SALT LAKE CITY, June 14 /PRNewswire/ -- Franklin Covey (NYSE: FC) declared
today a 2.50% dividend to shareholders of its Series A Preferred Stock to be
paid in-kind as is provided for by prospectus through July 2002. The Company
repurchased more than $7 million or nearly 900,000 shares of its Common Stock
during the first two quarters of fiscal 2001 to off-set any potential dilution
caused by the issuance of an in-kind dividend to Preferred Stock holders.
The dividend shares will be issued on June 15, 2001 to shareholders of
record of the Franklin Covey Series A Preferred Stock as of June 1, 2001.
About Franklin Covey Co.
Franklin Covey Co. is a leading learning and performance services firm
assisting professionals and organizations in measurably increasing their
effectiveness in leadership, productivity, communication and sales. Clients
include 80 of the Fortune 100, more than three-quarters of the Fortune 500,
thousands of small and mid-sized businesses, as well as numerous government
entities. Organizations and professionals access Franklin Covey services and
products through consulting services, licensed client facilitators, one-on-one
coaching, public workshops, catalogs, more than 150 retail stores,
http://www.franklincovey.com and http://www.franklinplanner.com. More than 3,500 Franklin
Covey associates provide professional services and products in 44 offices in
38 countries.
This announcement contains forward-looking statements that necessarily are
based on certain assumptions and are subject to certain risks and
uncertainties, including economic factors, the effects of competition, lack of
market acceptance of new products or services, failure to gain market share in
target markets and other factors identified and discussed in the Company's
2000 Form 10-K and subsequent 10-Q reports filed with the Securities and
Exchange Commission. There can be no assurance that the Company's actual
future performance will achieve the Company's expectations. These
forward-looking statements are based on management's expectations as of the
date hereof, and are based on factors that may cause future results to differ
materially from the Company's current expectations.
SOURCE Franklin Covey Co.
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Related links:
http://www.franklincovey.com
CONTACT:
Richard R. Putnam, Investor Relations of
Franklin Covey Co., 801-975-1776
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