CINCINNATI--(BUSINESS WIRE)--May 20, 2003--Stockholders of Chemed
Corporation (NYSE:CHE) (OTCBB:CHEQP) approved changing the company's
name to Roto-Rooter Inc. by more than 99 percent of the vote at
yesterday's annual meeting of stockholders. The name change will take
effect as soon as practicable, and the company's stock will continue
to be listed on the New York Stock Exchange under the new symbol RRR.
Also at the meeting, shareholders elected a slate of 11 directors
and ratified the continuation of PricewaterhouseCoopers LLP as the
company's independent accountants for 2003.
Following the meeting, the Board of Directors declared a quarterly
cash dividend of 12 cents per share on the company's capital stock,
payable on June 10, 2003, to stockholders of record on May 30, 2003.
This represents the 128th consecutive quarterly dividend paid to
shareholders in 32 years as a public company.
Roto-Rooter Inc. (www.rotorooter.com), headquartered in
Cincinnati, is a New York Stock Exchange-listed corporation operating
in the residential and commercial repair-and-maintenance-service
industry through two wholly owned subsidiaries. Roto-Rooter is North
America's largest provider of plumbing and drain cleaning services.
Service America Systems Inc. provides major-appliance and
heating/air-conditioning repair, maintenance, and replacement
Statements in this press release or in other Company
communications may relate to future events or the Company's future
performance. Such statements are forward-looking statements and are
based on present information the Company has related to its existing
business circumstances. Investors are cautioned that such
forward-looking statements are subject to inherent risk that actual
results may differ materially from such forward-looking statements.
Further, investors are cautioned that the Company does not assume any
obligation to update forward-looking statements based on unanticipated
events or changed expectations.
CONTACT: Chemed Corporation
Timothy S. O'Toole, 513/762-6702
SOURCE: Chemed Corporation