Burnham Holdings, Inc. Declares Dividend And Announces Results Of The Annual Meeting Stockholders' Vote

Rhea-AI Summary

Burnham Holdings, Inc. (OTC-Pink: BURCA) announced the results of its Annual Meeting on April 26, 2021, held virtually in Lancaster, PA. Stockholders approved the election of directors Douglas S. Brossman, Christopher R. Drew, and Laura T. Wand for three-year terms. The Board declared a quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable on June 15, 2021, with a record date of June 8, 2021. Financial results for Q1 2021 were also disclosed earlier that day.

Positive

• Approval of directors strengthens company governance.
• Declaration of common stock dividend at $0.22 enhances shareholder value.
• Semi-annual preferred stock dividend of $1.50 affirms financial stability.

Negative

• None.

LANCASTER, Pa., April 26, 2021 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, and related HVAC products and accessories (including furnaces, radiators, and air conditioning systems) for residential, commercial and industrial applications, announced the results of the stockholder voting from today's Annual Meeting and declared common and preferred stock dividends.

The annual meeting of Burnham Holdings, Inc. was held as a virtual webcast today in Lancaster, PA, beginning at 11:30 a.m., with stockholders voting favorably on two proposals described as follows:

• The election of Douglas S. Brossman, Christopher R. Drew, and Laura T. Wand as directors for three year terms ending in 2024; and
• The appointment of Baker Tilly US, LLP, or other auditing firm as the Board may select, as independent auditors for the 2021 year.

At its meeting on April 26, 2021, the Burnham Holdings, Inc. Board of Directors declared a regular quarterly common stock dividend of $0.22 per share payable June 15, 2021, with a record date of June 8, 2021; and a semi-annual preferred stock dividend of $1.50 per share payable June 15, 2021, with a record date of June 8, 2021.

Earlier today, Burnham Holdings, Inc. announced the financial results of the first quarter, which ended March 28, 2021 (please see our press release issued earlier today for details).

AUTHORIZED BY:	DALE R. BOWMAN
	VICE PRESIDENT AND CFO
	BURNHAM HOLDINGS, INC.

 

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SOURCE Burnham Holdings, Inc.

FAQ

What is the dividend amount declared by Burnham Holdings, Inc.?

Burnham Holdings, Inc. declared a quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share.

When will the dividends be paid to shareholders?

The dividends will be payable on June 15, 2021, with a record date of June 8, 2021.

What were the results of the Annual Meeting for Burnham Holdings, Inc.?

The Annual Meeting resulted in the approval of directors Douglas S. Brossman, Christopher R. Drew, and Laura T. Wand for three-year terms.

Who were appointed as independent auditors for Burnham Holdings, Inc.?

Baker Tilly US, LLP, or another auditing firm selected by the Board, was appointed as independent auditors for the 2021 year.

When did Burnham Holdings, Inc. announce its first-quarter financial results?

The financial results for the first quarter were announced earlier on April 26, 2021.