Watsco Calls Shareholder Meeting
MIAMI -- April 22, 2013
Watsco, Inc. (NYSE / Euronext Paris: WSO) today informs its shareholders that
it is holding the 2013 Annual Meeting of Shareholders of Watsco, Inc. on May
20, 2013 at 9:00am EDT at the Watsco, Inc. Corporate Office, 2665 S. Bayshore
Drive, Miami, Florida 33133, U.S.A., for the following purposes:
1. To vote on the election of directors as follows:
a. for the holders of Common stock to elect David C. Darnell to serve as a
director until our 2016 annual meeting of shareholders, or until his successor
is duly elected and qualified; and
b. for the holders of Class B common stock to elect Barry S. Logan and George
P. Sape to serve as directors until our 2016 annual meeting of shareholders,
or until their respective successors are duly elected and qualified.
2. To vote on such other business, if any, as may properly come before the
Holders of Watsco, Inc. Common stock or Class B common stock at the close of
business on April 5, 2013 are entitled to vote their shares at the annual
meeting, or any postponement(s) or adjournment(s) of the meeting.
To obtain copies of Watsco, Inc.’s 2012 Annual Report and Proxy Statement for
its 2013 annual meeting, please consult Watsco, Inc.’s website at
http://www.watsco.com — under “Investor Relations”.
Copies of the above referenced information will also be made available, free
of charge, by calling (305) 714-4100 or upon written request to the address
Watsco improves indoor living and working environments with air conditioning
and heating solutions that provide comfort regardless of the outdoor climate.
Our solutions also promote healthier indoor spaces by removing pollutants from
the indoor air that can lead to asthma, allergies and reductions in
productivity. Furthermore, since heating and cooling accounts for
approximately 56% of the energy consumed in a typical United States home, we
offer consumers the greatest opportunity to save money on energy by replacing
existing air conditioning and heating systems with more energy efficient and
environmentally friendly solutions.
There are approximately 89 million central air conditioning and heating
systems installed in the United States that have been in service for more than
10 years. Older systems often operate below today’s government mandated energy
efficiency and environmental standards. Watsco has an opportunity to
accelerate the replacement of these systems at a scale greater than our
competitors as the movement toward reducing energy consumption and its
environmental impact continues. We operate from more than 570 locations in the
United States, Canada, Mexico and Puerto Rico, with additional market coverage
on an export basis to Latin America and the Caribbean. As the industry leader,
significant growth potential remains given that our current revenue run-rate
is approximately 10% of the estimated $35 billion marketplace in the Americas
for HVAC/R products. Additional information about Watsco may be found at
Barry S. Logan, 305-714-4102
Senior Vice President
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