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Kaman Announces New Officer, Declares Dividend

Thu, 11/08/2012 - 9:20am
Kaman Corp.

Kaman Corp. Appoints Richard S. Smith, Jr. Vice President, Deputy General Counsel and Assistant Secretary

Bloomfield, CT - Kaman Corporation today announced that Richard S. Smith, Jr. has been named Vice President, Deputy General Counsel and Assistant Secretary reporting to Shawn G. Lisle, Senior Vice President and Deputy General Counsel.

Smith will assume responsibility as the corporate Secretary upon the retirement of Candace A. Clark later this year. He will also focus on SEC and securities law matters, capital transactions, and mergers, acquisitions and divestitures.

Smith joins Kaman after a twenty-eight year career with Murtha Cullina LLP, where he was a partner and focused his practice on general corporate matters, securities law and mergers, acquisitions and divestitures. Murtha is in its eighth decade of providing outside counsel services to Kaman.

“Rich is a welcome addition to the Corporate Law Department. His experience in his areas of practice and coming from a firm with which we have such a long-standing relationship will be extremely beneficial,” stated Lisle.

He received both his Juris Doctor degree and Bachelor of Arts degree in Public Policy Studies and Economics from Duke University in Durham, NC. Rich and his family are residents of West Hartford, Connecticut.

Kaman Board of Directors Declares Dividend

Bloomfield, CT - Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on January 8, 2013 to shareholders of record on December 24, 2012. The payment, when made, will mark forty-three consecutive years of dividend payments by Kaman.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.

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