Document wDKOMovbDQr77q0RYp89Bqk6Q

,*2l. 4r. . .i'*i *- MIRUTES OF THE MEETING OF THE BC#R& OF OlRECTORS * OF PITTSBURGH CORNING CORPORATION Mi .A EXHIBIT MELD AT 1160NIER. PENNSYLVANIA, THURSDAY. JUNE 6. 1963 [j The rcui.ftR meeting or the Board or Directors of Pittsburgh Corning CORPORATION WAS HELD AT THE APPOINTED TIME ANC FtACE. : *V * " .a *K0RY HOUOHT&N, J*. Amory*Houghton, St. Felix T* Hushes I PONTIFFS iJwvnl 1164- The Cash Forecast rot the period of Jure through October,was reviewed. As * IS INDICATED A FAVORABLE CASH POSITION, THE PRESIDENT RECOMMENDED' CONSIDERATION OF dividend. After motion duly made, seconded ao carried,.it was RESOLVED, That there be,, a*p hereby is, be Clare d FROM THE SURPLUS PROFITS OF T*f'Co*FORAT10* A* REGULAR DIVIDEND OF $12*50 PER COMMON'*HARE VoR^FNC QUARTER tHDIHC June 50, 1965, payable.a* the 27th akr of June, 1965, to HOLDERS Dr RECORD Qr I^CK STbfxVw^KE 15TH DAY OF JURE, 1965; and the Treasure*,^ he Rest directed and authorized TO CAUSE SAME THE DATE SPECIFIED. The election e> OVjcers or the Corporation for the ensuinc year was the next *oc*`1iT`oysnitss./After motion duly made, sccokded and unanimously carried, THE FOLLOWING OFFiCfctF'wCRE ELECTED TO SERVE TOR THE ENSUING TEAR OR UNTIL THEIR SUCCESSOR# ARE CjUCTCOi Russell Brittjnbham Robert . Buckley Karl Baumler Frank R. Naston Ralph E. Ooehla Evelyn A* He it President Vick President-Sales Vice President-Manufacturing Secretary and Treasurer Assistant Treasurer Assistant Secretary WV-11164 2 t<$s * v-' The UKIBESTOS aeration^/was reviewed. I ho {cations Ate that-.net Sale* wul, E WITHIN $50,000 or THE $,$05,000 /I AST-YEAR ESTIMATE AMO TBAT''G*0SS .MARGIN V>LtVBE WITHIN $2,000 OF THE $$$7;000 ESTIMATE. THE PRODUCT IS fECElVl^S 00CD RCC^FTANCE AND A SECOND FLANT Wt LX^f "cb'HFLETEO AT PORT AllESANY N^Oc?oiSBj 1963, Vt SERVE THE EASTERN SECTION fr THE Un 1 TED STATES. \ ' ** * i "N V'-'* \ Ms. 8RITT INGHAM HEVIEWED ftfE TWO AFPS0FHiATV6N REQUESTS rON THE FOAMGLAS WAREHOUSE AND THE NEW UNlBESTOS ^lA*T.^,.HB\ *HQl*4cD THESE APPROPRIATIONS WILL BE OVER THE ORIGINAL ESTIMATE$t;*S AP>ft^lo T THE^BOARP JANUARY 3?, 1963, ODE TO THE FACT THAT THE OVENS MUTCHAS*? ^BOH- UH ^ON ASBESTOS AND RUBBER COMPANY WERE NOT USABLE AND THE OUST COLLECTING S^|TE HAD'* BE EXPANOED, T*E TOTAL INCREASE IN COS? WAS ESTIMATE AT^g^'.OCfc AND ?4e ktW TOTAL WOULO BE $822,000 rOR THE TWO REQUESTS. ?H I $ IS STILL WJ'THIN THs\^0%$/lOWANCE BEFORE A SUFFLlMENTAL AFFROFRI AT I ON REQUEST IS ACQUIRES. I t Frank R. Maqton Secretary