Cabot Microelectronics Posts Additional Corporate Governance Materials On Website
January 06 2004 - 5:00PM
PR Newswire (US)
Cabot Microelectronics Posts Additional Corporate Governance
Materials On Website AURORA, Ill., Jan. 6 /PRNewswire-FirstCall/ --
Cabot Microelectronics Corp. , the leading supplier of chemical
mechanical planarization (CMP) polishing slurries to the
semiconductor industry, today announced that it has posted
additional corporate governance materials on the company's website,
http://www.cabotcmp.com/ . The company's recent posting of the
charters for each of the committees of the board of directors of
the company along with its previous posting of information such as
the company's Corporate Governance Guidelines, Code of Business
Conduct, and Audit Committee Complaint Procedures, continues its
efforts to provide convenient access to the public of Cabot
Microelectronics' corporate governance practices and material. This
information joins the company's existing website postings of
presentations to investors and all of its SEC filings, including
postings of all transactions in the company's stock by executive
officers and directors by the end of the business day following the
filing of Form 4's, Statement of Changes in Beneficial Ownership of
Securities, for such transactions with the Securities and Exchange
Commission (SEC). "Cabot Microelectronics and our employees,
officers and directors are committed to complying with high
standards of corporate governance, and take seriously their
obligations to comply with the securities and other laws, as well
as our corporate governance policies, which include those regarding
trading in company stock. Posting of additional corporate
governance material to our website is another means by which we can
provide convenient access to this important information to our
investors and the general public," stated William P. Noglows, Cabot
Microelectronics' Chairman, President and Chief Executive Officer.
All of the company's officers, directors and employees are required
to comply with the company's Code of Business Conduct, securities
laws and the company's policy regarding prohibitions on insider
trading when engaging in any transactions involving the company's
stock. With respect to transactions involving the company's stock,
the company's executive officers, directors and certain employees,
are also required to follow the company's trading guidelines for
directors, officers and key employees, which include the
requirement that any transactions take place only within certain
open "window" periods throughout the year. Certain of the company's
executive officers and directors have general plans to engage in
the sales of company stock and the exercise of options from time to
time at various intervals in the future in the interests of
diversifying their respective financial holdings and for estate
planning purposes. Any such sales will be at the initiative of the
individuals involved and are not part of an existing contract,
instruction or formal plan to sell securities adopted by any of
such individuals. In addition, the company anticipates that
officers, directors, and employees who hold options granted at the
time of the company's initial public offering will exercise such
options prior to their expiration in April 2005. About Cabot
Microelectronics Corporation Cabot Microelectronics, headquartered
in Aurora, Illinois, USA, is the world leader in the development
and supply of high-performance polishing slurries used for chemical
mechanical planarization (CMP), a process that enables the
manufacture of the most advanced integrated circuit (IC) devices
and hard disk drive components. The Company reported fiscal 2003
revenues of $251.7 million. For more information please visit the
Cabot Microelectronics website at http://www.cabotcmp.com/ or call
630-499-2600. Safe Harbor Statement This news release may include
statements that constitute "forward-looking statements" within the
meaning of federal securities regulations. These forward-looking
statements include statements related to future sales and operating
results, company and industry growth and trends, growth of this
market, international events, new product introductions and
development of new products and technologies by Cabot
Microelectronics. These forward-looking statements involve a number
of risks, uncertainties, and other factors, including those
described from time to time in Cabot Microelectronics' filings with
the Securities and Exchange Commission (SEC), that could cause the
actual results to differ materially from those described by these
forward-looking statements. In particular, see "Risks Relating to
Our Business" in Management's Discussion and Analysis in our annual
report on Form 10-K for the fiscal year ended September 30, 2003,
filed with the SEC. Cabot Microelectronics Corporation assumes no
obligation to update this forward- looking statement. Contact:
William S. Johnson Vice President and Chief Financial Officer Cabot
Microelectronics Corporation 630-375-6631 DATASOURCE: Cabot
Microelectronics Corp. CONTACT: William S. Johnson, Vice President
and Chief Financial Officer of Cabot Microelectronics Corporation,
+1-630-375-6631 Web site: http://www.cabotcmp.com/
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