me pnamomnH
Report To
Stockholders
(See Page Four)
VOL. X, NO. 4
1948 — CELEBRATING OUR TWENTIETH ANNIVERSARY — 1968
APRIL, 1968
Directors Promote and Elect Officers
Eighth Cash Dividend Declared
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Senior Vice Presidents C. G. Brown, Jr., R. S. Northington and H. K. Saunders
Magazine Currently
Featuring Piedmont
April was magazine month for
Piedmont. The cover and lead
story of Air Transport World fea
tured the Airline Division, while
our general aviation activities re
ceived similar treatment in the
current issue of Professional Pilot
magazine.
Professional Pilot is a general
aviation publication with emphasis
directed to the corporate pilot. This
month’s color cover pictures Senior
Vice President H. K. Saunders and
Superintendent of Business Air
craft Maintenance Sales Bill Davis
with Reynolds Tobacco Co. Presi
dent Alex Galloway and Chief
Pilot Herb Drew.
The interview article, written by
Managing Editor Jack King, is
based on a discussion he had with
Bill Davis about the different facets
of Piedmont’s corporate main
tenance program.
p YS-11 Service
Set For May 15
Piedmont’s first YS-11, scheduled
for final delivery to INT May 10th,
should be on the line as planned
five days later.
The initial schedule for the first
of Piedmont’s ten new turbo-props
shows nine cities will be included
in the original service pattern.
A total of five flights numbered
900, 901, 902, 903 and 911 will serve
Winston-Salem, Danville, Lynch
burg, Charlottesville, Washington
(National Airport), Roanoke, Tri-
Cities, Knoxville and Shenandoah.
Following delivery on Friday, the
FAA proving runs will be conduct
ed on Saturday, Sunday and Mon
day.
Piedmont's
First
Boeing 737
Rolls Out
In Its
Colors
See Page Five
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W. O. TADLOCK
Assistant Vice President—
Flight Operations
Another cash dividend was de
clared by the Board of Directors of
Piedmont Aviation, Inc., at their
annual meeting in Winston-Salem,
marking the eighth consecutive
semi-annual cash dividend to be
declared by the Company since the
initial dividend of October, 1964.
The new dividend to be paid
June 1, 1968, to shareholders of
record on May 15, 1968, amounts
to 10 cents per share on the firm’s
common stock.
Preceding the Directors’ meet
ing was the annual meeting of
Piedmont’s stockholders, where
President Davis commented on the
events of the year 1967, which he
described “as one of the most
challenging in our firm’s 27 year
history.” He also listed net con
solidated income of $1,890,857 for
1967 or $1.02 per share.
Also at the Directors’ meeting,
T. H. Davis was re-elected Presi
dent and Treasurer, with all re
maining Piedmont officers newly
elected as follows: C. G. Brown,
Jr., Senior Vice President; R. S.
Northington, Senior Vice Presi
dent; H. K. Saunders, Senior Vice
President; W. W. Barber, Vice
President-Purchasing; H. M. Cart
wright, Vice President-Maint-
enance & Engineering; W. G. Mc
Gee, Vice President-Sales; T. W.
Morton, Vice President-Finance &
Secretary; R. E. Turbiville, As
sistant Vice President and J. R.
Farley was re-elected as Assistant
Secretary.
The elections of K. E. Ross to
.■\.^sist:uit Vice President-Traffic;
F. Long, Assistant Controller
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and W. 0. Tadlock, Assistant Vice
President-Flight Operations were
also announced by the Board.
At the shareholders’ meeting all
the present directors of Piedmont
were re-elected. Those directors
are; President Davis; Senior Vice
Presidents Brown, Northington and
Saunders; E. L. Davis, E. L. Da
vis, Jr., Bowman Gray, Charles
E. Norfleet and John F. Watlington,
Jr., all of Winston-Salem, Charles
F. Myers, Jr., of Burlington; W.
Frank Dowd of Charlotte, and
Ralph W. Gardner of Shelby.
T. W. MORTON
Vice President-Finance
W. W. BARBER
Vice President—Purchasing
W. G. McGEE
Vice President—Sales
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A. F. LONG
Assistant Controller
K. E. ROSS
Assistant Vice President—Traffic
R. E. TURBIVILLE
Assistant Vice President
, H. M. CARTWRIGHT
Vice President—Maintenance and
Engineering