SOURCE: Kulicke & Soffa

May 04, 2006 07:00 ET

Kulicke & Soffa CEO Announces Adoption of Securities Trading Plan Under SEC Rule 10b5-1

FT. WASHINGTON, PA -- (MARKET WIRE) -- May 4, 2006 -- Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) today announced that its chairman and chief executive officer, C. Scott Kulicke, has re-established a plan under Rule 10b5-1 of the Securities and Exchange Commission, to provide for pre-determined sales of a portion of his K&S common stock, subject to certain price restrictions and other contingencies. These sales will enable Mr. Kulicke to gradually diversify his assets.

Under the plan, Mr. Kulicke will sell up to 20,000 shares per month over a one-year period beginning June 1, 2006. The maximum number of shares that may be sold during this period represents approximately 15% of Mr. Kulicke's current holdings of K&S common stock and exercisable options to purchase common stock and 0.4% of the currently outstanding common stock of K&S.

Rule 10b5-1 permits the implementation of a written plan for selling company stock on a regular basis, regardless of any subsequent material non-public information they receive or the price of the stock at the time of sale. Sales under the plan will occur in a systematic manner with the goal of minimal market impact by spreading such sales over an extended period of time than would be available using the Company's traditional "window period."

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is the world's leading supplier of semiconductor wire bonding assembly equipment. We believe K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor assembly equipment along with the complementing packaging materials that contact the surface of the customer's semiconductor devices. The ability to provide these critical, assembly related products is unique to Kulicke & Soffa, and allows us to develop system solutions to the new technology challenges inherent in assembling and packaging next-generation semiconductor devices. Kulicke & Soffa's web site address is http://www.kns.com.

Contact Information

  • Company Contact:
    Michael Sheaffer
    215-784-6411
    215-784-6167 fax
    Email Contact