MasterCard Board of Directors Announces Regular Quarterly Dividend
Closing of 2009 Class B Conversion Program
PURCHASE, N.Y., June 9 /PRNewswire-FirstCall/ -- MasterCard Incorporated
(NYSE: MA) announced the results of its Annual Meeting of Stockholders, held
earlier today at the company's worldwide headquarters in Purchase, NY.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061031/MCLOGO )
-- reelected the following Class A Directors with a term to expire in
2012: Richard Haythornthwaite, Chairman of the Company's Board of
Directors, President of PSA Energy Holdings SPC and an advisor to Star
Capital Partners Limited; David R. Carlucci, Chairman, Chief Executive
Officer and President of IMS Health Incorporated; and, Robert W.
Selander, President and Chief Executive Officer of MasterCard
-- reelected Steven J. Freiberg, Executive Vice President of Citibank,
N.A., Class M Director, with a term to expire in 2012;
-- approved amendments to the Company's amended and restated certificate
of incorporation allowing, among other things, the Company's Board of
Directors to have increased flexibility to appoint and/or nominate for
election by the stockholders up to three additional directors; and
-- ratified the appointment of PricewaterhouseCoopers LLP as the
company's independent registered public accounting firm for 2009.
Addressing stockholders on the company's business, MasterCard President
and Chief Executive Officer Robert W. Selander noted that while the financial
services industry has experienced challenging economic conditions recently,
MasterCard continues to deliver shareholder value and the company is well
positioned for the long-term.
"During these unprecedented times, we are taking a flexible and adaptive
approach to managing our business," commented Selander. "Like any industry we
face a number of challenges, however, we believe there is significant
opportunity for growth as more and more consumers and businesses continue to
demand easier, more efficient, convenient and safer forms of payment."
MasterCard's Board of Directors also declared today a cash dividend of
$0.15 per share, payable on August 10, 2009, to holders of record of its Class
A common stock and Class B common stock as of July 10, 2009.
In February 2009, the MasterCard Board of Directors authorized the
conversion and sale or transfer of up to 11 million shares of Class B common
stock into Class A common stock. In May 2009, the Company implemented a
conversion program, and announced today that the program has been closed.
Under this program, approximately 10.9 million authorized shares of Class B
common stock were converted into an equal number of shares of Class A common
stock and subsequently have been or will be transferred by participating
holders of Class B Common Stock or sold to public investors.
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes approximately 21 billion
transactions each year, and provides industry-leading analysis and consulting
services to financial-institution customers and merchants. Powered by the
MasterCard Worldwide Network and through its family of brands, including
MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and
businesses in more than 210 countries and territories. For more information go
SOURCE MasterCard Incorporated
CONTACT: Investor Relations, Jason Lane,
or Media Relations, Chris