SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REORT): 3-27-03
AMERON INTERNATIONAL CORPORATION
(Exact name of Registrant as Specified in its Charter)
Delaware 1-9102 77-0100596
(State or other jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
245 South Los Robles Ave., Pasadena, California 91101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(626) 683-4000
Item 5. Other Events
The attached announcement was released to the news media on March 27, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERON INTERNATIONAL CORPORATION
Date: March 27, 2003 By: /s/ Javier Solis
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Javier Solis
Senior Vice President & Secretary
Ameron Announces 25% Dividend Increase and Two-for-One Stock Split
PASADENA, Calif.--(BUSINESS WIRE)--March 27, 2003--Ameron International
Corporation (NYSE:AMN) today announced that its Board of Directors declared a
quarterly dividend of 40 cents per share of common stock, payable May 20, 2003
to stockholders of record on April 24, 2003. This represents a 25% increase over
the previous dividend level. Since 1989, Ameron had paid a constant dividend of
32 cents per share of common stock per quarter, or $1.28 per share per year.
Additionally, the Board of Directors declared a two-for-one stock split in
the form of a stock dividend of one additional common share for every
outstanding common share held by stockholders of record on May 1, 2003, payable
May 27, 2003.
Commenting on the actions, James S. Marlen, Ameron's Chairman, President
and Chief Executive Officer, stated, "The stock split will increase the number
of Ameron shares in the market, and we hope that additional shares will lead to
wider ownership and improved liquidity for all stockholders. The increased
dividend payout is representative of management's favorable long-term outlook
for Ameron's future business prospects and cash generating capabilities."
Ameron International Corporation is a multinational manufacturer of
highly-engineered products and materials for the chemical, industrial, energy,
transportation and infrastructure markets. Traded on the New York Stock Exchange
(AMN), Ameron is a leading producer of water transmission lines;
high-performance coatings and finishes for the protection of metals and
structures; fiberglass-composite pipe for transporting oil, chemicals and
corrosive fluids and specialized materials and products used in infrastructure
projects. The Company operates businesses in North America, South America,
Europe, Australasia and Asia. It also participates in several joint-venture
companies in the U.S., Saudi Arabia, Kuwait, Egypt and Mexico.
Cautionary statement for purposes of the "Safe Harbor" provisions of The
Private Securities Litigation Reform Act of 1995: Any statements in this report
that refer to the estimated or anticipated future results of Ameron
International Corporation ("Ameron" or the "Company") are forward-looking and
reflect the Company's current analysis of existing trends and information.
Actual results may differ from current expectations based on a number of factors
affecting Ameron's businesses, including competitive conditions and changing
market situations. Matters affecting the economy generally, including the state
of economies worldwide, can affect Ameron's results. Forward-looking statements
represent the Company's judgment only as of the date of this report. Since
actual results could differ materially, the reader is cautioned not to rely on
these forward-looking statements. Moreover, Ameron disclaims any intent or
obligation to update these forward-looking statements.
CONTACT: Ameron International Corporation
James S. Marlen/Gary Wagner, 626/683-4000