Lisle, Illinois, United States
Molex Incorporated (NASDAQ:MOLX) and (NASDAQ:MOLXA), a global electronic components company, announced that its Co-Chairman, Frederick A. Krehbiel, has adopted a new Rule 10b5-1 stock trading plan in order to help enhance asset diversification and liquidity. The new stock trading plan was adopted in accordance with the guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934.
Mr. Krehbiel's plan provides for the sale of an aggregate of 365,000 shares of Molex Common Stock (MOLX) from February 2008 through April 2008. The transactions under the plan will be disclosed publicly as they occur through filings with the Securities and Exchange Commission.
Molex Incorporated is a 70-year-old manufacturer of electronic components, including electrical and fiber optic interconnection products and systems, switches and integrated products, with 59 plants in 19 countries throughout the world.
Editor's note: Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Company's voting common stock (MOLX) is included in the S&P 500 Index.
Source: Business Wire (Business Wire India)