Airgas, Inc. has announced that, based upon certified results following its Annual Meeting of Stockholders yesterday, all four of Airgas’ nominees have been elected to the company’s Board of Directors.
Each of its nominees, namely James W. Hovey, Michael L. Molinini, Paula A. Sneed, and David M. Stout, received the support of 91% or more of the shares voted.
The election heralds further change at the top for Airgas as the Board of Directors unanimously elected company founder Peter McCausland as Executive Chairman of the Board, and Michael L. Molinini as President and CEO – consistent with its leadership transition announced earlier this year on 3rd May 2012.
Broadridge, the independent Inspector of Elections, certified the results of the stockholder vote at Airgas’ 2012 Annual Meeting.
In a separate announcement, Airgas has announced that the Board of Directors declared a regular quarterly cash dividend of $0.40 per share, payable on 28th September 2012 to shareholders of record as of 14th September 2012.