RPM raises dividend 5.9% for 52nd straight year; appoints Dennsteadt EVP, restructures to 3 groups

RPM INTERNATIONAL INC/DE/

Quarterly dividend increased to $0.54/share, payable Oct 31, record Oct 20; 5.9% increase from $0.51.
David Dennsteadt elected EVP overseeing admin functions, effective Oct 2, with base salary $615,000.
Gregory Michael promoted to group president of the Performance Coatings Group, succeeding Dennsteadt.
Company reorganizing from four reporting groups to three to streamline operations and enhance collaboration.
All nine director nominees re-elected; advisory say-on-pay and auditor ratification approved at annual meeting.

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