Inkjet & Digital Printing

Lexmark International announces results of the 2011 annual meeting stockholder vote

Friday 29. April 2011 - Board of Directors elects W. Roy Dunbar as a director

Lexmark International, Inc. (NYSE: LXK) today held its annual meeting of stockholders in Shawnee, Kan., home of Perceptive Software, a Lexmark company.
Lexmark announced that its stockholders, as recommended by the Company’s Board of Directors:
— Elected Paul Rooke to serve as a Class I member of the Board of
Directors for a two-year term, expiring at the 2013 annual meeting of
stockholders;
— Elected Ralph E. Gomory, Jared L. Cohon, J. Edward Coleman and Sandra L.
Helton to serve as Class II members of the Board of Directors for
three-year terms, expiring at the 2014 annual meeting of stockholders;
— Ratified the appointment of PricewaterhouseCoopers LLP as the Company’s
independent registered public accounting firm for its fiscal year ending
Dec. 31, 2011;
— Approved, on an advisory basis, the compensation of the Company’s named
executive officers as described in the Company’s proxy statement; and
— Approved holding future advisory votes on executive compensation on a
yearly basis.
After the meeting, the Company’s Board of Directors approved one year as the frequency for conducting future advisory votes on executive compensation.
The Board of Directors also elected W. Roy Dunbar to serve as a new director with a term expiring at the 2012 annual meeting of stockholders.
Dunbar is the chairman of private companies engaged in renewable energy and green construction, prior to which he served as chairman and chief executive officer of Network Solutions from 2008 to 2009. From 2004 to 2008, he was president, global technology and operations at Mastercard International, Inc. From 1990 to 2004, he held a number of senior level positions with Eli Lilly & Company including president, intercontinental region, and vice president and chief information officer. Dunbar is also a member of the board of directors of Humana, Inc. and iGate Corporation.
“We are delighted to have Mr. Dunbar join the Lexmark Board of Directors,” said Paul Rooke, Lexmark chairman and chief executive officer. “In addition to Mr. Dunbar’s strong operating and board experience, he brings a strong strategic perspective from several key industries and represents an important customer demographic, chief information officer, for our growing enterprise value proposition of workflow solutions, software and services.”