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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2024
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

On October 22, 2024, the Board of Directors approved the following actions:

Termination of the SERP; see Note titled Retirement Plans for additional information; and
Declaration of a regular quarterly dividend of $0.04 per share payable December 10, 2024, to common shareholders of record at the close of business on November 11, 2024.

Also, effective October 22, 2024, the Executive Committee of the Board of Directors approved the formation of a wholly owned captive insurance company, as part of the Company’s enterprise-wide multi-year insurance strategy to more efficiently manage its insurance costs.