Attached files
file | filename |
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8-K - 8-K - DELTIC TIMBER CORP | d382503d8k.htm |
Exhibit 99.1
FOR RELEASE | IMMEDIATELY |
April 27, 2017 |
Deltic Timber Announces Class III Directors Elected
and Declares Quarterly Dividend
EL DORADO, AR Deltic Timber Corporation (NYSE-DEL) announced at its Annual Meeting of Stockholders, managements nominees as Class III Directors, Deborah M. Cannon, Bert H. Jones, The Very Rev. Dr. Christoph Keller, III, and Robert Madison Murphy, were elected to serve three-year terms as Directors of the Company. The Companys stockholders also approved the appointment of KPMG, LLP as the Companys independent auditors for 2017.
In other business, the Companys stockholders approved, on a non-binding advisory basis, the overall compensation of the Companys named executive officers, and approved conducting the Companys non-binding executive compensation vote on an annual basis.
At its meeting held following the stockholders meeting, the Board of Directors of Deltic Timber Corporation (NYSE-DEL) acted to declare a quarterly dividend of $0.100 a share on the Common Stock of Deltic Timber Corporation. The dividend is payable June 19, 2017, to holders of record June 5, 2017. The Board also re-elected Robert C. Nolan as its Chairman and all of the Companys incumbent executive officers to their respective positions.
About Deltic
Deltic Timber Corporation is a natural resources company focused on the efficient and environmentally responsible management of its land holdings. The Company owns approximately 530,000 acres of timberland, operates two sawmills and a medium density fiber-board plant, and is engaged in real estate development. Headquartered in El Dorado, Arkansas, the Companys operations are located primarily in Arkansas and north Louisiana.
CONTACT: | Byrom Walker |
Deltic Investor Relations |
(870) 881-6432 |
ir@deltic.com |