Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 1, 2008 in Kansas City, Missouri. With 92% of the KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders elected Henry R. Davis, Robert J. Druten and Rodney E. Slater to serve on the KCS Board of Directors until the Annual Meeting of Stockholders in 2011. The stockholders also ratified the Audit Committee’s selection of KPMG LLP as KCS’ independent accountants for the year ending December 31, 2008 and reapproved Section 18.7 (Performance Measures) of KCS’s 1991 Amended and Restated Stock Option and Performance Award Plan for purposes of Internal Revenue Code Section 162(m).
In addition, the Board of Directors declared a regular dividend of $0.25 per share on the outstanding KCS 4% Non-Cumulative Preferred stock. This dividend is payable on July 1, 2008, to stockholders of record at the close of business on June 9, 2008.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S. de R.L. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Canada and Mexico.
Contacts:
William H. Galligan, 816-983-1551
bgalligan@kcsouthern.com
