BURNHAM HOLDINGS, INC. DECLARES DIVIDEND AND ANNOUNCES RESULTS OF THE ANNUAL MEETING STOCKHOLDERS' VOTE

Rhea-AI Summary

Burnham Holdings, Inc. (OTC-Pink: BURCA) held its Annual Meeting on April 25, 2022, where stockholders approved the election of three directors and appointed Baker Tilly US, LLP as independent auditors for 2022. The Board declared a regular 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 14, 2022, with a record date of June 7, 2022. These actions reflect the company’s ongoing commitment to shareholder returns while maintaining governance structures.

Positive

• Regular quarterly common stock dividend of $0.22 per share declared.
• Semi-annual preferred stock dividend of $1.50 per share declared.
• Election of qualified directors may enhance strategic governance.

Negative

• None.

LANCASTER, Pa., April 25, 2022 /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 today in Lancaster, PA, beginning at 11:30 a.m., with stockholders voting favorably on two proposals described as follows:

• The election of Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern as directors for three-year terms ending in 2025; and
• The appointment of Baker Tilly US, LLP, or other auditing firm as the Board may select, as independent auditors for the 2022 year.

At its meeting on April 25, 2022, the Burnham Holdings, Inc. Board of Directors declared a regular quarterly common stock dividend of $0.22 per share payable June 14, 2022, with a record date of June 7, 2022; and a semi-annual preferred stock dividend of $1.50 per share payable June 14, 2022, with a record date of June 7, 2022.

Earlier today, Burnham Holdings, Inc. announced the financial results of the first quarter, which ended April 3, 2022 (please see our press release issued earlier today for details).

AUTHORIZED BY:	NICHOLAS I. RIBICH
	VICE PRESIDENT, CFO AND SECRETARY
	BURNHAM HOLDINGS, INC.

 

 

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SOURCE Burnham Holdings, Inc.

FAQ

What is the common stock dividend amount for Burnham Holdings in 2022?

The common stock dividend for Burnham Holdings in 2022 is $0.22 per share.

When is the payout date for Burnham Holdings' dividends?

The payout date for Burnham Holdings' dividends is June 14, 2022.

What is the record date for the upcoming dividends from Burnham Holdings?

The record date for the upcoming dividends from Burnham Holdings is June 7, 2022.

Who were elected as directors at Burnham Holdings' Annual Meeting?

Christopher E. Pruitt, David W. Reeves, and Donald A. Stern were elected as directors.

Which auditing firm was appointed by Burnham Holdings for 2022?

Baker Tilly US, LLP was appointed as the independent auditors for Burnham Holdings in 2022.