NN, Inc. Chairman and CEO Announces Plans to Exercise Expiring Stock Options and Sell Shares
JOHNSON CITY, Tenn., Sept. 8 /PRNewswire-FirstCall/ -- NN, Inc. (Nasdaq: NNBR) today announced plans by Roderick R. Baty, Chairman and Chief Executive Officer to exercise 66,300 NN, Inc. stock options that are due to expire on October 10, 2010 and sell such shares in the open market beginning September 8, 2010. The original grant date of the options was October 10, 2000.
Three members of the Board of Directors, Michael E. Werner, G. Ronald Morris and Steven T. Warshaw also may exercise options due to expire on the same date as above in the amounts of 3,000 each and may sell these options in the open market beginning on September 8, 2010. All of the above transactions will be disclosed publicly as they occur through filings with the Securities and Exchange Commission.
NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 11 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had sales of US $259.4 million in 2009.
SOURCE NN, Inc.
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