CLARCOR Inc Increases Quarterly Dividend By 12.5%; Names New Chairman

CLARCOR Inc announced that its Board of Directors has resolved to increase the Company's regular quarterly dividend by 12.5%, from $0.12 per share of common stock to $0.135 per share of common stock. The Board resolved to pay the new $0.135 per share dividend on October 19, 2012, to shareholders of record on October 8, 2012. The Board also announced that it has appointed Christopher Conway, CLARCOR's current President, Chief Executive Officer and Director, to the position of Chairman of the Board, and appointed independent director Robert Burgstahler to the newly created position of Lead Director. Both appointments will become effective upon the retirement of the Company's current Executive Chairman, Norm Johnson, which is scheduled to occur at the end of November 2012.