WESTERN RESOURCES DECLARES DIVIDEND, LOSES CFO
Western Resources has declared a third-quarter 2000 dividend of 30 cents per share payable Oct. 2, 2000, on the company’s approximately 69.3 million shares of common stock. The board also declared regular quarterly dividends on the company’s preferred stock payable Oct. 1, 2000. The dividends are payable to shareholders of record as of Sept. 8, 2000. In addition, Bill Moore, executive vice president, CFO and treasurer, announced his plan to resign as of Aug. 31. Moore has agreed to advise the company in a consulting capacity. Moore, who has commuted between his home in Wichita and Topeka for the past two years, says, “The commute, coupled with the company’s effort to seek a merger partner, led me to conclude that it was in the best interests of my family and me to pursue other opportunities. I appreciate the experiences I’ve had with the company and look forward to the company’s continued progress.” Jim Martin, vice president, strategic planning, will assume Moore’s responsibilities Sept. 1 as senior vice president, finance and treasurer. Western Resources, the parent company of Protection One, is a consumer services firm with interests in monitored services and energy.
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