Sara Lee Corporation Sara Lee Corp. Holds Annual Meeting of Stockholders

 
TIDMSRL

At Sara Lee Corp.'s (NYSE: SLE) annual meeting of stockholders, held today in Glen Ellyn, Ill., management reviewed business developments and strategy and discussed the organization's plan to divide into two separate, publicly traded companies by the first half of calendar year 2012.

Also, the board of directors today declared a regular quarterly dividend of $.115 per share on the company's common stock. The dividend is payable on Jan. 9, 2012 to stockholders of record at the close of business on Dec. 1, 2011. Sara Lee Corp. has paid quarterly dividends to its stockholders continuously for more than 65 years, and today's announcement represents the 263rd consecutive quarterly dividend declared by the corporation.

Finally, the company announced the preliminary results of voting, in which the stockholders:

 
 
    -- elected all 12 incumbent directors to serve one-year terms on

Sara Lee's board of directors.

 
    -- ratified the appointment of PricewaterhouseCoopers LLP as Sara Lee's

independent auditor for fiscal 2012.

 
    -- approved an advisory stockholder vote on executive compensation, and

also voted to hold an advisory vote on executive compensation on an

annual basis.

 
    -- rejected a proposal requesting that Sara Lee publish a report on

political contributions.

About Sara Lee Corporation

Each and every day, Sara Lee (NYSE: SLE) delights millions of consumers and customers around the world. The company has one of the world's best-loved and leading portfolios with its innovative and trusted food and beverage brands, including Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Sara Lee and Senseo. Collectively, our brands generate nearly $9 billion in annual net sales from continuing operations. Sara Lee has approximately 20,000 employees in its continuing operations worldwide. In January, 2011, Sara Lee Corp. announced that it will divide the company into two pure play publicly-traded companies. One company will be focused around the current International Coffee and Tea business, while the other company will be focused on the North American Retail Meats and North American Foodservice businesses. For more information on this news, and on Sara Lee's brands, please visit www.saralee.com.

Media: Mike Cummins, +1.630.598.8412Analysts: Melissa Napier, +1.630.598.8739

Sara Lee Corp (LSE:SRL)
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