Cardinal Health Announces Preliminary Shareholder Voting Results at Annual Meeting

Thursday, November 6, 2008 General News J E 4
DUBLIN, Ohio, Nov. 5 Cardinal Health, a globalprovider of products and services that improve the safety and productivity ofhealth care, today announced the preliminary results of shareholder voting atthe company's annual meeting, and the board of directors declared its 97thconsecutive regular quarterly dividend.

Based on preliminary voting results, shareholders re-elected 12 directorsto the board, ratified the company's external auditor and approved threemanagement proposals relating to corporate governance. These proposalsincluded a majority voting provision for directors, the elimination ofcumulative voting and the establishment of procedures for advance notice ofdirector nominations and other business at shareholder meetings. In addition,management proposals relating to stated capital of common shares andamendments to two employee stock plans were approved. A shareholder proposalrelating to performance-based stock options failed to pass.

The board of directors also approved a regular quarterly dividend of $0.14per 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 toshareholders. The company had approximately 360 million shares outstanding asof Oct. 31.

About Cardinal Health

Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $91billion, global company serving the health care industry with products andservices that help hospitals, physician offices and pharmacies reduce costs,improve safety, productivity and profitability, and deliver better care topatients. With a focus on making supply chains more efficient, reducinghospital-acquired infections and breaking the cycle of harmful medicationerrors, Cardinal Health develops market-leading technologies, includingAlaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(TM)electronic infection surveillance service, VIASYS(R) respiratory care productsand the CareFusion(TM) patient identification system. The company alsomanufactures medical and surgical products and is one of the largestdistributors of pharmaceuticals and medical supplies worldwide. Ranked No. 19on the Fortune 500, Cardinal Health employs more than 40,000 people on fivecontinents. More information about the company may be found at .

SOURCE Cardinal Health, Inc.


You May Also Like

View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
Malaria No More Congratulates President-elect Obam...
Masimo Launches First Non-adhesive Pulse Oximetry ...