AURORA, Ill., Jan. 6 /PRNewswire-FirstCall/ -- Cabot Microelectronics
Corp. (Nasdaq: CCMP), the leading supplier of chemical mechanical
planarization (CMP) polishing slurries to the semiconductor industry, today
announced that it has posted additional corporate governance materials on the
company's website, www.cabotcmp.com . The company's recent posting of the
charters for each of the committees of the board of directors of the company
along with its previous posting of information such as the company's Corporate
Governance Guidelines, Code of Business Conduct, and Audit Committee Complaint
Procedures, continues its efforts to provide convenient access to the public
of Cabot Microelectronics' corporate governance practices and material. This
information joins the company's existing website postings of presentations to
investors and all of its SEC filings, including postings of all transactions
in the company's stock by executive officers and directors by the end of the
business day following the filing of Form 4's, Statement of Changes in
Beneficial Ownership of Securities, for such transactions with the Securities
and Exchange Commission (SEC).
"Cabot Microelectronics and our employees, officers and directors are
committed to complying with high standards of corporate governance, and take
seriously their obligations to comply with the securities and other laws, as
well as our corporate governance policies, which include those regarding
trading in company stock. Posting of additional corporate governance material
to our website is another means by which we can provide convenient access to
this important information to our investors and the general public," stated
William P. Noglows, Cabot Microelectronics' Chairman, President and Chief
Executive Officer.
All of the company's officers, directors and employees are required to
comply with the company's Code of Business Conduct, securities laws and the
company's policy regarding prohibitions on insider trading when engaging in
any transactions involving the company's stock. With respect to transactions
involving the company's stock, the company's executive officers, directors and
certain employees, are also required to follow the company's trading
guidelines for directors, officers and key employees, which include the
requirement that any transactions take place only within certain open "window"
periods throughout the year. Certain of the company's executive officers and
directors have general plans to engage in the sales of company stock and the
exercise of options from time to time at various intervals in the future in
the interests of diversifying their respective financial holdings and for
estate planning purposes. Any such sales will be at the initiative of the
individuals involved and are not part of an existing contract, instruction or
formal plan to sell securities adopted by any of such individuals. In
addition, the company anticipates that officers, directors, and employees who
hold options granted at the time of the company's initial public offering will
exercise such options prior to their expiration in April 2005.
About Cabot Microelectronics Corporation
Cabot Microelectronics, headquartered in Aurora, Illinois, USA, is the
world leader in the development and supply of high-performance polishing
slurries used for chemical mechanical planarization (CMP), a process that
enables the manufacture of the most advanced integrated circuit (IC) devices
and hard disk drive components. The Company reported fiscal 2003 revenues of
$251.7 million. For more information please visit the Cabot Microelectronics
website at www.cabotcmp.com or call 630-499-2600.
Safe Harbor Statement
This news release may include statements that constitute "forward-looking
statements" within the meaning of federal securities regulations. These
forward-looking statements include statements related to future sales and
operating results, company and industry growth and trends, growth of this
market, international events, new product introductions and development of new
products and technologies by Cabot Microelectronics. These forward-looking
statements involve a number of risks, uncertainties, and other factors,
including those described from time to time in Cabot Microelectronics' filings
with the Securities and Exchange Commission (SEC), that could cause the actual
results to differ materially from those described by these forward-looking
statements. In particular, see "Risks Relating to Our Business" in
Management's Discussion and Analysis in our annual report on Form 10-K for the
fiscal year ended September 30, 2003, filed with the SEC. Cabot
Microelectronics Corporation assumes no obligation to update this forward-
looking statement.
Contact:
William S. Johnson
Vice President and Chief Financial Officer
Cabot Microelectronics Corporation
630-375-6631
SOURCE Cabot Microelectronics Corp.
-0- 01/06/2004
/CONTACT: William S. Johnson, Vice President and Chief Financial Officer
of Cabot Microelectronics Corporation, +1-630-375-6631/
/Web site: http://www.cabotcmp.com /
(CCMP)
CO: Cabot Microelectronics Corp.
ST: Illinois
IN: CPR HRD MLM ENV CHM
SU:
SH-CM
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0882 01/06/2004 17:00 EST http://www.prnewswire.com