ANNUAL MEETING

NEWS RELEASE

 

 

May 10, 2013

 

 

Vulcan International, a holding company with subsidiaries owning facilities in Tennessee, manufacturing rubber and foam products, and real estate in Ohio, Michigan and Tennessee, held its annual shareholders’ meeting at The Metropolitan Club in Covington, Kentucky on Friday, May 10, 2013.  At that meeting, the shareholders elected the following eight Directors.

 

Name                                       Residence

 

Leonard Aconsky                    New York, NY

John F. Gabriel, Jr.                  Cincinnati, OH

Warren C. Falberg                    Cincinnati, OH

Benjamin Gettler                      Cincinnati, OH

Benjamin Reed Gettler             Ft. Lauderdale, FL

Deliaan Gettler                         Cincinnati, OH

Thomas D. Gettler                   New York, NY

Edward B. Kerin                      Poughkeepsie, NY

 

At the meeting, shareholders were advised as to the financial results for the 12 months ending December 31, 2012.  Revenues for the 2012 period were $5,160,375 compared to 2011 revenues of $5,647,943.  Net profit for 2012 was $1,025,756 compared to net profit of $589,666 in 2011.  Earnings were $1.12 per common share in 2012 compared to .65 in 2011.

 

At a Board meeting following the shareholders meeting, the Board considered the matter of a 2013 dividend.  It determined to declare a dividend of 25 cents per share on the common stock of the Company, payable June 4, 2013 to shareholders of record May 17, 2013.