Adams Resources Announces the Withdrawal of a Shareholder Proposal

HOUSTON, April 11, 2012 /PRNewswire/ -- Representatives of The Domestic and Foreign Missionary Society of the Protestant Episcopal Church in the United States of America (the"EC") have informed Adams Resources & Energy, Inc. (NYSE Amex: AE) that the EC has withdrawn its shareholder proposal regarding board representation that was included in the Company's proxy materials.  The Company and the EC have agreed to dialogue further regarding board representation.  Therefore, the EC's shareholder proposal will not be presented at the Company's 2012 annual meeting of shareholders to be held on May 16, 2012 and no vote will be taken on the shareholder proposal.

Rick Abshire
(713) 881-3609

 

SOURCE Adams Resources & Energy, Inc.

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