Remy International, Inc. Named to NASDAQ Global Select Market
PENDLETON, Ind., Dec. 16, 2013 /PRNewswire/ -- Remy International, Inc. (NASDAQ: REMY), a leading worldwide manufacturer, remanufacturer, and distributor of starters and alternators for light vehicle and commercial vehicle applications, locomotive products and hybrid electric motors, today announced, effective Tuesday, December 17, 2013, listing of the company's common stock will be transferred to the NASDAQ Global Select Market, the highest of the three market tiers at NASDAQ. Listing on the NASDAQ Global Select Market is reserved for companies that meet the highest quantitative and qualitative listing standards, reflecting their demonstrated commitments to leadership and good governance.
"We are pleased to be recognized by NASDAQ for our established record of sound management and that Remy has joined the top tier of the NASDAQ Stock Market. We remain focused on building long-term value for shareholders," said Jay Pittas, Remy's President and Chief Executive Officer.
Fred Knechtel, Remy's Chief Financial Officer added, "We are honored to be added to NASDAQ's Select Market, joining some of the most respected companies in the world who also uphold NASDAQ's rigorous qualification standards and fiscal responsibility."
NASDAQ-listed companies are classified under three listing tiers: NASDAQ Global Select Market, NASDAQ Global Market, and NASDAQ Capital Market. Remy common shares previously traded on the NASDAQ Capital Market and, following transfer to the NASDAQ Global Select Market, will continue to trade under the ticker symbol REMY.
About Remy International, Inc.
Founded by the Remy Brothers in 1896, Remy International, Inc. is a leading global manufacturer and remanufacturer of alternators, starter motors and electric traction motors. Headquartered in Pendleton, IN, with global operations across five continents and 10 countries, Remy International markets products under the Delco Remy®, Remy® and World Wide Automotive® brands. Known for innovation, efficiency, quality, and best-in-class customer service and support, Remy International's products are integrated by leading industrial, specialty, automotive and heavy-duty OEMs, and aftermarket providers worldwide. We Start the World & Keep It RunningTM.
Investor Contact: Fred Knechtel, Sr. Vice President, CFO and Treasurer
SOURCE Remy International, Inc.