AMCON Distributing Company, an Omaha, Nebraska-based consumer products company has named Charles J. “Chuck” Schmaderer as Chief Financial Officer in addition to the positions he presently holds as Vice President and Secretary of AMCON.
Andrew C. Plummer, who has served as AMCON’s Chief Financial Officer since January 2007, will continue to serve as AMCON’s President and Chief Operating Officer, as well as being a member of AMCON’s Board of Directors.
“Chuck has been a key member of our financial team at AMCON since 2006 and has worked closely with Andy and I over the years implementing a wide range of long term strategic initiatives,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer.
“We have built a strong culture of financial stewardship at AMCON over the years, and Chuck’s hard work and dedication have been central to those efforts. As our footprint continues to grow, the systems and procedures developed by Chuck and his finance team will provide a strong foundation to build upon,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer.
“One of the key tenets of AMCON’s operating philosophy over the years has been a relentless focus on the success of our customers. I look forward to building upon the Company’s foundation of financial strength and capabilities in support of this mission in the coming years,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer.
In addition, we are pleased to announce that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on December 1, 2020 to shareholders of record as of November 6, 2020.
At the same time, the Board of Directors replenished the number of shares authorized for repurchase under AMCON’s existing Common Stock repurchase program. The program provides for the purchase of up to 75,000 shares of AMCON’s common stock; the shares may be purchased from time to time in open market or negotiated transactions.