DEERFIELD, Ill.--(BUSINESS WIRE)--
Fortune Brands Home & Security (NYSE: FBHS), an industry-leading home
and security products company, today announced the Company's stockholder
rights plan expired, in accordance with its terms, on October 3, 2012.
Stockholders are not required to take any action as a result of this
expiration. The Company adopted the plan in advance of its spin-off from
Fortune Brands, Inc. on October 3, 2011.
"In view of the circumstances at the time the company was preparing to
become an independent, publicly-traded business, adopting a stockholder
rights plan was an appropriate step to protect stockholders," said Chris
Klein, chief executive officer, Fortune Brands Home & Security. "After
customary evaluation of our corporate governance practices and policies,
and after considering the performance of our business and stock over the
past year and other factors, the Board decided to permit the stockholder
rights plan to terminate upon the expiration of its initial one-year
term."
About Fortune Brands Home & Security, Inc.
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in
Deerfield, Ill., creates products and services that help fulfill the
dreams of homeowners and help people feel more secure. The company's
trusted brands include Master Lock security products, MasterBrand
cabinets, Moen faucets, Simonton windows and Therma-Tru entry door
systems. FBHS holds market leadership positions in all of its segments.
The company's 16,000 associates generated more than $3.3 billion in net
sales in 2011. FBHS is part of the S&P MidCap 400 Index. For more
information, please visit www.FBHS.com.
Fortune Brands Home & Security
Media Contact:
Gary Ross,
847-484-4456
gary.ross@FBHS.com
or
Investor
Contact:
Brian Lantz, 847-484-4574
brian.lantz@FBHS.com
Source: Fortune Brands Home & Security
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