News Column

PTC Announces Declassification of its Board of Directors

August 4, 2014



NEEDHAM, Mass.--(BUSINESS WIRE)-- PTC (Nasdaq: PTC) today announced that its Board of Directors has declassified the PTC Board, effective immediately. Instead of three classes of directors elected for staggered three-year terms, all PTCs directors will be elected annually, beginning at the 2015 Annual Meeting of Stockholders.

"Our decision to declassify the Board of Directors is consistent with PTCs commitment to corporate governance practices that are aligned with shareholders' interests," said Paul Lacy, chairman of PTCs Corporate Governance Committee.

PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries. All other companies referenced herein are trademarks or registered trademarks of their respective holders.

About PTC

PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage. PTCs technology solutions help customers transform the way they create, operate and service products for a smart, connected, world. Founded in 1985, PTC employs approximately 6,000 professionals serving more than 28,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com.




PTC Investor Relations

James Hillier, 781-370-6359

jhillier@ptc.com

Source: PTC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters