GREENVILLE, S.C., Sept. 28, 2017 (GLOBE NEWSWIRE) -- KEMET Corporation (NYSE: KEM ), a leading global supplier of passive electronic components, announced today that it is set to join the S&P SmallCap 600 index effective prior to the opening of trading on Monday, October 2. KEMET will be added to the S&P SmallCap 600 Electronic Manufacturing Services GICS (Global Industry Classification Standard) sub-Industry index.
The S&P SmallCap 600 is an index offered by S&P Dow Jones Indices that is designed to measure the small-cap segment of the U.S. equity market (market capitalization of $450 million to $2.1 billion). The index has criteria that stocks must meet to become components of the index, with the goal of ensuring that any company in the index is financially viable and has sufficient stock liquidity to allow index funds to invest in the stock .
About KEMET:
The Company's common stock is listed on the NYSE under the ticker symbol "KEM" (NYSE: KEM ). At the Investor Relations section of our web site at http://www.kemet.com/IR, users may subscribe to KEMET news releases and find additional information about our Company. KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. Additional information about KEMET can be found at http://www.kemet.com .
About S&P Dow Jones Indices: S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on its indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global, which provides essential intelligence for individuals, Companies, and governments to make decisions with confidence. For more information, visit http://www.spdji.com .
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation’s (the “Company”) financial condition and results of operations that are based on management’s current expectations, estimates and projections about the markets, in which the Company operates, as well as management’s beliefs and assumptions. Words such as “expects,” “anticipates,” “believes,” “estimates,” variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.
Certain risks and uncertainties that could cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements are described in the Company’s reports and filings with the Securities and Exchange Commission.
Contact:
William M. Lowe, Jr. Executive Vice President and Chief Financial Officer williamlowe@kemet.com 864-963-6484
Richard J. Vatinelle Vice President and Treasurer richardvatinelle@kemet.com 954-766-2838
