TORRANCE, Calif.--(BUSINESS WIRE)--Farmer Bros. Co. (NASDAQ:FARM) today said its Board of Directors
approved payment of a dividend of $0.11 per share for stockholders of
record on Jan. 26, 2007, payable Feb. 12, 2007.
At the 2006 Annual Meeting, held Nov. 27, stockholders reelected two
individuals to three-year terms on the Board of Directors. Here are the
results of the voting:
Director Nominee
Votes Cast For
Votes Withheld
Carol Farmer Waite
15,148,984
612,740
John H. Merrell
13,114,105
2,647,619
In addition, stockholders ratified the selection of Ernst & Young LLP as
the Company’s independent registered public
accounting firm for the fiscal year ending June 30, 2007. There were
15,545,137 votes for the appointment, 208,388 votes against the
appointment, 8,199 abstentions and no broker non-votes.
Of the 16,075,080 shares of common stock outstanding and entitled to
vote at the 2006 Annual Meeting, 15,761,724 were represented at the
meeting, a 98% quorum.
Management presented stockholders its report on the state of the
company. The Company filed a written version of that report on Form 8-K
and will present the report on its web site, www.farmerbroscousa.com.
Farmer Bros. Co. is an institutional coffee roaster that sells a variety
of coffee and allied products to the food service industry. The
Company's signature trucks and vans bearing the "Consistently Good" logo
are seen throughout Farmer Brothers' 28-state service area. Farmer
Brothers has paid a dividend in every year since 1953, increased its
dividend in every year since 1997, and its stock price has risen on a
split-adjusted basis from $1.80 a share in 1980. For more information,
go to: www.farmerbroscousa.com.
