TORRANCE, Calif.--(BUSINESS WIRE)--Nov. 29,
2005--Farmer Bros. Co. (NASDAQ:FARM) today said its Board of Directors
approved payment of a dividend of $0.105 per share for stockholders of
record on Jan. 27, payable on Feb. 13, 2006.
The Company also reported the certified
proxy vote at its Annual Meeting of Stockholders on Nov. 28. Stockholders
ratified the selection of the independent auditors and elected the two
incumbent Directors who were on the proxy ballot.
Here are the certified votes for the
election of two Directors to a three-year term of office expiring at the
2008 Annual Meeting of Stockholders:
Director Name Yes Withhold
Guenter W. Berger 12,773,144 2,915,853
Thomas A. Maloof 12,850,973 2,838,024
Here is the vote to ratify the selection of
Ernst & Young as the Company's independent registered public accounting
firm for the fiscal year ending June 30, 2006:
For Against Abstain Broker Non-Vote
15,404,510 240,612 43,875 0
Of the 16,075,080 shares of common stock
entitled to vote, 15,688,997 were voted.
Management presented stockholders its
report on the state of the company. A written copy of that report will be
filed on Form 8-K and available on the company's web site,
www.farmerbroscousa.com.
Farmer Bros. Co. is an institutional coffee
roaster that sells a variety of coffee and allied products to the food
service industry. The Company's signature trucks and vans bearing the
"Consistently Good" logo are seen throughout Farmer Brothers' 28-state
service area. Farmer Brothers has paid a dividend for 51 consecutive
years, increased the dividend in each of the last seven consecutive years,
and its stock price has grown on a split-adjusted basis from $1.80 a share
in 1980.
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