Pool Corporation Announces Increased Quarterly Cash Dividend and Voting
Results for 2013 Annual Meeting of Stockholders
COVINGTON, La., May 2, 2013 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL)
announced today that its Board of Directors has declared a quarterly cash
dividend of $0.19 per share, a 19% increase over the previous quarterly
dividend amount of $0.16 per share. The dividend is payable on May 30, 2013 to
stockholders of record on May 15, 2013. As of May 1, 2013 there were
46,585,364 shares of common stock outstanding.
Speaking at POOLCORP's annual meeting of stockholders on May 1, 2013, Wilson
B. Sexton, Chairman of the Board, said that the stockholders elected Andrew W.
Code, James J. Gaffney, George T. Haymaker, Jr., Manuel J. Perez delaMesa,
HarlanF.Seymour, RobertC.Sledd, John E. Stokely and himself to serve as
directors for the ensuing year.Stockholders also ratified the retention of
Ernst&YoungLLP as the Company's independent registered public accounting
firm for fiscal 2013, approved, on an advisory, non-binding basis, the
compensation of our named executive officers (the say-on-pay vote) and
approved the Pool Corporation Strategic Plan Incentive Program.
Mr. Sexton stated, "We, as a Board, appreciate the enduring confidence that
the shareholders place in us.The stewardship of a public company involves a
sincere commitment and obligation on the part of its directors. We take our
responsibility to provide direction, vision and guidance to the company very
seriously and pledge to serve Pool Corporation and its shareholders diligently
for the ensuing year."
Pool Corporation is the largest wholesale distributor of swimming pool and
related backyard products.Currently, POOLCORP operates 318 sales centers in
North America and Europe, through which it distributes more than 160,000
national brand and private label products to roughly 80,000 wholesale
customers.For more information about POOLCORP, please visit www.poolcorp.com.
This news release includes "forward-looking" statements that involve risk and
uncertainties that are generally identifiable through the use of words such as
"believe," "expect," "intend," "plan," "estimate," "project" and similar
expressions and include projections of earnings.The forward-looking
statements in this release are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.Forward-looking
statements speak only as of the date of this release, and we undertake no
obligation to update or revise such statements to reflect new circumstances or
unanticipated events as they occur.Actual results may differ materially due
to a variety of factors, including the sensitivity of our business to weather
conditions, changes in the economy and the housing market, our ability to
maintain favorable relationships with suppliers and manufacturers, competition
from other leisure product alternatives and mass merchants and other risks
detailed in POOLCORP's 2012 Annual Report on Form10-K filed with the
Securities and Exchange Commission.
CONTACT: Craig K. Hubbard
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