GVHR » Topics » • A.D. Frazier, Jr. joins Board of Directors

This excerpt taken from the GVHR 8-K filed Feb 17, 2005.

    •     A.D. Frazier, Jr. joins Board of Directors

BRADENTON, FL, February 17, 2005 – The Board of Directors of Gevity (NASDAQ: GVHR) declared a dividend of $0.07 per common share, payable on April 29, 2005 to shareholders of record on April 15, 2005. This represents a 16.7% increase from the previous quarterly dividend level of $0.06 per common share, and is the second dividend increase in twelve months. Commenting on the dividend increase, Erik Vonk, Gevity’s Chairman and Chief Executive Officer stated, “This increase reflects the continued confidence of our board in our prospects for the future.”

Gevity further announced that A.D. Frazier, Jr. was elected to its Board of Directors at its meeting on February 16, 2005. Mr. Frazier is the former Chief Operating Officer of the Atlanta Committee for the Olympic Games and retired in March 2004 as President and Chief Operating Officer of Caremark Rx, Inc. Prior to his positions at Caremark, Mr. Frazier was Chairman and Chief Executive Officer of the Chicago Stock Exchange. He was previously a global partner of AMVESCAP Plc., a London-based independent global investment management firm and the parent company of INVESCO, Inc. at which he previously held various executive positions. Mr. Frazier also serves as non-executive Chairman of the Board of Goldkist, Inc. (NASDAQ: GKIS) and is a member of the Board of Directors of Apache Corp. (NYSE: APA).

Regarding Mr. Frazier’s election, Mr. Vonk stated, “Gevity is very pleased to have the benefit of Mr. Frazier’s varied business experience, which further strengthens our Board of Directors.” Mr. Frazier will stand for re-election together with the other nominees at the annual meeting of shareholders to be held on May 12, 2005.

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