COLUMBIA, Md., May 22, 2013 /PRNewswire/ -- The board of
directors of Arbitron Inc. (NYSE: ARB) has approved the payment of
a quarterly cash dividend of $0.10
(ten cents) per common share. The
dividend will be paid on or about July 1,
2013 to shareholders of record as of the close of business
on June 17, 2013.
If the effective date of the pending merger with Nielsen
Holdings N.V. is before June 17,
2013, the dividend will be pro-rated with stockholders
receiving $0.001063829787234 per
share per day for each day after March 15,
2013, the record date for the previously declared quarterly
dividend. In accordance with the merger agreement, the pro rata
dividend ensures that stockholders receive a dividend at the
current rate until the closing of the pending merger with Nielsen.
The pro rata dividend, which amounts to $0.10 per share for the full quarter, will be
payable within 30 days after the merger closes to shareholders of
record at the close of business on the day before the merger is
completed.
As of May 17, 2013, there were
approximately 26,863,200 shares outstanding.
Annual Meeting of Stockholders
Arbitron Inc. held its annual stockholders' meeting on
Tuesday, May 21, 2013.
Arbitron stockholders elected eleven individuals to the
board of directors.
Shellye L. Archambeau,
Sean R. Creamer, David W. Devonshire, John A. Dimling, Erica
Farber, Ronald G. Garriques,
Philip Guarascio, William T. Kerr, Larry
E. Kittelberger, Luis G.
Nogales, Richard A. Post were
returned to the board for one year terms, expiring in 2014.
Ms. Archambeau is Chief Executive Officer of MetricStream, Inc.;
Mr. Creamer is President and Chief Executive Officer of Arbitron
Inc.; Mr. Devonshire is the former Executive Vice President and
Chief Financial Officer of Motorola, Inc.; Mr. Dimling is the
former Chairman Emeritus and former President and Chief Executive
Officer of Nielsen Media Research, Inc.; Erica Farber, President and Chief Executive
Officer of the Radio Advertising Bureau; Ronald G. Garriques, Chief Executive Officer and
Director of Gee Holdings LLC and former President, Communication
Solutions Group of Dell Inc.; Mr. Guarascio is the Chairman and
Chief Executive Officer of PG Ventures LLC and former Vice
President, General Manager of General Motors Corporation's North
America Advertising and Corporate Marketing; Mr. Kerr is the former
President and Chief Executive Officer of Arbitron Inc.; Mr.
Kittelberger is the former Senior Vice President, Technology and
Operations of Honeywell International, Inc.; Mr. Nogales is the
Managing Partner of Nogales Investors LLC and former Chairman and
Chief Executive Officer of Embarcadero Media, Inc., and Mr. Post is
the former President and Chief Executive Officer of Autobytel
Inc.
Stockholders voted to ratify KPMG LLP as Arbitron's independent
registered public accounting firm for 2013.
Stockholders also voted to approve, on an advisory basis, the
compensation of the named executive officers as disclosed in the
Arbitron Inc. Proxy Statement for the 2013 Annual Meeting of
Stockholders, pursuant to the compensation disclosure rules of the
Securities and Exchange Commission.
Voting results will be reported in Arbitron's current report on
Form 8-K, which will be filed with the U.S. Securities and Exchange
Commission within four business days.
About Arbitron
Arbitron Inc. (NYSE: ARB) is an international media and
marketing research firm serving the media–radio, television, cable
and out-of-home; the mobile industry as well as advertising
agencies and advertisers around the world. Arbitron's businesses
include: measuring network and local market radio audiences across
the United States; surveying the
retail, media and product patterns of U.S. consumers; providing
mobile audience measurement and analytics in the United States, Europe, Asia
and Australia, and developing
application software used for analyzing media audience and
marketing information data. The Company has developed the Portable
People Meter ™ (PPM®) and the PPM 360™, new technologies
for media and marketing research.
Portable People Meter™, PPM® and PPM 360™ are
marks of Arbitron Inc.
SOURCE Arbitron Inc.