Cogent communications holdings, inc. announces fourth quarter dividend, payable on december 9, 2019; announces board changes

On november 5, 2019, the board of cogent communications holdings, inc. approved a regular quarterly dividend of $0.64 per common share payable on december 9, 2019 to shareholders of record on november 22, 2019. this fourth quarter 2019 regular dividend represents a 3.2% increase of $0.02 per share from the third quarter 2019 regular dividend of $0.62 per share and an annual increase of 14.3% from the fourth quarter of 2018 dividend of $0.56 per share.  on november 4, 2019, cogent communications holdings, inc. announced that messrs.  richard liebhaber and timothy weingarten resigned from the board of directors of cogent.  upon recommendation of the nominating and corporate governance committee, the board appointed sheryl kennedy and carolyn katz to serve as directors of cogent, effective november 5, 2019. ms. kennedy is non-executive chair of promontory financial group canada, an ibm company.  she is also vice chair of the canadian public accountability board and a director of the cls group holdings ag and cls bank international board of directors, serving on the audit and finance and the nominating and governance committees and ms. katz, age 57, has served on the boards of several public and private companies since 2000.  she has been a director of vonage holdings corp. since 2014. ms. kennedy has been appointed to the audit committee. ms. katz has been appointed to the compensation and the nominating and corporate governance committees. following these appointments, the composition of the company’s three standing committees of independent members of the board is as follows:audit committee: mr. lewis ferguson (chair), ms. kennedy and mr. marc montagner; compensation committee: mr. steven brooks (chair), mr. blake bath and ms. katz; nominating and corporate governance committee: mr. montagner (chair), mr. ferguson and ms. katz. ms. katz, age 57, has served on the boards of several public and private companies since 2000. she has been a director of vonage holdings corp. (nyse: vg) since 2014, where she is a member of the audit and compensation committees. from 2004 to 2017 she was also a director of american tower corporation, a provider of international communications infrastructure, where she was a member of the audit committee. from 2002 to 2015 she was a director of nii holdings, a multinational cellular telecommunications company, where she served as lead director, chair of the audit committee and was a member of the finance and corporate governance and nominating committees. from 2000 to 2004 she was a director of universal access, serving on the audit committee. from 2000 to 2001 ms. katz served as a principal of providence equity partners inc., a private investment firm specializing in equity investments in telecommunications and media companies. from june 1984 to april 2000, she worked at goldman, sachs & co., ending her tenure there as a managing director and co-head of emerging communications.
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