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

Rhea-AI Summary

Brady Corporation (NYSE: BRC) Shareholders Unanimously Approve Director Nominees and Company Declares Dividend. The company's annual meeting resulted in the election of director nominees and the declaration of a dividend for Class A Common Stock. The diverse customer base and fiscal 2023 sales of approximately $1.33 billion highlight the company's strong market presence and financial performance.

MILWAUKEE, Nov. 15, 2023 (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 14, 2023, the Board declared a dividend to shareholders of the Company's Class A Common Stock of $0.235 per share, payable on January 31, 2024, to shareholders of record at the close of business on January 10, 2024.

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, 2023, employed approximately 5,600 people in its worldwide businesses. Brady’s fiscal 2023 sales were approximately $1.33 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

Who are the newly elected directors of Brady Corporation?

The newly elected directors are 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.

What is the dividend declared for the Class A Common Stock of Brady Corporation?

The declared dividend is $0.235 per share, payable on January 31, 2024, to shareholders of record at the close of business on January 10, 2024.

What are the key products and industries served by Brady Corporation?

Brady Corporation provides complete solutions for safety, security, and productivity, including high-performance labels, signs, safety devices, printing systems, and software. The company serves diverse industries such as electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace, and more.