Brady Corporation elects Board of Directors and declares regular dividend to shareholders

Rhea-AI Summary

Brady Corporation (NYSE: BRC) announced at its annual meeting on November 16, 2022, that shareholders unanimously elected the Board of Directors for a one-year term. New members include executives from various industries, enhancing the board's expertise. In addition, a dividend of $0.23 per share was declared for Class A Common Stock, scheduled for payment on January 31, 2023, to record shareholders as of January 10, 2023. For fiscal 2022, Brady reported sales of approximately $1.30 billion, supporting its position as a significant player in safety and identification solutions.

Positive

• Unanimous election of a diverse and experienced Board of Directors.
• Declared dividend of $0.23 per share, indicating financial health and commitment to returning value to shareholders.

Negative

• None.

MILWAUKEE, Nov. 16, 2022 (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.

Elected to the Brady Corporation Board of Directors are:

• Patrick W. Allender, Executive Vice President and Chief Financial Officer (Retired), Danaher Corporation
• Dr. David S. Bem, Vice President of Science and Technology and Chief Technology Officer, PPG Industries, Inc.
• Dr. Elizabeth Bruno, President, Brady Education Foundation
• Joanne Collins Smee, Executive Vice President and President of the Americas, Xerox Corporation
• Nancy Lee Gioia, Director, Global Connectivity, Electrical and User Experience (Retired), Ford Motor Company
• Vineet Nargolwala, President, CEO and a director, Allegro MicroSystems, Inc.
• Bradley C. Richardson, Executive Vice President and Chief Financial Officer (Retired), Avient Corporation
• Dr. Michelle E. Williams, Global Group President (Retired), Altuglas International, an affiliate of Arkema S.A.
• Russell R. Shaller, President and Chief Executive Officer, Brady Corporation.
  

At the Board of Directors meeting on November 16, 2022, the Board declared a dividend to shareholders of the Company's Class A Common Stock of $0.23 per share, payable on January 31, 2023, to shareholders of record at the close of business on January 10, 2023.

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, 2022, employed approximately 5,700 people in its worldwide businesses. Brady’s fiscal 2022 sales were approximately $1.30 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradyid.com.

For More Information Contact:
Investor Contact: Ann Thornton (414) 438-6887
Media Contact: Kate Venne (414) 438-5176

FAQ

What is the dividend amount for Brady Corporation shareholders in January 2023?

Brady Corporation declared a dividend of $0.23 per share for Class A Common Stock.

When is Brady Corporation's dividend payment date?

The dividend payment date is January 31, 2023.

What was Brady Corporation's sales figure for fiscal 2022?

Brady Corporation reported sales of approximately $1.30 billion for fiscal 2022.

Who were elected to the Board of Directors of Brady Corporation?

The Board included Patrick W. Allender, Dr. David S. Bem, Dr. Elizabeth Bruno, Joanne Collins Smee, Nancy Lee Gioia, Vineet Nargolwala, Bradley C. Richardson, Dr. Michelle E. Williams, and Russell R. Shaller.