At its annual shareholder’s meeting yesterday, CPAC, Inc. Executives detailed the success of its 1999 initiatives to reduce costs and increase earnings. President and Chief Executive Officer Thomas N. Hendrickson, told those in attendance, “Fiscal 2000’s performance and our just announced first quarter fiscal 2001 results demonstrate excellent progress in our initiatives undertaken in the last year to make CPAC a more profitable and a more competitive company. Most notably, ear...