Pitney Bowes (NYSE:PBI)
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STAMFORD, Conn., Sept. 12 /PRNewswire-FirstCall/ -- Pitney Bowes (NYSE: PBI) announced today that the Company's Board of Directors has amended the board's Governance Principles regarding the election of directors. Under the amendment to the Governance Principles, any director seeking reelection to the Board who receives more withheld votes than affirmative votes must submit his or her resignation to the Governance Committee of the Board. The Governance Committee will in turn consider the resignation and make a recommendation for subsequent action to the full Board. "The Board's action today demonstrates its continued commitment to good governance," said Michael J. Critelli, Pitney Bowes Chairman and Chief Executive Officer. "We understand the importance of the voting process for investors, and we believe that this amendment to the Governance Principles underscores the Board's dedication to serving shareholder interests."
About Pitney Bowes Inc.
Pitney Bowes is the world's leading provider of integrated mail and document management systems, services and solutions. The $5.3 billion company helps organizations of all sizes efficiently and effectively manage their mission-critical mail and document flow in physical, digital and hybrid formats. Its solutions range from addressing software and metering systems to print stream management, electronic bill presentment and presort mail services. The company's 80-plus years of technological leadership have produced many major innovations in the mailing industry, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 35,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information on the company can be found at http://www.pb.com/.
Media Contact:
Sheryl Battles
Pitney Bowes Inc.
VP, Corporate Communications
203-351-6808
DATASOURCE: Pitney Bowes
CONTACT: Media Contact: Sheryl Battles, Pitney Bowes Inc., VP, Corporate
Communications, +1-203-351-6808
Web site: http://www.pb.com/