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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