Grainger's Shareholders Elect 12 Directors and Other Meeting Highlights
CHICAGO, April 28 /PRNewswire-FirstCall/ -- At the Grainger (NYSE: GWW) annual shareholder meeting held in Lake Forest, IL, today, Grainger Chairman, President and Chief Executive Officer Jim Ryan addressed the state of the business and offered a recap of 2009 full year and 2010 first quarter performance. As part of his remarks, Ryan provided an update on business trends for the month of April and indicated that the company is now forecasting daily sales growth of 16 to 18 percent for the month of April over April of 2009. For a copy of his speech, go to www.grainger.com/investor.
Shareholders elected the following 12 directors:
Brian P. Anderson |
Neil S. Novich |
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Wilbur H. Gantz |
Michael J. Roberts |
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V. Ann Hailey |
Gary L. Rogers |
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William K. Hall |
James T. Ryan |
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Stuart L. Levenick |
E. Scott Santi |
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John W. McCarter, Jr. |
James D. Slavik |
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In addition, the shareholders ratified the appointment of Ernst & Young LLP as independent auditor for the year 2010 and approved the 2010 Incentive Plan allowing the company to grant equity-based awards to its employees.
About Grainger
W.W. Grainger, Inc. with 2009 sales of $6.2 billion is North America's leading broad line supplier of maintenance, repair and operating products with an expanding presence in Asia and Latin America.
Forward-Looking Statements
This document contains forward-looking statements under the federal securities law. Forward-looking statements relate to the company's expected future financial results and business plans, strategies and objectives and are not historical facts. They are generally identified by qualifiers such as "forecasting" or similar expressions. There are risks and uncertainties, the outcome of which could cause the company's results to differ materially from what is projected. The forward-looking statements should be read in conjunction with the company's most recent annual report, as well as the company's Form 10-K, Form 10-Q and other reports filed with the Securities & Exchange Commission, containing a discussion of the company's business and various factors that may affect it.
SOURCE W.W. Grainger, Inc.
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