JOHNSON CITY, Tenn.,
Sept. 9, 2013 /PRNewswire/
-- NN, Inc. (Nasdaq: NNBR) today announced that certain of its
Directors and Executive Officers intend to exercise options due to
expire March 1, 2014. These
individuals expect to exercise their options and sell shares to
cover taxes and required exercise costs in an orderly and timely
fashion prior to the expiration of their options. Sales may
occur either through open market transactions or through the
adoption of predetermined trading plans in accordance with the
guidelines specified under Rule 10b5-1 of the Securities Exchange
Act of 1934 and are expected to begin sometime after September 9, 2013.
NN has a total of 185,000 shares subject to options that will
expire March 1, 2014. In
addition, as part of their long-term investment strategy for asset
diversification and liquidity, Directors and Executive Officers may
from time to time elect to exercise other options and sell shares
which are not due to expire in 2014.
The exercise of any options and the sale of stock will be
disclosed publicly through Form 144 and Form 4 filings with the
Securities and Exchange Commission. The Form 4 filings will
be accessible in the "Corporate Information - Investor Relations"
section of NN's website by clicking on the link "Inside Ownership
(Section 16) Reports".
NN, Inc. manufacturers and supplies high precision metal bearing
components, industrial plastic and rubber products and precision
metal components to a variety of markets on a global basis.
Headquartered in Johnson City,
Tennessee, NN has 10 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had
sales of US $370 million in 2012.
SOURCE NN, Inc.