Centex Announces Preliminary Results of Shareholder Votes

Thursday, July 10, 2008 4:45 PM

Symbols: CTX

DALLAS, July 10 /PRNewswire-FirstCall/ -- Centex Corporation (NYSE: CTX) announced preliminary results of voting on stockholder proposals presented at the Company's 2008 Annual Meeting, held earlier today:


    PROPOSAL      SUBJECT         STATUS    % OF SHARES    % OF       % OF
                                             VOTING IN     SHARES     SHARES
                                               FAVOR*      VOTING   ABSTAINED*
                                                           AGAINST*
        1    Election of            All          86.1        1.57        N/A
             Directors           nominees
                                  elected
        2    Ratification of     Approved       86.97        0.04       0.65
             Appointment
             of Auditors
        3    Amended and         Approved       86.39        0.60       0.67
             Restated
             Articles of
             Incorporation
        4    Performance Goals   Approved       77.47        9.47       0.71
             Under
             Annual Plan
        5    Performance Goals   Approved       78.47        8.47       0.71
             Under
             2003 Equity Plan
        6    Amendments to 2003  Approved        70.3        8.95       0.69
             Equity
             Plan
        7    Stockholder            Not         13.33       37.76      28.85
             Proposal            approved
             Regarding Climate
             Change
        8    Stockholder         Approved       65.14       14.03       0.77
             Proposal to
             Declassify the
             Board

* Based on the total number of shares outstanding on the record date; sums may not add to 100 percent due to rounding and broker non-votes.

About 87.7 percent of the Company's 123.5 million shares of outstanding common stock were represented in person or by proxy in voting at the meeting.

Today's results are preliminary. Official voting results will be reported in more detail in the Company's quarterly report on Form 10-Q to be filed with the U.S. Securities and Exchange Commission in October.

About Centex

Dallas-based Centex, founded in 1950, is one of the nation's leading home building companies. Its leading brands include Centex Homes, Fox & Jacobs Homes and CityHomes. In addition to its home building operations, Centex also offers mortgage, title and insurance services. Centex has ranked among the top three builders on FORTUNE magazine's list of 'America's Most Admired Companies' for nine straight years and is a leader in quality and customer satisfaction.

SOURCE Centex Corporation

(Source: PR Newswire )