Consolidated-Tomoka Land Co. Holds Annual Meeting

Apr 25, 2001, 01:00 ET from Consolidated-Tomoka Land Co.

    DAYTONA BEACH, Fla., April 25 /PRNewswire/ -- The Annual Meeting of
 Shareholders of Consolidated-Tomoka Land Co. (Amex:   CTO) was held today at the
 LPGA International Clubhouse in Daytona Beach, Florida.
     Three directors of the Company were re-elected: John C. Adams, Jr.,
 Bob D. Allen, and David D. Peterson.  Also, a new Stock Option Plan for
 employees was approved.
     At a meeting of directors following the shareholders' session, the
 following officers were elected: Bob D. Allen, Chairman of the Board; William
 H. McMunn, President and Chief Executive Officer; Bruce W. Teeters, Senior
 Vice President-Finance and Treasurer; Robert F. Apgar, Vice President-General
 Counsel; Joseph Benedict III, Vice President-Government Relations; Patricia
 Lagoni, Vice President-Administration and Secretary; Linda Crisp, Assistant
 Secretary; and Gary Moothart, Controller.  Bob Allen stated that, "Bill McMunn
 is well prepared to provide the executive leadership of the Company."  He
 further stated that, "Bill's extensive real estate background and experience
 provide a skill set that is an excellent fit with the Company's new business
 strategy.  While I continue as an officer of the Company, my primary duties
 will involve strategic rather than tactical activity."
     Mr. McMunn stated, "I am very optimistic about the Company's future
 prospects and excited about the opportunity to manage the combined efforts of
 an exceptionally talented group of employees.  We have a business plan
 designed for growth, and a vibrant local real estate market which together
 should make for a bright future."
     In other action, a dividend of $.05 per share was declared payable on
 May 29, 2001, to shareholders of record on May 7, 2001.
     Consolidated-Tomoka Land Co. is a Florida based Company primarily engaged
 in the development of its land holdings in the Daytona Beach area and the
 management of its income properties strategically located in Florida's rapid
 growth areas.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X72393594
 
 

SOURCE Consolidated-Tomoka Land Co.
    DAYTONA BEACH, Fla., April 25 /PRNewswire/ -- The Annual Meeting of
 Shareholders of Consolidated-Tomoka Land Co. (Amex:   CTO) was held today at the
 LPGA International Clubhouse in Daytona Beach, Florida.
     Three directors of the Company were re-elected: John C. Adams, Jr.,
 Bob D. Allen, and David D. Peterson.  Also, a new Stock Option Plan for
 employees was approved.
     At a meeting of directors following the shareholders' session, the
 following officers were elected: Bob D. Allen, Chairman of the Board; William
 H. McMunn, President and Chief Executive Officer; Bruce W. Teeters, Senior
 Vice President-Finance and Treasurer; Robert F. Apgar, Vice President-General
 Counsel; Joseph Benedict III, Vice President-Government Relations; Patricia
 Lagoni, Vice President-Administration and Secretary; Linda Crisp, Assistant
 Secretary; and Gary Moothart, Controller.  Bob Allen stated that, "Bill McMunn
 is well prepared to provide the executive leadership of the Company."  He
 further stated that, "Bill's extensive real estate background and experience
 provide a skill set that is an excellent fit with the Company's new business
 strategy.  While I continue as an officer of the Company, my primary duties
 will involve strategic rather than tactical activity."
     Mr. McMunn stated, "I am very optimistic about the Company's future
 prospects and excited about the opportunity to manage the combined efforts of
 an exceptionally talented group of employees.  We have a business plan
 designed for growth, and a vibrant local real estate market which together
 should make for a bright future."
     In other action, a dividend of $.05 per share was declared payable on
 May 29, 2001, to shareholders of record on May 7, 2001.
     Consolidated-Tomoka Land Co. is a Florida based Company primarily engaged
 in the development of its land holdings in the Daytona Beach area and the
 management of its income properties strategically located in Florida's rapid
 growth areas.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X72393594
 
 SOURCE  Consolidated-Tomoka Land Co.