Document j9Bm1yG0QNpXOLdwgXJ4yOdN

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OP PITTSBURGH CORKING CORPORATION * * KELP AT NEW YORK. KEtf YORK. MARCH 2, 1966 I The regular steering of the Board of Directors of Pittsburgh Corning Corporation vas held at the appointed cine and place. Members present: Mr, Russell BrittIngham, Presiding Mr. Robinson F. .Bather c^^il<^T6BM2w*CO^li4V5 vv ' t'rlr^UDavi4^>3t;H.!TiGAlTi0i'i PLAINTIFFS EXHIBIT wv-m&L Mr. Aseetp noughton, Jr. Mr. Azoory Houghton, Sr. Mr. Felix T. Hughes Mr. George D. Macbeth J After a discussion of the cash forecast aad,,**h* net,intone Vor the year to date, the president recoroended that consideration be given; to'tbfc declaration of a dividend. After discussion, on notion duly m*de,ueecpnded, %d carried, it vas y' *v ' RESOLVED, That t^efe be, dpd hereb^T, declared fros the surplus profits of the dorporation, ay^gdlar dividend of $15.00 per Cocoon Share for thsN4Kjai*t*r*enaini March 31, 1966, payable on the 29th day of Jfttmb th holders ?f record of such stock on the 15th day of March, 3966; akd tyie Tfeasurer ie hereby directed and authorised to .e&ule tape to & phid on the date specified. IW WV-11162 - 2- A report on the UNIBESTOS operations at both^ Port Allegany, and'Tyier vis 1 given by the President. He noted that both plants Have erfpexienped tocre-ased volume and that orders received have been at a high-level -- te irab^to>o months of 196$ Have exceeded budgeted sales by 44%, .or $U7\000> ^d/'grossVniargrhs have exceeded budget by $79,000. * \ \\ J The Port Allegany >iaat\cokts ha'fe been under review for ^me^imi ;and the operation had been ^eut back to a,TyleV*type operation. It i^^a^sted that the 1966 gross margin "from ^is pl^'Vil'l'-bft*^bwt^breakeveij(^^\i.* ^V~e""