Dean Foods Announces Chief Executive Officer Exercised Options With Intent To Hold Shares
DALLAS, Aug. 10, 2012 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today announced that Gregg Engles, Chairman and Chief Executive Officer, has exercised stock options for approximately 950,000 shares in a net exercise transaction with the company. He intends to hold all of the shares of Dean Foods common stock obtained through the option exercise net of those shares necessary to cover the exercise price and related tax liability. The 950,000 options were granted to Mr. Engles in 2003 under a shareholder approved stock awards plan and expire in January of 2013. Following the completion of this exercise, Mr. Engles will hold approximately 2,829,061 million shares of Dean Foods common stock.
About Dean Foods
Dean Foods is a leading food and beverage company in the United States and a European leader in branded plant-based foods and beverages. The Company's Fresh Dairy Direct segment is one of the nation's largest processors and direct-to-store distributors of fluid milk marketed under more than 50 local and regional dairy brands and private labels. Fresh Dairy Direct also distributes ice cream, cultured products, juices, teas, bottled water and other products. The WhiteWave-Alpro segment produces and sells an array of branded dairy, plant-based food and beverages, and coffee creamers. WhiteWave brands – including Silk®, Horizon Organic®, International Delight®, and LAND O'LAKES® – are category leaders and consumer favorites. Alpro is the pan-European leader in branded soy food and beverage products with the Alpro® soya and Provamel® brands. Morningstar Foods is a leading warehouse delivery dairy business that produces and sells traditional and specialty items, including cultured dairy products, ice cream mixes, coffee creamers, aerosol whipped toppings, traditional and value-added milks, and blended iced beverages to retailers and foodservice providers nationwide. For more information, visit www.deanfoods.com.
CONTACT: Corporate Communications, Liliana Esposito, +1-214-721-7766; or Investor Relations, Barry Sievert, +1-214-303-3438
SOURCE Dean Foods Company