Smurfit-Stone Container Corporation (Nasdaq: SSCC) announced that all eight of its nominees to serve on the company’s board of directors were elected for one year terms by shareholders at its annual meeting.
Shareholders also approved the following actions:
* Ratification of the appointment of Ernst & Young LLP as independent auditors of the company for 2004;
* The Smurfit-Stone 2004 Long Term Incentive Plan; and
* The Smurfit-Stone Non-Employee Director Deferred Compensation Plan.
The votes in favor of the election of each of the board of directors were in excess of 92 percent of the shares presented at the meeting. The votes in favor of the Ernst & Young ratification were approximately 96 percent; in favor of the Long Term Incentive Plan, approximately 81 percent; and the votes in favor of the Non-Employee Director Deferred Compensation Plan, approximately 90 percent.