Mykrolis Corporation Announces Employment Inducement Stock Option Grants
April 29 2004 - 5:30PM
PR Newswire (US)
Mykrolis Corporation Announces Employment Inducement Stock Option
Grants BILLERICA, Mass., April 29 /PRNewswire-FirstCall/ --
Mykrolis Corporation , a leading supplier of components and systems
to the semiconductor industry, today announced that Employment
Inducement Stock Options covering an aggregate of 4,600 shares had
been granted on April 28, 2004 to 5 newly hired employees of
Mykrolis. In accordance with newly adopted 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, , +1-978-436-6500, both of Mykrolis
Corporation Web site: http://www.mykrolis.com/
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