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 438-5176