SOURCE: AMCOL International Corporation

AMCOL International Corporation

November 16, 2011 17:00 ET

AMCOL International Announces Quarterly Dividend and Adopts Majority-Voting Standard for Election of Directors

HOFFMAN ESTATES, IL--(Marketwire - Nov 16, 2011) - The Board of Directors of AMCOL International Corporation (NYSE: ACO) has declared a quarterly dividend of $0.18 a share for the fourth quarter of 2011. The fourth quarter dividend is payable on January, 12, 2012 to shareholders of record as of December 8, 2011.

AMCOL also announced today that its board of directors has amended the company's bylaws to adopt a majority-voting standard in uncontested director elections and has amended the company's Corporate Governance Guidelines to include a resignation requirement for directors who fail to receive the required majority vote. These amendments are effective immediately.

"The adoption of a majority-voting standard reflects our continued commitment to sound corporate governance," said Ryan McKendrick, President and Chief Executive Officer of AMCOL.

Under the new majority-voting standard, a director nominee will be elected only if the number of votes cast "for" the nominee exceeds the number of votes cast "against" the nominee. Previously, directors were elected under a plurality-voting standard, in which candidates receiving the most votes were elected regardless of whether those votes constituted a majority. Plurality voting will continue to apply in contested director elections.

If an incumbent director does not receive the required vote for reelection, the amended Corporate Governance Guidelines require the Nominating and Governance Committee to decide whether to recommend that the board accept the director's resignation, and the board will ultimately determine whether to accept the resignation.

Headquartered in Hoffman Estates, Illinois, AMCOL has five reporting segments: Minerals, Environmental, Oilfield Services, Transportation and Corporate. The Minerals segment produces and markets specialty minerals and related materials used as a performance additive in industrial goods and consumer products. The Environmental segment manufactures and markets engineered materials used in, and provides related services for, construction, waste containment and civil infrastructure applications. The Oilfield Services segment provides this industry with water treatment and related services. AMCOL's common stock is traded on the New York Stock Exchange under the symbol "ACO." The Company's website is

Contact Information

  • For further information, contact:
    Don Pearson
    Vice President & CFO