By: E&P Staff Gannett?s board of directors approved a dividend of $.29 per share payable on April 3, 2006, to shareholders of record on March 10, 2006.
Additionally, the board amended its bylaws to require directors to be elected by majority vote rather than a plurality. Any director who receives less than a majority of votes cast must submit a letter of resignation to the board?s nominating and public responsibility committee. The committee then recommends action on the letter to the board.
?Shareholders have made clear they like this change,? said Craig Dubow, president and CEO of Gannett, in a statement. ?By amending its bylaws, Gannett is again demonstrating our strong belief in good corporate governance.?
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