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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. Tu.

March 11, 2014 at 10:22 PM

Microsoft expands board, announces quarterly dividend

G. Mason Morfit (Photo from ValueAct Capital)

G. Mason Morfit (Photo from ValueAct Capital)

Microsoft expanded its board to 11 members Tuesday with the addition of G. Mason Morfit, 38, president of ValueAct Capital.

The move was expected — the result of an agreement announced last August in which Microsoft’s board averted a proxy battle. Under the agreement, ValueAct Capital won the option of a board seat and regular meetings with Microsoft executives.

Here’s the story on Morfit joining the board that’s running in the print edition of The Seattle Times March 12, 2014.

In addition, Microsoft’s board on Tuesday declared a quarterly dividend of 28 cents per share — the same as the last quarterly dividend. The dividend is payable June 12 to shareholders of record on May 15. The ex-dividend date will be May 13.

Comments | More in Microsoft | Topics: board, dividend, valueact

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