Baldor Electric Company Announces Annual Shareholders' Meeting Highlights and 2nd Quarter 2007 Dividend

FORT SMITH, Ark., May 21 /PRNewswire-FirstCall/ -- Baldor Electric Company markets, designs, and manufactures industrial electric motors, power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Baldor made the following announcements today after the recent Shareholders' and Board of Director Meetings.

Annual Shareholders' Meeting Highlights ... The Company's Annual Shareholders' Meeting was held on May 19, 2007, in Fort Smith and attended by over 800 shareholders and guests. Following are the highlights of the meeting.

-- Company directors Jean A. Mauldin, Robert L. Qualls, Barry K. Rogstad and Ronald E. Tucker were elected to serve a three-year term which will expire in 2010. -- At the meeting, presentations were made by John A. McFarland, Chairman and CEO, Ronald E. Tucker, President and COO, and William K. Ramsbey, Vice President of Manufacturing for Dodge. The presentations can be viewed on the Company's website and a printed copy will be available soon.

Cash Dividend ... The Board of Directors declared a cash dividend of $0.17 per share on the Company's common stock payable on June 29, 2007, to shareholders of record on June 8, 2007.

Next Reports ... Members of management will participate in the KeyBanc Capital Markets Industrial Conference in Boston on June 7 and at the Better Investing National Conference in Dallas on June 22. For more information, please email investorinfo@baldor.com