Mykrolis (NYSE:MYK)
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Mykrolis Corporation Announces Acquisition and Employment
Inducement Stock Option Grants
BILLERICA, Mass., Dec. 13 /PRNewswire-FirstCall/ -- Mykrolis Corporation
(NYSE:MYK), a leading supplier of components and systems to the semiconductor
industry, today announced that Employment Inducement Stock Options covering an
aggregate of 1,300 shares had been granted on December 9, 2004 to two newly
hired employee of Mykrolis. In accordance with New York Stock Exchange Rule
303A(8), these stock option grants were made under a stock option plan without
stockholder approval. Rule 303A(8) requires public announcement of option
grants made under this type of plan as well as written notice to the Exchange.
All of the above stock options were granted on terms that include the
following: seven year duration, exercise price equal to the closing price of
Mykrolis stock on the New York Stock Exchange on date of grant, vesting of 25%
of the shares on the first anniversary of the grant date, with the balance
vesting quarterly thereafter in 12 equal installments.
About Mykrolis
Mykrolis Corporation, based in Billerica, Massachusetts, is a worldwide
developer, manufacturer and supplier of liquid and gas delivery systems,
components and consumables used to precisely measure, deliver, control and
purify the process liquids, gases and chemicals, as well as the deionized
water, photoresists and vacuum systems utilized in the semiconductor
manufacturing process. In addition, the Company's products are used to
manufacture a range of other products, such as flat panel displays, high purity
chemicals, photoresists, solar cells, gas lasers, optical disks and fiber optic
cables. For more information, visit http://www.mykrolis.com/.
Contacts:
Bertrand Loy, Chief Financial Officer
Steve Cantor, Director of Investor Relations and Corporate Communications
978-436-6500
DATASOURCE: Mykrolis Corporation
CONTACT: Bertrand Loy, Chief Financial Officer, or Steve Cantor,
Director of Investor Relations and Corporate Communications both of Mykrolis
Corporation, +1-978-436-6500,
Web site: http://www.mykrolis.com/