HOUSTON, Nov. 9, 2007 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY) today announced that its shareholders approved the four proposals recommended by the company at its annual shareholder meeting.
Three directors were reelected as Class III directors to serve an additional three-year term, including John M. Cassaday, Manuel A. Fernandez and Jackie M. Ward. Mr. John K. Stubblefield, Jr. was also a Class III director; however, he retired from the Board on June 30, 2007 concurrent with his retirement from the company. As a result, the size of the Board has been reduced from 12 members to its current size of 11.
In other matters, shareholders approved the appointment of Ernst & Young as independent accountants of the corporation. In addition, the 2007 Stock Incentive Plan and the amended and restated 1974 Employee Stock Purchase Plan were approved.
SYSCO is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers that prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. For the fiscal year 2007, the company generated over $35 billion in sales. For more information about SYSCO visit www.sysco.com.
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