Ameron International Former Employee Investigation Over Ameron Intl’s Executive Compensation Practice

If you are a former and current employees of Ameron Intl Corp, who are or were participants or beneficiaries of the Ameron International employee pension plan and currently hold Ameron International (NYSE: AMN) stock, and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Ameron International
Affected Securities: 
NYSE: AMN

An investigation on behalf of former and current employees of Ameron International, who are or were participants or beneficiaries of the Ameron Intl employee company stock option plan and/or currently hold NYSE: AMN stock over possible breaches of fiduciary duties in connection with Ameron International Corp’s executive compensation practices was announced.

The investigation by a law firm focuses on possible breaches of fiduciary duties related to potential excessive compensation that was awarded to certain senior officers and executives at Ameron Intl Corporation based upon its current operating condition and that was improper compared to what senior officers and executives at comparable companies were making.

Ameron Intl’s 12months Total Revenue decrease over the past four filing periods from $631.01million to $503.26million. Its Net Income declined from $67.24million to $46.25million.

Even though shares of Ameron International Corporation (Public, NYSE:AMN) rose from as low as $33.30 per share in November 08 to $84.11 in December 2010, respectively $80.94 in January 2011, NYSE AMN stock fell from over $130 per share in August 2008 and traded recently with slightly above $60 per shares at roughly 50% of its August 2008 value.

Nevertheless Ameron Intl.’s CEO earned in 2010 $3.93million and its CFO $2.11million.

Ameron Intl’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Ameron's say on pay provision. Ameron International Corporation (Public, NYSE:AMN) received 57.7% opposition against its pay practices at its March 30 annual meeting, according to a company filing.

Former (or current) employees of Ameron International, who currently hold stocks of Ameron International Corporation (NYSE: AMN), may be eligible to file a complaint against certain directors and officers, so the investigation.