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A. H. Belo Corporation Announces Special and Regular Dividends and Holds Annual Meeting of Shareholders
Monday 19. May 2014 - A. H. Belo Corporation (NYSE: AHC) announced today that the Company's Board of Directors declared a special cash dividend of $1.50 per share, payable on June 27, 2014 to shareholders of record at the close of business on May 28, 2014 as part of its continued efforts to return capital to shareholders.
The Board of Directors also declared a quarterly cash dividend of $0.08 per share, payable on September 5, 2014 to shareholders of record at the close of business on August 15, 2014.
The Company held its 2014 Annual Meeting of Shareholders today. Shareholders elected Jim Moroney, the Company’s chairman, president and Chief Executive Officer, to serve as a Class I director for a one-year term ending at A. H. Belo’s annual meeting in 2015, and John Beckert, Robert Decherd and Ty Miller to each serve as Class III directors for three-year terms ending at the annual meeting in 2017.
Shareholders also ratified the appointment of KPMG LLP as A. H. Belo’s independent registered public accounting firm for 2014, approved the material terms for performance-based awards under the A. H. Belo 2008 Incentive Compensation Plan and approved an advisory resolution on the compensation of the Company’s named executive officers as reported in the Company’s 2014 proxy statement.