The Annual Meeting of Shareholders (“2014 Annual Meeting”) of
Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the “Company”) was held on
April 23, 2014 at LPGA International in Daytona Beach, Florida. The
Company announced at the 2014 Annual Meeting that the shareholders of
the Company elected John P. Albright, John J. Allen, Jeffry B. Fuqua,
William L. Olivari, Howard C. Serkin, A. Chester Skinner, III, and
Thomas P. Warlow, III, to serve as directors of the Company until the
2015 Annual Meeting of Shareholders.
The Company’s shareholders also ratified the appointment of Grant
Thornton LLP as the Company’s independent registered public accounting
firm for fiscal year 2014, approved amendments to the Company’s 2010
Amended and Restated Equity Incentive Plan, and approved the
compensation for executive officers, each as disclosed in the Company’s
Proxy Statement dated March 21, 2014.
At the annual Board of Directors’ meeting following the 2014 Annual
Shareholder Meeting, Jeffry B. Fuqua, President of Amick Holding, Inc.,
was re-elected Chairman of the Board of Directors. The Board of
Directors also ratified the continued appointments of the following
officers: John P. Albright, President and Chief Executive Officer; Mark
E. Patten, Sr. Vice President and Chief Financial Officer; Linda H.
Crisp, Vice President and Corporate Secretary; Teresa J. Thornton-Hill,
Vice President-Corporate Counsel and Assistant Corporate Secretary, and
Steven R. Greathouse, Vice President-Investments.
The Company declared a dividend of $0.03 per share payable on May 28,
2014 to shareholders of record on May 9, 2014. Jeffry B. Fuqua, Chairman
of the Board, stated, "The Board is pleased to continue our
thirty-seventh straight year of paying an annual dividend. The Board
will continue to review its dividend strategy on a regular basis."
About Consolidated-Tomoka Land Co.
Consolidated-Tomoka Land Co. is a Florida-based publicly traded real
estate company, which owns a portfolio of income properties in
diversified markets in the United States, as well as over 10,500 acres
of land in the Daytona Beach area. Visit our website at www.ctlc.com.
Copyright Business Wire 2014