WALNUT CREEK, Calif., May 21 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (the Company) announced today that at the Company's Annual Meeting of Shareholders all nine director nominees were re-elected to the Board of Directors. Following the meeting, the Board of Directors re-elected PMI Chief Executive Officer L. Stephen Smith as Chairman of the Board. The members of the PMI Board of Directors are:
-- Carmine Guerro; -- Wayne E. Hedien; -- Louis G. Lower II; -- Raymond L. Ocampo Jr.; -- John D. Roach; -- L. Stephen Smith; -- Jose H. Villarreal; -- Mary Lee Widener; and -- Ronald H. Zech.
Shareholders also ratified the appointment of Ernst & Young LLP as independent auditors for the Company for the year ending December 31, 2010, and granted approval of the amendment to the PMI Certificate of Incorporation increasing authorized common shares by 100 million shares, approval of the amendment to the PMI Employee Stock Purchase Plan providing an additional 800,000 shares for the plan, and approval of the amendment to the PMI Amended and Restated Equity Incentive Plan providing an additional three million shares for the plan.
About The PMI Group, Inc.
The PMI Group, Inc. , headquartered in Walnut Creek, CA, provides credit enhancement solutions that expand homeownership while supporting our customers and the communities they serve. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products. For more information: http://www.pmi-us.com/.
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The PMI Group, Inc.
CONTACT: Investors, Bill Horning of The PMI Group, Inc.,
+1-925-658-6193, or Media, Joel Luebkeman of The PMI Group, Inc.,
+1-925-658-6818
Web Site: http://www.pmigroup.com/
