ACCO Brands Corporation (NYSE:ABD), a world leader in select categories of branded office products, today held its 2008 Annual Meeting of Stockholders.
At the meeting, stockholders approved an amendment to the company’s Restated Certificate of Incorporation to progressively eliminate the classification of its board of directors beginning at today’s Annual Meeting. With the approval of this amendment, all seats on the Board of Directors will be up for election and all nominees elected for one-year terms at each Annual Meeting beginning in 2010.
The stockholders re-elected three Class III directors to its board for a one-year term expiring at the 2009 Annual Meeting. The re-elected directors are Robert H. Jenkins, Robert J. Keller, and Norman H. Wesley.
In addition, stockholders approved an amendment to the company’s Amended and Restated 2005 Inventive Plan to increase the number of shares of common stock authorized for issuance under that plan.
Finally, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2008.
The company also announced that Gordon R. Lohman will retire from its board as of the close of business on May 14, 2008. Mr. Lohman has reached the board’s mandatory retirement age. Mr. Lohman has been the chairman of the Corporate Governance and Nominating Committee, and a member of the board’s Compensation Committee. The company made no announcement with respect to a successor for Mr. Lohman on its board.
“On behalf of the entire board, I want to thank Gordon for his many contributions to ACCO Brands Corporation,” said David D. Campbell, chairman and chief executive officer. “We have benefited greatly from his wise counsel as a board member of our company since the merger with General Binding Corporation.”
About ACCO Brands Corporation
ACCO Brands Corporation is a world leader in select categories of branded office products, with annual revenues of nearly $2 billion. Its industry-leading brands include Day-Timer®, Swingline®, Kensington®, Quartet®, GBC®, Rexel, NOBO, and Wilson Jones®, among others. Under the GBC brand, the company is also a leader in the professional print finishing market.
Contacts:
Rich Nelson
Media Relations
(847)
484-3030
or
Jennifer Rice
Investor Relations
(847)
484-3020
