MILWAUKEE--(BUSINESS WIRE)--Nov. 11, 2016--
The Badger
Meter, Inc. (NYSE: BMI) Board of Directors today declared a regular
quarterly cash dividend of $0.115 per share to shareholders of record
November 30, 2016, payable December 15, 2016.
The company also announced that James F. Stern, 54, executive vice
president, general counsel and secretary of A.O. Smith Corporation, has
been appointed a director of the company to fill the vacancy created
when the Board of Directors increased the number of directors
constituting the Board by one to a total of nine. Stern has more than 25
years of experience in management, corporate governance and mergers &
acquisitions. He joined A.O. Smith in 2007 and, in addition to his
corporate development involvement, has for the past several years
chaired the company’s global water treatment steering committee,
focusing on strategy, expansion and alignment of the company’s water
treatment businesses. Prior to joining A.O. Smith, Stern was a partner
in the transactional & securities practice group of Foley & Lardner LLP
in Milwaukee, Wisconsin.
“Jim brings a wealth of public-company executive leadership experience
to our board. His background in the water technology industry and in
corporate strategic and operational issues will be especially valuable
to our board and management team,” said Richard A. Meeusen, chairman,
president and chief executive officer of Badger Meter.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and
communications solutions, serving water utilities, municipalities, and
commercial and industrial customers worldwide. The Company’s products
measure water, oil, chemicals, and other fluids, and are known for
accuracy, long-lasting durability and for providing valuable and timely
measurement data. For more information, visit www.badgermeter.com.
Badger Meter company news is available
24 hours a day, on-line at: http://www.badgermeter.com.
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Source: Badger Meter, Inc.
Badger Meter, Inc.
Dawn O’Neill, (414) 371-7276