Sysco Reelects Directors to Board; Approves Quarterly Cash Dividend

Three directors were reelected as Class III directors to serve an additional three-year term, including John M. Cassaday, Manuel A. Fernandez and Jackie M. Ward. John K. Stubblefield, Jr. was also a Class III director; however, he retired from the board on June 30, concurrent with his retirement from the company. As a result, the size of the board has been reduced from 12 members to its current size of 11.

In other matters, shareholders approved the appointment of Ernst & Young as independent accountants of the corporation. In addition, the 2007 Stock Incentive Plan and the amended and restated 1974 Employee Stock Purchase Plan were approved.

At its annual shareholder meeting the Board of Directors approved a 15.8% increase in the quarterly cash dividend to 22 cents per share from the current19 cents per share, Sysco reported.

The new dividend is payable on January 25, 2008, to common shareholders of record at the close of business on January 4, 2008.


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