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William L. Lewis, President of Lease Crutcher Lewis, Joins Todd Shipyards Corporation Board of Directors
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Via Facsimile Total Pages - 1
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Contact: Summer O'Connor Shareholder Relations 206-623-1635 Ext. 106
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SEATTLE, WASHINGTON...September 20, 2004... Todd Shipyards Corporation ("Todd" or
the "Company") announced that William L. Lewis was elected to the Board of Directors of
the Company at its annual meeting of shareholders on Friday, September 17, 2004.
Mr. Lewis is President and Chief Executive Officer of Lease Crutcher Lewis, a construction
firm headquartered in Seattle, Washington, with offices in Portland, Oregon and Toronto, Canada.
Mr. Lewis is Vice Chairman of The Seattle Foundation, past chairman and board member of the
Woodland Park Zoo in Seattle, past chairman and current member of the Downtown Seattle Association,
and Vice Chairman of the American Heart Walk in Seattle. Mr. Lewis is an honors graduate of
Princeton University with a bachelor's degree in Civil Engineering, Mr. Lewis also has a
Masters Degree and Honors Fellowship in Civil Engineering and Construction Management from Stanford University.
The Company also announced at a meeting conducted on September 17, 2004, that its Board of
Directors declared a dividend of ten cents ($0.10) per share to be paid December 23 to all
shareholders of record as of December 8, 2004. The Company had previously announced its intent to
pay a dividend of ten cents ($0.10) per share payable on September 23, 2004 to all shareholders
of record as of September 8, 2004.
Todd Shipyards Corporation is traded on the New York Stock Exchange (symbol TOD). Its wholly
owned subsidiary Todd Pacific Shipyards Corporation performs a substantial amount of repair and
maintenance work on commercial and federal government vessels engaged in various seagoing trade
activities in the Pacific Northwest. Its customers include cruise ships, U.S. flag cargo
carriers, fishing boats, tankers, tugs and barges, the U.S. Navy, the U.S. Coast Guard, the Washington
State Ferry system, the Alaska Marine Highway system, and other government units.
Todd has operated a shipyard in Seattle since 1916.
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