HOUSTON, TEXAS, Feb. 23 2022 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the “Company”) today announced the results of its annual meeting of shareholders held on February 22, 2022. Additionally, Quanex announced that its board of directors (the “Board”) declared a quarterly cash dividend of $0.08 per share on the common shares of the Company, payable on March 30, 2022, to shareholders of record on March 15, 2022.
Shareholders approved each of the following proposals:
Election of Directors – Susan F. Davis, William C. Griffiths, Bradley E. Hughes, Jason D. Lippert, Donald R. Maier, Meredith W. Mendes, Curtis M. Stevens, William E. Waltz Jr. and George L. Wilson were all elected to serve on the board of directors until the company’s annual meeting of shareholders in 2023 Advisory vote approving nominee executive compensation – shareholders approved the company’s executive compensation structure Ratification of the Appointment of Grant Thornton LLP as Independent Public Accountants – Grant Thornton LLP has been ratified as an independent registered public accountant firm of Quanex for the year ending October 31, 2022
Regarding Bradley E. Hughes’ first election to the Board of Directors, George Wilson, President and Chief Executive Officer, said, “We are delighted to have Brad join our Board of Directors as a member of the Board Committees. Audit and Appointment and Corporate Governance. . Brad’s leadership skills, financial and accounting expertise, manufacturing and operating experience and strategic vision will prove beneficial to our Board of Directors and serve our shareholders well. We look forward to Brad’s contributions.
Bill Griffiths, Chairman of the Board, further stated, “Brad’s strong leadership skills were evident during his tenure at Cooper Tire, and his comprehensive knowledge base will most certainly add value to the Board and will help build shareholder value over time.
Mr. Hughes served as President and Chief Executive Officer of Cooper Tire & Rubber Co. (“Cooper”) from 2016 until its sale in 2021. Previously, he held various positions of increasing responsibility at Cooper after joining the business. in 2009. Mr. Hughes earned a Bachelor of Science degree from the University of Miami in Oxford, Ohio, and an MBA from the University of Michigan.
Quanex Building Products Corporation is a leading manufacturer of components sold to original equipment manufacturers (OEMs) in the building products industry. Quanex designs and manufactures energy-efficient fenestration products in addition to kitchen and bathroom cabinet components.
Scott Zuehlke Senior Vice President, Chief Financial Officer and Treasurer 713-877-5327 [email protected]
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