Nine directors, including first-time member Anne Pollack, were elected
to Andrew Corporation's board at the company's annual meeting of
Andrew shareholders also adopted a new management incentive plan and new
long-term incentive plan, and ratified the appointment of Ernst & Young
LLP as independent auditors.
Re-elected to one-year terms on the Andrew board were Thomas A. Donahoe,
Ralph E. Faison, Jere D. Fluno, William O. Hunt, Charles R. Nicholas,
Robert G. Paul, Gerald A. Poch, and Glen O. Toney. In addition, Anne F.
Pollack was elected to her first one-year term on the Andrew board.
Donahoe, Fluno, Hunt, Poch, Toney, and Pollack qualify as independent
Pollack, 49, is senior vice president and chief investment officer of
New York Life Insurance Company, a position she has held since January
2002. She joined New York Life in 1980 and has held various positions in
the investment and financial management divisions. She also is a
director for MainStay VP Series Fund, Inc., Community Preservation
Corporation, and CORO New York Leadership Center, as well as several New
York Life internal boards.
Materials distributed to attendees of the annual meeting, as well as
other relevant material, have been posted on Andrew's website at www.andrew.com.
Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers
innovative and essential equipment and solutions for the global
communications infrastructure market. The company serves operators and
original equipment manufacturers from facilities in 35 countries. Andrew
headquartered in Orland Park, IL, is an S&P 500 company founded in 1937.
Forward Looking Statements
Some of the statements in this news release are forward looking
statements and we caution our stockholders and others that these
statements involve certain risks and uncertainties. Factors that may
cause actual results to differ from expected results include the
company's ability to integrate acquisitions and to realize the
anticipated synergies and cost savings, the effects of competitive
products and pricing, economic and political conditions that may impact
customers' ability to fund purchases of our products and services, the
company's ability to achieve the cost savings anticipated from cost
reduction programs, fluctuations in international exchange rates, the
timing of cash payments and receipts, end use demands for wireless
communication services, the loss of one or more significant customers,
and other business factors. Investors should also review other risks and
uncertainties discussed in company documents filed with the Securities
and Exchange Commission.