This excerpt taken from the MLI DEF 14A filed Mar 26, 2009.
The purpose of the Plan is to assist the Company in attracting, retaining, motivating and rewarding certain key employees, officers, directors and consultants of the Company and its Affiliates, and promoting the creation of long-term value for stockholders of the Company by closely aligning the interests of such individuals with those of such stockholders. The Plan authorizes the award of Stock-based incentives to Eligible Persons to encourage such persons to expend their maximum efforts in the creation of stockholder value.
This excerpt taken from the MLI DEF 14A filed Mar 27, 2007.
The Audit Committee (the Audit Committee) of the Board of Directors of Mueller Industries, Inc. (the Company) is appointed by the Board of Directors to assist the Board of Directors in fulfilling its oversight responsibilities relating to (i) corporate accounting, disclosure and reporting practices and legal and regulatory compliance of the Company, (ii) the quality and integrity of the Companys financial statements and (iii) the qualifications, independence and performance of the Companys internal audit function and independent auditors.