Date: Thu, 20 Nov 1997 17:39:46 GMT Server: Apache/1.2.4 Last-Modified: Fri, 02 May 1997 12:58:47 GMT ETag: "113a-762-3369e507" Content-Length: 1890 Accept-Ranges: bytes Connection: close Content-Type: text/html 1997 Annual Meeting

Kansas City Southern Industries Inc. Holds Annual Stockholders Meeting

Announces dividends and election of Landon H. Rowland as chairman

KANSAS CITY, Mo.--May 1, 1997--Kansas City Southern Industries Inc. ("KCSI") held its annual meeting of stockholders today at the Marriott Downtown Hotel in Kansas City, Mo. With 88.5% of the company's outstanding common and preferred stock represented in person or by proxy at the annual meeting, the stockholders elected Messrs. Michael G. Fitt, Michael R. Haverty and Morton I. Sosland as directors to serve until the Annual Meeting of Stockholders in 2000. The Stockholders also approved the selection of Price Waterhouse LLP at the company's independent auditors for the year ending Dec. 31, 1997.

The Board of Directors met following the stockholders meeting and elected Landon H. Rowland Chairman of the Board of Directors of Kansas City Southern Industries Inc. Rowland succeeds Paul H. Henson who died on April 12, 1997. Rowland also retains the title of President and Chief Executive Officer.

In other action, the Board of Directors declared a 10-cent quarterly dividend on the Company's outstanding common stock, payable June 17, 1997 to stockholders of record at the close of business on May 23, 1997. The regular preferred stock quarterly dividend of 25 cents per share was also declared and will be payable July 1, 1997 to preferred stockholders of record at the close of business on June 6, 1997.

 

CONTACT: Kansas City Southern Industries Inc., Kansas City
	            Landon H. Rowland, 816/983-1393
	            Joseph D. Monello, 816/983-1213

 

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