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May
5, 2017
Vulcan
International, a holding company with subsidiaries owning facilities in
Tennessee, manufacturing rubber and foam products, and real estate in Ohio,
Michigan, Florida and Tennessee, held its annual shareholders’ meeting at 1151
College St., Clarksville, TN on Friday, May 5, 2017. At that meeting, the shareholders re-elected
the following six Directors, and elected one new Director. Their names are as follows:
Name Residence
Leonard
Aconsky New York, NY
Warren
C. Falberg Cincinnati,
Ohio
John
F. Gabriel, Jr. Cincinnati,
Ohio
Benjamin
Reed Gettler Miami, Florida
Deliaan
Gettler Cincinnati,
Ohio
Thomas
D. Gettler New York, NY
Karl
L. Dostal Cincinnati,
Ohio
Mr.
Karl L. Dostal was also appointed as one of the three independent members of the
Board’s Audit Committee.
With
more than twenty years of experience in handling accounting matters for a wide
range of companies, including manufacturing companies, Mr. Dostal has acquired
substantial knowledge in analyzing and evaluating financial statements that
present a breadth and level of complexity of accounting issues that are
generally comparable to the breadth and complexity that can reasonably be
expected to be raised by Vulcan’s financial statements.
At
the meeting, shareholders were advised as to the financial results for the 12
months ending December 31, 2016.
Revenues for the 2016 period were $4,943,749 compared to 2015 revenues
of $4,992,220. Net profit for 2016 was
$1,615,792 compared to 2015 net profit of $1,235,086. Earnings were $1.77 cents per common share in
2016 compared to $1.35 in 2015.
At
a Board meeting which took place on Friday, May 5, 2017, the Board considered
the matter of declaring a 2017 dividend.
At that meeting, the Board declared a dividend of $.45 cents per share on the common stock of
the Company payable 5-26-17 to shareholders of record 5-17-17.
Attribute
to John Gabriel, President
