CHARLOTTE, N.C., Sept. 19 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that Patrick J. O'Leary, Executive Vice
President, Treasurer, and CFO, has terminated his previously announced
10b5-1 plan covering the exercise of options to purchase, and sale of
underlying, 1,028,546 shares of SPX stock. Approximately 250,000 options
covered by the plan were not exercised. These options expire in June, 2009.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader.
The company offers highly-specialized engineered solutions to solve
critical problems for customers.
SPX is focused on providing solutions that support the expansion of
global infrastructure, with particular emphasis on the growing worldwide
demand for energy and power. Its innovative product portfolio, containing
many environmentally friendly products, includes cooling systems for power
plants throughout the world; custom engineered process equipment that
assists a variety of flow processes including food and beverage
manufacturing, oil and gas exploration, distribution and refinement and
power generation; handheld diagnostic tools that aid in vehicle maintenance
and repair; and power transformers that regulate voltage for electrical
transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than
17,000 people worldwide in over 35 countries. Visit http://www.spx.com. (NYSE:
SPW)
SOURCE SPX Corporation
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Related links:
http://www.spx.com
CONTACT:
Investors, Jeremy W. Smeltser,
+1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein,
+1-704-752-7403, jennifer.epstein@spx.com
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