News Column

AGL Resources Board of Directors Declares Quarterly Dividend; Announces Results of Annual Meeting

April 30, 2014

ATLANTA, April 30, 2014 - On April 29, 2014, the Board of Directors of AGL Resources Inc. (NYSE:  GAS) declared a quarterly dividend of $0.49 per share on the company's common stock.  The dividend will be paid on June 1, 2014 to shareholders of record at the close of business on May 16, 2014.  This marks the 266th consecutive quarterly dividend the company has paid since 1948. The company also announced at its annual meeting that shareholders ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm, approved the compensation of the company's named executive officers and approved the company's amended and restated employee stock purchase plan. Additionally, shareholders elected Sandra N. Bane, Thomas D. Bell, Jr., Norman R. Bobins, Charles R. Crisp, Brenda J. Gaines, Arthur E. Johnson, Wyck A. Knox, Jr., Dennis M. Love, Dean R. O'Hare, Armando J. Olivera, John E. Rau, James A. Rubright, John W. Somerhalder II, Bettina M. Whyte and Henry C. Wolf as directors for one-year terms expiring at the annual meeting in 2015. In accordance with company bylaws, long-time board member Charles H. "Pete" McTier, after the completion of his current term at yesterday's meeting, no longer is eligible to serve as an active director, since he has attained his 75th birthday. "On behalf of the AGL Resources Board of Directors, I would like to thank Pete for his long-time service and dedicated oversight of AGL Resources," said John W. Somerhalder II, chairman, president and chief executive officer of AGL Resources. Shareholders did not approve the shareholder proposal regarding a gender identity non-discrimination policy. Shareholders approved the shareholder proposal regarding a majority voting standard for director elections. In response, Somerhalder said, "We respect our shareholders' vote in favor of a majority voting standard for director elections. Given today's vote and our desire to clarify our current policies, we intend to pursue a change in our governance documents to replace our plurality voting standard with a majority voting standard in the coming months." About AGL ResourcesAGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services, midstream operations and cargo shipping. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 630,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management, ownership and operation of natural gas storage facilities, and ownership of Tropical Shipping, one of the largest containerized cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com. Contacts: Financial Sarah Stashak Director, Investor Relations Office: 404-584-4577 Cell: 404-433-9248 sstashak@aglresources.com Media Annette Martinez Director, External Relations Office: 630-388-2781 Cell: 630-918-2321 amartinez@aglresources.com This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: AGL Resources via GlobeNewswire [HUG#1781266]


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