Document gbO67dRYDELLmZqkkb0v0z6eq

BRIEFED MINUTES OF MEETING OF DIRECTORS- April 11, 1968 21079 All Directors were present except Mr. Ramsdell. Minutes of the meeting of January 11, 1968 were approved. Mr. Baldwin reviewed the financial reports for the first half of fiscal y^r ended February 29, 1968, and reported on the general business *ffirs of the ComPany* Mr. Baldwin reported on the construction status of the Alkali Blue tint in Chicago, the Container Plant at Elgin and the Titanium Dioxide facility Ashtabula. He stated that the Barium Chemicals facilities at Ashtabula were Lina to cost more to complete than was originally estimated and Mr. Coolidge iLlalned the reasons therefor. Mr. Fine gave a progress report on capital exj*iditures to date as compared to budget for fiscal year. Resolutions as follows were Individually adopted) (1) Accepting the quarterly report; (2) Quarterly dividend of $1.00 on $4.00 Cumulative Convertible Preferred Stock, Series A; (3) Quarterly dividend of 50 on Common Stock; (4) Authorizing continuation of construction of Barium Chemicals facilities, increasing total cost from approximately $4,000,000 to approxi mately $6,000,000; (5) Amending Company's Contingent Deferred Compen sation Plan; (6) Amending The Sherwin-Williams Company Employees1 Retirement Plan - subject to approval of the U.S. Treasury Department; (7) Designating that the work groups covered by The Sherwin-Williams Company Employees' Retirement Plan shall include all unrecognized (as defined) hourly persons regularly employed at least 40 hours per week by any employer under the Plan; (8) Amending The Sherwin-Williams Company Salaried Employees' Retirement Plan - subject to approval of the U.S. Treasury Department; (9) Electing F. H. Clark Assistant Treasurer; RECORD BOOK PAGEATTEST-^___ - ` ''.- SECRETARY April 11, 1966