Cardinal Health Announces Preliminary Shareholder Voting Results at Annual Meeting
Board of Directors Declares Regular Quarterly Dividend
DUBLIN, Ohio, Nov. 5 /PRNewswire-FirstCall/ -- Cardinal Health, a global
provider of products and services that improve the safety and productivity of
health care, today announced the preliminary results of shareholder voting at
the company's annual meeting, and the board of directors declared its 97th
consecutive regular quarterly dividend.
Based on preliminary voting results, shareholders re-elected 12 directors
to the board, ratified the company's external auditor and approved three
management proposals relating to corporate governance. These proposals
included a majority voting provision for directors, the elimination of
cumulative voting and the establishment of procedures for advance notice of
director nominations and other business at shareholder meetings. In addition,
management proposals relating to stated capital of common shares and
amendments to two employee stock plans were approved. A shareholder proposal
relating to performance-based stock options failed to pass.
The board of directors also approved a regular quarterly dividend of $0.14
per share, payable on Jan. 15, 2009 to shareholders of record on Jan. 1, 2009.
For more than 24 years, Cardinal Health has paid a quarterly dividend to
shareholders. The company had approximately 360 million shares outstanding as
of Oct. 31.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $91
billion, global company serving the health care industry with products and
services that help hospitals, physician offices and pharmacies reduce costs,
improve safety, productivity and profitability, and deliver better care to
patients. With a focus on making supply chains more efficient, reducing
hospital-acquired infections and breaking the cycle of harmful medication
errors, Cardinal Health develops market-leading technologies, including
Alaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(TM)
electronic infection surveillance service, VIASYS(R) respiratory care products
and the CareFusion(TM) patient identification system. The company also
manufactures medical and surgical products and is one of the largest
distributors of pharmaceuticals and medical supplies worldwide. Ranked No. 19
on the Fortune 500, Cardinal Health employs more than 40,000 people on five
continents. More information about the company may be found at
http://www.cardinalhealth.com .
