CHICAGO, Aug. 27, 2015 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) today reported that its Board
of Directors had completed an analysis of the votes cast at the
Company's 2015 Annual Meeting of Shareholders. The analysis was
centered on a shareholder proposal recommending that Old Republic
adopt a majority voting standard for uncontested director elections
in substitution for its existing plurality voting standard. As a
result of this analysis and re-examination of the matter, the Board
of Directors remains resolute in its conclusion that it is in the
best interest of Old Republic and its shareholders to retain the
Company's existing plurality voting standard for the election of
directors. A letter to the Company's shareholders summarizing the
analysis of the votes cast on the shareholder proposal and the
Board of Directors' observations and conclusions relating thereto
is available on the Company's website at www.oldrepublic.com.
About Old Republic
Chicago-based Old Republic International
Corporation is one of the nation's 50 largest publicly held
insurance organizations. Its most recent financial statements
reflect consolidated assets of approximately $17.27 billion and common shareholders'
equity of $3.93 billion, or
$15.16 per share. Its current stock
market valuation is approximately $4.04
billion, or $15.48 per
share.
The Company is organized as an insurance holding company whose
subsidiaries actively market, underwrite, and provide risk
management services for a wide variety of coverages mostly in the
general and title insurance fields. A long-term interest in
mortgage guaranty and consumer credit indemnity lines has devolved
to a run-off operating mode in recent years.
For the latest news releases and other
corporate documents on Old Republic:
Please write
to:
Investor Relations
Old Republic
International Corporation
307 North Michigan
Avenue
Chicago,
IL 60601
312-346-8100
or visit us at
www.oldrepublic.com
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SOURCE Old Republic International Corporation