MOLX » Topics » Stock Ownership Guidelines

This excerpt taken from the MOLX DEF 14A filed Sep 10, 2007.

Stock Ownership Guidelines

The Board strongly encourages stock ownership by executive officers. In 2004, we introduced minimum stock ownership guidelines for its executive officers that required them to own a number of shares equal in value to two times base salary. These guidelines, amended in August 2007, require the CEO to own a number of shares equal in value to three times base salary; the requirement for other executive officers remains at two times base salary.

Molex stock can be directly or beneficially owned; stock options and unvested restricted stock are not counted in determining ownership. Any individual promoted or hired into a position subject to these guidelines will have a five-year period within which to meet the ownership requirement. Mr. Slark currently holds shares in excess of five times his base salary. Messrs. Mahoney, Fleischhacker and Schubel hold shares with a value in excess of the ownership requirement. Mr. Johnson, who joined Molex in 2005, is on track to meet the ownership requirement.

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