MILWAUKEE, May 30, 2013 (GLOBE NEWSWIRE) -- We are investigating Molex, Inc. ("Molex" or the "Company") and its Board of Directors in connection with the Company's unlawful grants of stock options to its CEO Martin Stark.
Click here to learn how to join the action: http://www.ademilaw.com/case/molex-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Molex has a shareholder approved Stock Incentive Plan, pursuant to which no officer of the company may receive stock awards in excess of 500,000 awards per year. In 2010, 2011, and 2012, the Board violated the plan by issuing the Vice Chairman and CEO, Martin Slark, excessive amounts of stock awards. Specifically, in 2010 Stark was awarded 823,000 options, in 2011 he was awarded 900,000 options, and in 2012 he was awarded 600,000 options.
If you have owned common stock in Molex since August 2009 or earlier and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/molex-inc.
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CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP