WALNUT CREEK, Calif.,
May 20, 2011 /PRNewswire/ -- The PMI
Group, Inc. (NYSE: PMI) (the Company) announced today that at the
Company's Annual Meeting of Shareholders held May 19, 2011, all ten 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:
- Timothy R. Eller;
- Carmine Guerro;
- Louis G. Lower II;
- Raymond L. Ocampo Jr.;
- Charles R. Rinehart;
- John D. Roach;
- L. Stephen Smith;
- Jose H. Villarreal;
- Mary Lee Widener; and
- Ronald H. Zech.
Shareholders also approved the non-binding resolution to approve
the 2010 compensation of our named executive officers, expressed a
preference for an annual advisory vote on executive compensation,
ratified the appointment of Ernst & Young LLP as independent
auditors for the Company for the year ending December 31, 2011, approved the Company's Amended
and Restated Tax Benefits Preservation Plan, and approved the
amendment to the PMI Certificate of Incorporation increasing
authorized common shares to 500 million shares.
About The PMI Group, Inc.
The PMI Group, Inc. (NYSE: PMI), headquartered in Walnut Creek, CA provides credit enhancement
solutions that expand homeownership while supporting our customers
and the communities they serve. Through its wholly owned
subsidiaries, PMI offers residential mortgage insurance and credit
enhancement products. For more information: www.pmi-us.com.
SOURCE The PMI Group, Inc.