Multi-Color Announces New Chairman of the Board, Declares Quarterly Dividend
CINCINNATI—August 8, 2012—Multi-Color Corp. (NASDAQ:LABL) announced today that Lorrence T. Kellar has resigned from his position of Chairman of the Board of Directors of Multi-Color Corp. Kellar will remain as a director on the Company's Board of Directors.
The Company's Board of Directors has named Robert R. Buck as the new Chairman of the Board of Directors effective August 9, 2012. Buck became a director in July 2003. He is currently the Chairman of the Board of Beacon Roofing Supply. Prior to 2003, Buck served in various leadership roles with Cintas Corp., including president of its Uniform Rental Division and CFO. Buck serves as a director of Beacon Roofing Supply, LVI Services, Elkay Manufacturing and Quanex Building Products. In addition, he is a former director of Kendle International and a member of the Dean's Advisory Council for the College of Business Administration at the University of Cincinnati.
In addition, the Company announced today that its Board of Directors declared the Company's quarterly cash dividend for the second quarter of fiscal 2013. The dividend is a payment of five cents per common share, payable September 1, 2012, to shareholders of record at the close of business on August 24, 2012.
About Multi-Color
Cincinnati-based Multi-Color Corp. (MCC), established in 1916, is a leader in global label solutions supporting a number of the world's most prominent brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs approximately 2,700 associates across 27 operations globally and is a public company trading on the NASDAQ Global Select Market Exchange (company symbol: LABL).
Source: Multi-Color.
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