Whirlpool Corporation Declares Quarterly Dividend; Holds Annual Stockholders' Meeting

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Apr 17, 2012, 11:21 ET

BENTON HARBOR, Mich., April 17, 2012 /PRNewswire/ -- The board of directors of Whirlpool Corporation (NYSE:WHR) declared today a quarterly dividend of 50 cents per share on the company's common stock. The dividend is payable June 15, 2012, to stockholders of record at the close of business on May 18, 2012.

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Annual Meeting of Stockholders
Whirlpool Corporation held today its annual stockholders' meeting. Whirlpool stockholders elected 12 individuals to the board of directors. Samuel R. Allen, Gary T. DiCamillo, Jeff M. Fettig, Kathleen J. Hempel, Michael F. Johnston, William T. Kerr, John D. Liu, Harish Manwani, Miles L. Marsh, William D. Perez, Michael A. Todman and Michael D. White were re-elected to the board for additional one-year terms, expiring in 2013. Allen is chairman and chief executive officer of Deere & Co.; DiCamillo is a partner at Eaglepoint Advisors, LLC; Fettig is chairman and chief executive officer of Whirlpool Corporation; Hempel is the former vice chairman and chief financial officer of Fort Howard Corporation; Johnston is the former chairman of the board and chief executive officer of Visteon Corporation; Kerr is president and chief executive officer of Arbitron, Inc.; Liu is the managing partner at Richmond Hill Investments; Manwani is chief operating officer of Unilever; Marsh is former chairman of the board and chief executive officer of Fort James Corporation; Perez is senior advisor at Greenhill & Co.; Todman is president of Whirlpool International at Whirlpool Corporation; and, White is chairman, president and chief executive officer of DIRECTV Group, Inc.

Stockholders also voted to approve an advisory vote on executive compensation, to ratify the appointment of Ernst & Young LLP as Whirlpool Corporation's independent registered public accounting firm for 2012, and to reject a stockholder proposal to adopt a policy of shareholder approval of future benefits payable upon the death of a senior executive. These vote results are preliminary; final results will be reported on a current report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission within four business days.

About Whirlpool Corporation
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2011, 68,000 employees, and 66 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.

SOURCE Whirlpool Corporation