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Note: The Lexmark shareholder proposal for "Say on Pay" that received a majority vote and was subsequently adopted by the company's board, as reported below, was submitted by Amalgamated Bank’s LongView Funds, which is represented on the Forum's Program Panel addressing "Say on Pay."

 

Lexmark International, Inc., April 23, 2009 press release

 

Lexmark Reports 2009 Annual Stockholders Meeting Results

 

 

LEXINGTON, Ky. - 04/23/2009 

 

Lexmark International, Inc. (NYSE: LXK) today announced the results of the company’s 2009 stockholder meeting.

 

Stockholders approved the elections of four directors, Michael J. Maples, Stephen R. Hardis, William R. Fields and Robert Holland, Jr. to serve until 2012 and the ratification of the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2009.

 

In other business matters, the company’s amended and restated stock incentive plan was also approved by stockholders.  Additionally, a stockholder proposal seeking that the company’s Board adopt a policy, commonly referred to as ‘Say On Pay’, under which stockholders could vote at each annual meeting on a non-binding, advisory resolution regarding executive compensation, was approved.

 

After the meeting, Lexmark’s Board of Directors approved conducting an annual non-binding, advisory vote on executive compensation beginning in 2010.

 

About Lexmark

Lexmark International, Inc. (NYSE: LXK) provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2008, Lexmark reported $4.5 billion in revenue. Learn how Lexmark can help you get more done at www.lexmark.com.

 

 

Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries.  All other trademarks are the property of their respective owners.

 

 

 

This Forum program is open, free of charge, to anyone concerned with investor interests relating to shareholder advisory voting on executive compensation, referred to by activists as "Say on Pay." As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was supported by Sibson Consulting to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of performance leadership relating to the issues being addressed.

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