Burnham Holdings, Inc. Declares Quarterly Common Stock Dividend, Payable March 14, 2019 and Appoints Christopher R. Drew President and Chief Operating Officer, Effective from April 29, 2019
February 21, 2019 at 01:46 pm
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Burnham Holdings, Inc.'s Board of Directors declared a quarterly common stock dividend of $0.22 per share, payable March 14, 2019 with a record date of March 07, 2019.
The Board has named Christopher R. Drew President and Chief Operating Officer of the Company. Mr. Drew was previously Executive Vice President, Chief Marketing and Strategy Officer. Douglas S. Brossman will continue in his current role as Chief Executive Officer, where he will have responsibility for corporate matters, as well as overall strategy development and implementation. In his new role, Mr. Drew will have responsibility for the Company's boiler, hot water heater, furnace and supporting business operations and profitability. The appointment will be effective as of the Annual Meeting, April 29, 2019.
Burnham Holdings, Inc. is a holding company of a group of subsidiaries that service the heating, ventilating, and air conditioning (HVAC) market segment. The Company's subsidiaries are domestic manufacturers of boilers and related HVAC products and accessories, including advanced control systems, furnaces, radiators, and air conditioning systems for residential, commercial, and industrial applications. Its residential subsidiaries provide interior comfort solutions for homes and small buildings. Its commercial heating applications include military bases, multi-unit residential buildings, health care, government, education, and hospital facilities. Its industrial applications include any project where steam or hot water is needed. Its product offerings include a range of cast iron, stainless steel, fire-tube, water-tube, and copper-tube boilers, as well as boiler room accessories, for commercial and industrial markets.
Burnham Holdings, Inc. Declares Quarterly Common Stock Dividend, Payable March 14, 2019 and Appoints Christopher R. Drew President and Chief Operating Officer, Effective from April 29, 2019