Sensient Technologies Corporation (NYSE: SXT; “Sensient”) today announced that preliminary results from today’s Annual Meeting indicate that shareholders have elected all of the Company’s nine director nominees. The Sensient nominees who were elected are: Hank Brown; Edward H. Cichurski; Dr. Fergus M. Clydesdale; James A. D. Croft; William V. Hickey; Kenneth P. Manning; Paul Manning; Dr. Elaine R. Wedral; and Essie Whitelaw. Final results will be published as promptly as practicable.
“We thank Sensient shareholders for their strong support. We look forward to continuing to build on our momentum and delivering meaningful long-term value for all Sensient shareholders,” said Dr. Elaine R. Wedral, Sensient’s independent Lead Director.
In other business conducted at the meeting, shareholders:
- Ratified the selection of Ernst & Young LLP as the Company’s auditor for 2014;
- Voted on an advisory basis against the compensation for Sensient’s named executive officers; and
- Approved Sensient’s Incentive Compensation Plan for Elected Corporate Officers.
IVS Associates, Inc. (“IVS”), the independent inspector of elections, is tabulating the votes cast at the meeting. The Company will announce final results once IVS has certified as to its final tabulation report.
FORWARD-LOOKING STATEMENTS
This document contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors concerning the Company’s operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company’s future financial performance include the following: finalization of the voting results from the annual meeting; the pace and nature of new product introductions by the Company and the Company’s customers; the Company's ability to successfully implement its strategy to create sustainable, long-term shareholder value; the Company’s ability to successfully implement its growth strategies; the outcome of the Company’s various productivity-improvement and cost-reduction efforts; changes in costs or availability of raw materials, including energy; industry and economic factors related to the Company’s domestic and international business; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors, including increased intensity of competition; the loss of any customers in certain product lines in which our sales are made to a relatively small number of customers; product liability claims or product recalls; the costs of compliance, or failure to comply, with laws and regulations applicable to our industries and markets; changing consumer preferences and changing technologies; and failure to complete and integrate future acquisitions or dispositions. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition and results of operations. This document contains time-sensitive information that reflects management’s best analysis only as of the date of this release. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized. Additional information regarding these risks can be found in our Annual Report on Form 10-K for the year ended December 31, 2013.
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. The Company's customers include major international manufacturers representing most of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Contacts:
Dick Hobbs, (414) 347-3706
