Baxter declares dividend

DEERFIELD — Baxter International declared a quarterly dividend of 13 cents per common share, payable on Oct. 3 to shareholders of record as of Sept. 2. In May, Baxter increased its quarterly dividend rate by 13 percent, reflecting the company’s commitment to returning value to shareholders while also balancing reinvestment in the business. The company has targeted an annual dividend payout ratio of approximately 35 percent of adjusted net income.

PCTEL tabs Antioch firm

BLOOMINGDALE — PCTEL Inc. has entered into a Product Representation agreement with Antioch-based EPI Technologies. EPI is a sales and marketing organization that represents industry leaders in wireless, wireline, public safety, military, security, and test equipment solutions. EPI will be the exclusive representative in the upper Midwest for PCTEL’s SeeHawk Engage portfolio of User Equipment-based mobile network performance test and engineering tools.Jeff Miller, PCTEL senior vice president, global sales for RF solutions, said EPI “has a unique combination of technical selling talent and customer relationships.”

2 appointed to US Foods board

ROSEMONT — US Foods Holding Corp. said Timothy R. McLevish has resigned from the company’s board of directors to become executive chairman of spinoff company Lamb Weston Holdings. Because Lamb Weston is a significant supplier to US Foods, McLevish would no longer qualify as an independent director. The company also announced the election of David Tehle and Court Carruthers to the board. Tehle retired in 2015 as executive vice president and chief financial officer of Dollar General Corp., a role he had held since 2004. Prior to Dollar General, he was CFO of Haggar Corp. He is currently on the board of directors for Genesco and serves on the board of directors of Jack in the Box as an audit committee member and finance committee chair. Tehled will serve as the new chairman of the Audit Committee for US Foods. Carruthers spent 13 years in senior leadership roles at W.W. Grainger, Inc., most recently as group president, Americas, where he was responsible for the company’s operations in the Americas, as well as e-commerce and technology innovation globally. He is currently a director and audit committee member of Ryerson Holding Corp. and serves on the board of multiple private companies, including Follett Corp. “We wish Tim all of the best in his new endeavor,” said Pietro Satriano, president and CEO of US Foods. “I’m pleased to welcome David and Court to the board. Both bring public company and audit experience, as well as a wealth of business and finance expertise.”