KEMET Announces Conference Call to Discuss Acquisition of NEC TOKIN
February 23 2017 - 7:05AM
KEMET Corporation (NYSE:KEM), will host a conference call at 9:00
AM (EST) this morning- Thursday, February 23, 2017, to discuss the
announcement this morning that, through its wholly owned
subsidiary, KEMET Electronics Corporation, it has signed a
definitive agreement to complete the acquisition of NEC TOKIN.
To access the call via telephone, participants
in the United States should dial 1-800-416-8033, and participants
outside the United States should dial 1-706-643-0979.
Participants should reference "KEMET Corporation" and Conference ID
#77525020. Participants can view a
corresponding presentation from the KEMET website at www.kemet.com
by clicking on the NEC TOKIN Acquisition announcement link in the
Investor Relations section of the website. The presentation
will be available immediately prior to the beginning of the
call. Following management’s comments, there will be an
opportunity for questions.
In conjunction with the conference call, there
will be a simultaneous live broadcast over the internet that can be
accessed at http://ir.kemet.com/. A replay of the conference
call will be available until midnight, March 13, 2017, through the
same link.
About KEMET
The Company’s common stock is listed on the NYSE under the
ticker symbol “KEM” (NYSE:KEM). At the Investor Relations
section of our web site at http://www.kemet.com/IR, users may
subscribe to KEMET news releases and find additional information
about our Company. KEMET applies world class service and
quality to deliver industry leading, high performance capacitance
solutions to its customers around the world and offers the world’s
most complete line of surface mount and through-hole capacitor
technologies across tantalum, ceramic, film, aluminum,
electrolytic, and paper dielectrics. Additional information about
KEMET can be found at http://www.kemet.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING
STATEMENTS
Certain statements included herein contain forward-looking
statements within the meaning of federal securities laws about the
Company’s financial condition and results of operations that are
based on management’s current expectations, estimates and
projections about the markets, in which the Company operates, as
well as management’s beliefs and assumptions. Words such as
“expects,” “anticipates,” “believes,” “estimates,” variations of
such words and other similar expressions are intended to identify
such forward-looking statements. These statements are not
guarantees of future performance and involve certain risks,
uncertainties and assumptions, which are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in, or implied by, such
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect
management’s judgment only as of the date hereof. The Company
undertakes no obligation to update publicly any of these
forward-looking statements to reflect new information, future
events or otherwise.
Factors that may cause actual outcomes and results to differ
materially from those expressed in, or implied by, these
forward-looking statements include, but are not necessarily limited
to, the following: (i) adverse economic conditions could impact our
ability to realize operating plans if the demand for our products
declines, and such conditions could adversely affect our liquidity
and ability to continue to operate; (ii) continued net losses could
impact our ability to realize current operating plans and could
materially adversely affect our liquidity and our ability to
continue to operate; (iii) adverse economic conditions could cause
the write down of long-lived assets or goodwill; (iv) an increase
in the cost or a decrease in the availability of our principal or
single-sourced purchased materials; (v) changes in the competitive
environment; (vi) uncertainty of the timing of customer product
qualifications in heavily regulated industries; (vii) economic,
political, or regulatory changes in the countries in which we
operate; (viii) difficulties, delays or unexpected costs in
completing the restructuring plans; (ix) equity method investment
in NEC TOKIN exposes us to a variety of risks; (x) acquisitions and
other strategic transactions expose us to a variety of risks; (xi)
possible acquisition of NEC TOKIN may not achieve all of the
anticipated results; (xii) our business could be negatively
impacted by increased regulatory scrutiny and litigation; (xiii)
inability to attract, train and retain effective employees and
management; (xiv) inability to develop innovative products to
maintain customer relationships and offset potential price erosion
in older products; (xv) exposure to claims alleging product
defects; (xvi) the impact of laws and regulations that apply to our
business, including those relating to environmental matters; (xvii)
the impact of international laws relating to trade, export controls
and foreign corrupt practices; (xviii) changes impacting
international trade and corporate tax provisions related to the
global manufacturing and sales of our products may have an adverse
effect on our financial condition and results of operations; (xix)
volatility of financial and credit markets affecting our access to
capital; (xx) the need to reduce the total costs of our products to
remain competitive; (xxi) potential limitation on the use of net
operating losses to offset possible future taxable income; (xxii)
restrictions in our debt agreements that limit our flexibility in
operating our business; (xxiii) failure of our information
technology systems to function properly or our failure to control
unauthorized access to our systems may cause business disruptions;
(xxiv) additional exercise of the warrant by K Equity which could
potentially result in the existence of a significant stockholder
who could seek to influence our corporate decisions; and (xxv)
fluctuation in distributor sales could adversely affect our results
of operations.
Contact:
William M. Lowe, Jr.
Executive Vice President and Chief Financial Officer
williamlowe@KEMET.com
864-963-6484
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