Shareowners Also Reelect 13 Board Members at Company’s Annual Meeting Today
ST. LOUIS--(BUSINESS WIRE)--Monsanto Company (NYSE: MON) announced that its Board of Directors, at a regularly scheduled meeting held today, declared a quarterly dividend on its common stock of 54 cents per share. The dividend is payable on April 28, 2017, to shareowners of record on April 7, 2017. It relates to the second quarter of the company’s 2017 fiscal year.
In other matters, Monsanto shareowners reelected 13 board members to serve new one-year terms ending with the company’s annual meeting in 2018, subject to the prior completion of the acquisition by Bayer Aktiengesellschaft, which is currently expected by the end of calendar year 2017. Today’s elected board members include Dwight M. “Mitch” Barns; Gregory H. Boyce; David L. Chicoine, Ph.D.; Janice L. Fields; Hugh Grant; Arthur H. Harper; Laura K. Ipsen; Marcos M. Lutz; C. Steven McMillan; Jon R. Moeller; George H. Poste, Ph.D., D.V.M.; Robert J. Stevens; and Patricia Verduin, Ph.D.
Shareowners also voted to continue to conduct an advisory vote on executive compensation every year, as recommended by the board. This reinforces a vote from Monsanto shareowners in 2011. Monsanto’s Board of Directors has held an annual advisory vote since that time. Other voting results from the annual shareowners meeting will be noted in the company’s Form 8-K.
About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops – such as corn, soybeans, and cotton – that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: discover.monsanto.com and monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our News Release RSS Feed.
Cautionary Statements Regarding Forward-Looking Information
Certain statements contained in this release are “forward-looking statements,” such as statements concerning the pending transaction with Bayer Aktiengesellschaft. These statements are based on current expectations and currently available information. However, these statements are based on factors that involve risks and uncertainties, including the risk that the regulatory approvals required for the transaction may not be obtained on the anticipated terms or time frame or at all, the risk that the other conditions to the completion of the transaction may not be satisfied, and other risks and factors detailed in the company’s most recent periodic report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements.