Burnham Holdings, Inc. Declares Dividend and Announces Results of the Annual Meeting Shareholders' Vote

Rhea-AI Summary

Burnham Holdings, Inc. (OTC-PINK: BURCA), a leading manufacturer of HVAC products, held its Annual Meeting on April 24, 2023, in Lancaster, PA. Shareholders voted in favor of three key proposals: the election of William F. Dodge II, John W. Lyman, and E. Philip Wenger as directors through 2026; approval of the 2023 Incentive Compensation Plan; and the appointment of Baker Tilly US, LLP, as independent auditors for 2023. The Board declared a quarterly common stock dividend of $0.22 per share, along with a semi-annual preferred stock dividend of $1.50 per share, both payable on June 13, 2023, with a record date of June 6, 2023.

Additionally, the company announced its financial results for Q1 2023.

Positive

• Declaration of a quarterly common stock dividend of $0.22 per share.
• Semi-annual preferred stock dividend of $1.50 per share.
• Approval of the 2023 Incentive Compensation Plan indicates company growth.

Negative

• None.

LANCASTER, Pa., April 24, 2023 /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 shareholder vote 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 am, with shareholders voting favorably on three proposals:

• The election of William F. Dodge, II, John W. Lyman and E. Philip Wenger as directors for three-year terms ending in 2026;
• The approval of the 2023 Incentive Compensation Plan; and
• The appointment of Baker Tilly US, LLP, or other auditing firm as the Board may select, as independent auditors for the 2023 year.

At its meeting on April 24, 2023, Burnham Holdings, Inc.'s Board of Directors 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 June 13, 2023 with a record date of June 6, 2023.

Earlier today, Burnham Holdings, Inc. announced the financial results for the first quarter of 2023.

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SOURCE Burnham Holdings, Inc.

FAQ

What is the dividend declared by Burnham Holdings, Inc. for common stock?

Burnham Holdings, Inc. declared a quarterly common stock dividend of $0.22 per share.

When will the dividends for Burnham Holdings, Inc. be paid?

The dividends will be paid on June 13, 2023.

What is the record date for the dividends declared by Burnham Holdings, Inc.?

The record date for the dividends is June 6, 2023.

What proposals were approved during Burnham Holdings, Inc.'s Annual Meeting?

The proposals included the election of directors, approval of the 2023 Incentive Compensation Plan, and the appointment of independent auditors.

Who were elected as directors for Burnham Holdings, Inc.?

William F. Dodge II, John W. Lyman, and E. Philip Wenger were elected as directors for three-year terms ending in 2026.