Business News

OfficeMax Announces Dividend and New Lead Director

Friday 25. April 2008 - OfficeMax(R) Incorporated (NYSE:OMX), a leader in office products and services, announced today a regular quarterly dividend of $0.15 cents per common share, payable on July 15, 2008, to shareholders of record on July 1, 2008.

OfficeMax also announced that, as previously announced, Gary G. Michael, who joined the OfficeMax Board of Directors in 1997, did not stand for re-election in 2008. Mr. Michael was the Chairman of the Board and Chief Executive Officer of Albertsons, Inc. until his retirement in 2001. On the OfficeMax board of directors, Mr. Michael served as Chair of the Committee of Outside Directors and Lead Independent Director, and as a member of the Executive Compensation Committee and the Governance & Nominating Committee. The board has appointed Rakesh Gangwal, who joined the OfficeMax Board of Directors in 1998, to fill Mr. Michael’s position as Chair of the Committee of Outside Directors and Lead Independent Director. Mr. Gangwal will continue to serve on the Executive Compensation Committee and the Governance & Nominating Committee.