Arbitron Declares Quarterly Dividend; Holds Annual Stockholders' Meeting
May 23, 2013 at 4:09 AM (PT)
The board of directors of ARBITRON has approved the payment of a quarterly cash dividend of $0.10 (ten cents) per common share. The dividend will be paid on or about JULY 1st, 2013 to shareholders of record as of the close of business on JUNE 17th, 2013.
If the effective date of the pending merger with NIELSEN HOLDINGS N.V. is before JUNE 17th, 2013, the dividend will be pro-rated with stockholders receiving $0.001063829787234 per share per day for each day after MARCH 15th, 2013, the record date for the previously declared quarterly dividend. In accordance with the merger agreement, the pro rata dividend ensures that stockholders receive a dividend at the current rate until the closing of the pending merger with Nielsen. The pro rata dividend, which amounts to $0.10 per share for the full quarter, will be payable within 30 days after the merger closes to shareholders of record at the close of business on the day before the merger is completed.
As of MAY 17th, 2013, there were approximately 26,863,200 shares outstanding.
Annual Meeting of Stockholders
ARBITRON held its annual stockholders' meeting on TUESDAY, MAY 21st.
ARBITRON stockholders elected eleven individuals to the board of directors. SHELLYE L. ARCHAMBEAU, SEAN R. CREAMER, DAVID W. DEVONSHIRE, JOHN A. DIMLING, ERICA FARBER, RONALD G. GARRIQUES, PHILIP GUARASCIO, WILLIAM T. KERR, LARRY E. KITTELBERGER, LUIS G. NOGALES, RICHARD A. POST were returned to the board for one year terms, expiring in 2014.
Stockholders voted to ratify KPMG as ARBITRON's independent registered public accounting firm for 2013.