Bemis Company Declares Regular Quarterly Dividend; Elects Two New Board Members
Source: Bemis Company, Inc.
NEENAH, WISCONSIN, May 3, 2012 – The Board of Directors of Bemis Company, Inc. (NYSE:BMS) has declared a regular quarterly cash dividend of 25 cents per share. The dividend is payable June 1, 2012, to shareholders of record at the close of business on May 16, 2012.
The Board of Directors also announced that Mr. Ronald J. Floto and Mr. William L. Mansfield were elected to the Board of Directors of Bemis Company, Inc. at today’s Annual Meeting of Shareholders.
Mr. Floto is currently President of FLT International, LLC, a company providing investment management consulting, which he founded in 2007. For ten years prior to that, Mr. Floto was the Chief Executive Officer at Dairy Farm International Holdings Limited.
Mr. Mansfield is currently the Chairman of Valspar Corporation (NYSE:VAS) and has been a director at Valspar Corporation since 2005. He became Chairman of Valspar in August 2007 and previously served as Chief Executive Officer of Valspar from February 2005 until his retirement in June 2011. Mr. Mansfield was President of Valspar from February 2005 to February 2008.
“Bemis Company is pleased to have Mr. Floto and Mr. Mansfield join our Board of Directors,” said Henry Theisen, Bemis Company’s President and Chief Executive Officer. “Their global expertise and leadership experience will benefit our board and we look forward to their participation.”
ABOUT BEMIS COMPANY, INC.
Bemis Company, Inc. is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the Company is included in the S&P 500 index of stocks and reported 2011 net sales of $5.3 billion. The Company’s flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. Headquartered in Neenah, Wisconsin, Bemis employs approximately 20,000 individuals worldwide. More information about the Company is available at our website, www.bemis.com.
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