COLUMBIA, Md., May 25, 2011 /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, 2011 to shareholders of record as of the close of business on June 15, 2011.
As of April 29, 2011, there were approximately 27,133,850 shares outstanding.
Annual Meeting of Stockholders
Arbitron Inc. held its annual stockholders' meeting on Tuesday, May 24, 2011. Arbitron stockholders elected nine individuals to the board of directors.
Shellye L. Archambeau, David W. Devonshire, John A. Dimling, Erica Farber, Philip Guarascio, William T. Kerr, Larry E. Kittelberger, Luis G. Nogales and Richard A. Post were returned to the board for one year terms, expiring in 2012.
Ms. Archambeau is Chief Executive Officer of MetricStream, 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.; Ms. Farber is Founder and Chief Executive Officer of The Farber Connection LLC and former Publisher and President of Radio & Records, 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 President and Chief Executive Officer of Arbitron; 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 also approved the compensation of Arbitron's named executive officers, voted to hold an annual advisory vote on executive compensation and ratified KPMG LLP as Arbitron's independent registered public accounting firm for fiscal year 2011.
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.
Arbitron Inc. (NYSE: ARB) is a media and marketing research firm serving the media – radio, television, cable and out-of-home – as well as advertisers and advertising agencies. Arbitron's core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The company has developed the Portable People Meter™(PPM™) and PPM 360™, new technologies for media and marketing research.
Portable People Meter™, PPM™ and PPM 360™ are marks of Arbitron Inc..
SOURCE Arbitron Inc.
Contact: Investors, Thom Mocarsky, Arbitron Inc., +1-410-312-8239, firstname.lastname@example.org; Press, Kim Myers, Arbitron Inc., +1-410-312-8500, email@example.com