Server: Netscape-Commerce/1.12 Date: Friday, 21-Nov-97 01:45:18 GMT Last-modified: Monday, 08-Sep-97 22:51:04 GMT Content-length: 10239 Content-type: text/html Graco Inc. [ Press Releases ]
GRACO  Financial Press Releases
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[ 1st Quarter, 1996 Dividends | 2nd Quarter, 1996 Dividends | 3rd Quarter, 1996 Dividends ]


FOR IMMEDIATE RELEASE: Friday, September 5, 1997

GRACO ANNOUNCES ELECTION OF NEW DIRECTOR AND REGULAR QUARTERLY DIVIDEND

MINNEAPOLIS, MN (SEPTEMBER 5) - Graco Inc. (NYSE: GGG) announced today that Jerald L. Scott has been elected to its Board of Directors.

Mr. Scott, 55, is Senior Vice President of Operations for H.B. Fuller Company (NASDAQ: FULL). In this position he has management responsibilities for the operations of the Company's geographic regions (Europe, Asia Pacific and Latin America), the Specialty Divisions based in the U.S. and Corporate Purchasing, Manufacturing/Engineering and Quality. Mr. Scott is a graduate of Georgia State University with a B.S. in chemistry. He started at H.B. Fuller Company as a chemical operator in 1962 and has served in a variety of management positions prior to assuming his current responsibilities in 1996.

ALSO ANNOUNCED TODAY - The Board of Directors of Graco Inc. has declared a regular quarterly dividend of 14 cents per common share payable on November 5, 1997 to shareholders of record at the close of business on October 1, 1997. The Company has approximately 17 million shares outstanding.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.

FOR IMMEDIATE RELEASE: Thursday, December 19, 1996
FOR FURTHER INFORMATION: Mark W. Sheahan (612) 623-6656


GRACO ANNOUNCES MANAGEMENT CHANGES

MINNEAPOLIS, MN (December 19) Graco Inc. (NYSE: GGG) announces the following management changes.

James E. Boren, 51, has accepted the position of President, Chinas. Mr. Boren has been with Graco for 28 years, primarily in Industrial Sales positions and most recently as General Manager of the Industrial Equipment Division.

Clayton R. Carter, 58, has been appointed to the position of Vice President, Industrial Equipment Division. Mr. Carter has been with Graco for 35 years, most recently as Vice President of the Lubrication Equipment Division.

David M. Lowe, 40, has been appointed to the position of Vice President, Lubrication Equipment Division. Mr. Lowe joined Graco in 1995 after a career in corporate finance and was most recently Graco's Treasurer.

Mark W. Sheahan, 32, has been appointed to the position of Treasurer. Mr. Sheahan joined Graco in 1995 after a career in public accounting and most recently held the position of Manager, Treasury Services.

Dale D. Johnson, 42, has been appointed to the position of Vice President, Contractor Equipment Division. Mr. Johnson has been with Graco for 18 years, and was most recently the Director of Marketing, Contractor Equipment Division

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.





FOR IMMEDIATE RELEASE: Friday, February 23, 1996
FOR FURTHER INFORMATION: David M. Lowe (612) 623-6789


GRACO ANNOUNCES REGULAR QUARTERLY DIVIDEND;
AUTHORIZES REPURCHASE OF 800,000 COMMON SHARES

MINNEAPOLIS, MN (February 23) - The Board of Directors of Graco Inc. (NYSE: GGG) has declared a regular quarterly dividend of 12 cents per common share payable on May 1, 1996 to shareholders of record at the close of business on April 3, 1996. The Company has 17.3 million shares outstanding.

In a separate action, the Board also authorized a plan for the Company to purchase up to a total of 800,000 shares of its outstanding common stock. These shares will be acquired primarily through open-market purchases to be made from time to time. The shares acquired will offset stock issued to satisfy stock options and for other corporate purposes. Under a previous authorization, which will expire on February 28, 1996, the Company repurchased approximately 385,000 post-split shares of its common stock.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.



[ 1st Quarter, 1996 Dividends | 2nd Quarter, 1996 Dividends | 3rd Quarter, 1996 Dividends ]




FOR IMMEDIATE RELEASE Friday, June 14, 1996
FOR FURTHER INFORMATION David M. Lowe (612) 623-6789


GRACO ANNOUNCES REGULAR QUARTERLY DIVIDEND

MINNEAPOLIS, MN (June 14) - The Board of Directors of Graco Inc. (NYSE: GGG) has declared a regular quarterly dividend of 12 cents per common share payable on August 7, 1996 to shareholders of record at the close of business on July 3, 1996. The Company has 17,311,862 shares outstanding.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.



[ 1st Quarter, 1996 Dividends | 2nd Quarter, 1996 Dividends | 3rd Quarter, 1996 Dividends ]




FOR IMMEDIATE RELEASE: Friday, September 27, 1996
FOR FURTHER INFORMATION: David M. Lowe (612) 623-6789


GRACO ANNOUNCES REGULAR QUARTERLY DIVIDEND

MINNEAPOLIS, MN (September 27) - The Board of Directors of Graco Inc. (NYSE: GGG) has declared a regular quarterly dividend of 12 cents per common share payable on November 6, 1996 to shareholders of record at the close of business on October 4, 1996. The Company has approximately 17.1 million shares outstanding.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.



[ 1st Quarter, 1996 Dividends | 2nd Quarter, 1996 Dividends | 3rd Quarter, 1996 Dividends ]


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