SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 2000 Commission File Number 0-7491
MOLEX INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 36-2369491
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2222 Wellington Court, Lisle, Illinois 60532
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (630) 969-4550
Securities registered pursuant to Section 12 (b) of the Act: None
Securities registered pursuant to Section 12 (g) of the Act:
Common Stock, par value $0.05
Class A Common Stock, par value $0.05
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No _____
On August 25, 2000, the following numbers of shares of the Company's common
stock were outstanding:
Common Stock 98,584,474
Class A Common Stock 97,123,339
Class B Common Stock 94,255
The aggregate market value of the voting shares (based on the closing price of
these shares on the National Association of Securities Dealers Automated
Quotation System on such date) held by non-affiliates was approximately
$2.6 billion.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Annual Report to Shareholders for the year ended June 30, 2000,
are incorporated by reference into Parts I, II and IV of this report.
Portions of the Proxy Statement for the annual meeting of Stockholders, to be
held on October 20, 2000 are incorporated by reference into Part III of this
report.
Index to Exhibits listed on Pages 19 through 20.
TABLE OF CONTENTS
Part I Page
Item 1. Business 3
Item 2. Properties 8
Item 3. Legal Proceedings 9
Item 4. Submission of Matters to a Vote of Security Holders 9
Part II
Item 5. Market for the Registrant's Common Equity and 9
Related Stockholder Matters
Item 6. Selected Financial Data 10
Item 7. Management's Discussion and Analysis of Financial 10
Condition and Results of Operations
Item 7a. Quantitative and Qualitative Disclosures About 10
Market Risk
Item 8. Financial Statements and Supplementary Data 10
Item 9. Changes in and Disagreements with Accountants on 10
Accounting and Financial Disclosure
Part III
Item 10. Directors and Executive Officers of the Registrant 11
Item 11. Executive Compensation 13
Item 12. Security Ownership of Certain Beneficial Owners 13
and Management
Item 13. Certain Relationships and Related Transactions 13
Part IV
Item 14. Exhibits, Financial Statement Schedules, and Reports 14
on Form 8-K
Independent Auditors' Report on Schedule 16
Statements of Changes in Shares Outstanding 17
Schedule II - Valuation and Qualifying Accounts 18
Index to Exhibits 19
Signature Page 21
2
PART I
Item 1 - Business
General Development of the Business
Molex Incorporated originated from an enterprise established in 1938. It was
incorporated in 1972 in the state of Delaware. As used herein the term "Molex"
or "Company" includes Molex Incorporated and its United States and
international subsidiaries.
General Description of the Business
Molex is a leading manufacturer of electronic, electrical and fiber optic
interconnection products and systems; switches; value-added assemblies; and
application tooling. The Company operates 52 plants in 19 countries and
employs 17,650 people worldwide. In fiscal 2000, products manufactured and
sold outside the U.S. generated 61% of sales.
Molex serves original equipment manufacturers in industries that include
automotive, computer, computer peripheral, business equipment, industrial
equipment, telecommunications, consumer products and premise wiring. The Company
offers more than 100,000 products to customers primarily through direct sales
people and authorized distributors. The worldwide market for electronic
connectors, cable assemblies and backplanes was estimated at $29.7 billion. With
a 7.0% market share, Molex is the second-largest connector manufacturer in the
world in what is a fragmented but highly competitive industry.
Molex conducts business in one industry segment: the manufacture and sale of
electrical components. The Company designs, manufactures, and distributes
electrical and electronic devices such as terminals, connectors, planer cables,
cable assemblies, interconnection systems, fiber optic interconnection systems,
backplanes and mechanical and electronic switches. Crimping machines and
terminal inserting equipment (known as "application tooling") are offered on a
lease or purchase basis to the Company's customers for the purpose of applying
the Company's components to the customers' products. Net revenue from
application tooling constitutes approximately 1% of the Company's net revenues.
Molex products are designed for use in a broad range of electrical and
electronic applications as set forth below:
3
Percentage of
Fiscal 2000
Market Net Revenue Products
Computer/business equipment/ 55% Computers, peripheral
telecommunications equipment, calculators,
copiers, pagers and
dictation equipment
Consumer Products 17% Televisions, stereo high
fidelity systems,
compact disc players,
video tape recorders,
camcorders,
electronic games,
microwave ovens,
refrigerators, freezers,
dishwashers, disposals
and air conditioners
Automotive 18% Automobiles, trucks,
recreational vehicles
and farm equipment
Industrial 6% Factory robotics, process
controllers, electrical
power equipment and
transportation equipment
Other 4% Electronic medical
equipment, vending
machines, security
equipment and modular
office furniture and
premise wiring
The Company sells its products primarily to original equipment manufacturers
and their subcontractors and suppliers. The Company's customers include
various multinational companies, including AT&T, Canon, Cisco, Compaq, Delphi,
Hewlett Packard, IBM, Matsushita, Motorola, Nokia, Philips, Sony, Tellabs,
Thomson, Toshiba, Visteon, and Xerox, many of which Molex serves on a global
basis. Net revenues contributed by different industry groups fluctuate due to
various factors including model changes, new technology, introduction of new
products and composition of customers. No customer accounted for 10% or more of
net revenues in fiscal years 2000, 1999 or 1998. While its customers generally
make purchasing decisions on a decentralized basis, Molex believes that, due
to its financial strength and product development capabilities, it has and will
continue to benefit from the trend of many of its customers toward the use of
fewer vendors.
4
In the United States and Canada, the Company sells its products primarily
through direct sales engineers and industrial distributors. Internationally,
Molex sells primarily through its own sales organizations in Japan, Hong Kong,
Singapore, Taiwan, Republic of Korea, Malaysia, Thailand, China, Australia,
England, Italy, Ireland, France, Spain, Germany, the Netherlands, Switzerland,
Poland, Sweden, Norway, Denmark, South Africa, India, Canada, Mexico and
Brazil.
Outside of the United States and Canada, Molex also sells its products through
manufacturers' representative organizations, some of which act as distributors,
purchasing from the Company for resale. The manufacturers' representative
organizations are granted exclusive territories and are compensated on a
commission basis. These relationships are terminable by either party on short
notice. All sales orders received are subject to approval by the Company.
The Company promotes its products through leading trade magazines, direct
mailings, catalogs and other promotional literature. Molex is a frequent
participant in trade shows and also conducts educational seminars for its
customers and its manufacturers' representative organizations.
There was no significant change in the Company's suppliers, products, markets
or methods of distribution during the last fiscal year.
Molex generally seeks to locate manufacturing facilities to serve local
customers and currently has 52 manufacturing facilities in 19 countries on six
continents.
The principal raw materials and component parts Molex purchases for the
manufacture of its products include brass, copper, aluminum, steel, tin,
nickel, gold, silver, nylon and other molding materials, and nuts, bolts,
screws and rivets. Virtually all materials and components used in the
Company's products are available from several sources. Although the
availability of such materials has generally been adequate, no assurance can
be given that additional cost increases or material shortages or allocations
imposed by its suppliers in the future will not have a materially adverse
effect on the operations of the Company.
5
Competition
The business in which the Company is engaged is highly competitive. Most of
the Company's competitors offer products in some but not all of the industries
served by the Company. Molex believes that the ability to meet customer
delivery requirements and maintenance of product quality and reliability are
competitive factors that are as important as product pricing. Some of the
Company's competitors have been established longer and have substantially
larger manufacturing, sales, research and financial resources.
Patents/Trademarks
As of June 30, 2000, the Company owned 760 United States patents and had 273
patent applications on file with the United States Patent Office. The Company
also has 2,308 corresponding patents issued and 3,468 applied for in other
countries as of June 30, 2000. No assurance can be given that any patents will
be issued on pending or future applications. As the Company develops products
for new markets and uses, it normally seeks available patent protection. The
Company believes that its patents are of importance but does not consider
itself materially dependent upon any single patent or group of related patents.
Backlog
The backlog of unfilled orders at June 30, 2000 was approximately $407.5
million; this compares to $243.4 million at June 30, 1999. Substantially all
of these orders are scheduled for delivery within twelve months. The Company's
experience is that orders are normally delivered within ninety days from
acceptance.
Research and Development
Molex incurred total research and development costs of $128.8 million in 2000,
$105.9 million in 1999, and $93.9 million in 1998. The Company incurred costs
relating to obtaining patents of $6.6 million in 2000, $5.2 million in 1999,
and $5.4 million in 1998 which are included in total research and development
costs. The Company's policy is to charge these costs to operations as incurred.
The Company introduced many new products during the year; however, in the
aggregate, these products did not require a material investment of assets.
6
Compliance
The Company believes it is in full compliance with federal, state and local
regulations pertaining to environmental protection. The Company does not
anticipate that the costs of compliance with such regulations will have a
material effect on its capital expenditures, earnings or competitive position.
Employees
As of June 30, 2000, the Company employed 17,650 people worldwide. The Company
believes its relations with its employees are favorable.
International Operations
The Company is engaged in material operations in foreign countries. Net
revenue derived from international operations for the fiscal year ended
June 30, 2000 was approximately 61% of consolidated net revenue.
The Company believes the international net revenue and earnings will continue
to be significant. The analysis of the Company's operations by geographical
area appears in footnote 9 on page 45 of the 2000 Annual Report to Shareholders
and is incorporated herein by reference.
7
Item 2 - Properties
Molex owns and leases manufacturing, warehousing and office space in several
locations around the world. The total square footage of these facilities is
presented below:
Owned Leased Total
5,081,949 591,729 5,673,678
The leases are of varying terms with expirations ranging from fiscal 2000
through fiscal 2025. The leases in aggregate are not considered material
to the financial position of the Company.
The Company's buildings, machinery and equipment have been well maintained and
are adequate for its current needs.
A listing of principal manufacturing facilities is presented below:
Australia Ireland Republic of Korea
Melton, Victoria Millstreet Town Ansan City (2)
Shannon (2)
Brazil Singapore
Manaus Italy Jurong Town
Sao Paulo Padova
Taiwan
China (P.R.C.) Japan Taipei
Dongguan Kagoshima (2)
Shanghai (2) Okayama Thailand
Shioya Bangkok
England Shizuoka
Farnham Yamato United States
Auburn Hills, Michigan (2)
France Malaysia Maumelle, Arkansas (2)
Chateau Gontier Perai, Penang Hudson, New Hampshire
Orange, California
Germany Mexico Pinellas Park, Florida
Biberach Guadalajara St. Petersburg, Florida
Ettlingen Magdalena Downers Grove, Illinois (2)
Nogales (2) Lisle, Illinois
India Naperville, Illinois (2)
Bangalore Poland Mooresville, Indiana
Gandhinagar Tczew Lincoln, Nebraska (3)
Gilford, New Hampshire
Puerto Rico
Ponce
8
Item 3 - Legal Proceedings
None deemed material to the Company's financial position or consolidated
results of operations.
Item 4 - Submission of Matters to a Vote of Security Holders
None.
PART II
Item 5 - Market for the Registrant's Common Equity and Related Stockholder
Matters
Molex is traded on the National Market System of the NASDAQ in the
United States and on the London Stock Exchange. The information set
forth under the caption "Fiscal 2000, 1999, and 1998 by Quarter
(Unaudited)" on page 47 of the 2000 Annual Report to Shareholders is
incorporated herein by reference.
The following table presents quarterly dividends per common share for the
last two fiscal years. The fiscal 1999 dividends per share have been restated
for the 25% stock dividend issued in January, 2000.
Class A
Common Stock Common Stock
Fiscal 2000 Fiscal 1999 Fiscal 2000 Fiscal 1999
Quarter Ended -
September 30, 0.0200 0.0120 0.0200 0.0120
December 31, 0.0200 0.0120 0.0200 0.0120
March 31, 0.0250 0.0120 0.0250 0.0120
June 30, 0.0250 0.0120 0.0250 0.0120
Total 0.0900 0.0480 0.0900 0.0480
Cash dividends on Common Shares have been paid every year since 1977.
A description of the Company's Common Stock appears in footnote 3 on page 40
of the 2000 Annual Report to Shareholders and is incorporated herein by
reference.
On June 16, 1999, the Company acquired Cardell Corporation, an automotive
terminal and connector manufacturer. In connection with this acquisition, the
former shareholders of Cardell received 2.3 million shares of Molex Common
Stock (MOLX), approximate market value $69.4 million, which were exempt from
registration under Section 4(2) of the Securities Act of 1933.
9
Item 6 - Selected Financial Data
The information set forth under the caption "Ten Year Financial Highlight
Summary" (only the five years in the period ended June 30, 2000) on page 27
of the 2000 Annual Report to Shareholders is incorporated herein by reference.
Item 7 - Management's Discussion and Analysis of Financial Condition and
Results of Operations
The information set forth under the caption "Management's Discussion of
Financial Condition and Results of Operations" on pages 28 through 32 of the
2000 Annual Report to Shareholders is incorporated herein by reference.
Item 7A - Quantitative and Qualitative Disclosures About Market Risk
The information set forth under the caption "Quantitative and Qualitative
Disclosures About Market Risk" on page 31 of the 2000 Annual Report to
Shareholders is incorporated herein by reference.
Item 8 - Financial Statements and Supplementary Data
The following consolidated financial statements of the Company set forth on
pages 34 through 46 of the 2000 Annual Report to Shareholders and the
independent auditors' report set forth on page 33 of the 2000 Annual Report
to Shareholders are incorporated herein by reference:
Independent Auditors' Report
Consolidated Balance Sheets - June 30, 2000 and 1999
Consolidated Statements of Income for the years ended June 30, 2000, 1999
and 1998
Consolidated Statements of Shareholders' Equity for the years ended
June 30, 2000, 1999 and 1998
Consolidated Statements of Cash Flows for the years ended June 30, 2000,
1999 and 1998
Notes to Consolidated Financial Statements
The supplementary data regarding quarterly results of operations, set forth
under the caption "Fiscal 2000, 1999, and 1998 by Quarter (Unaudited)" on page
47 of the 2000 Annual Report to Shareholders, is incorporated herein by
reference.
The statement of changes in shares outstanding appears on Page 17 of this Form
10-K.
Item 9 - Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
None.
10
PART III
Item 10 - Directors and Executive Officers of the Registrant
The information under the caption "Election of Directors" in the Company's
Proxy Statement for the annual meeting of Stockholders to be held on
October 20, 2000 (the "Company's 2000 Proxy Statement") is incorporated
herein by reference. The information called for by Item 401 of Regulation S-K
relating to the Executive Officers is furnished below.
Executive Officers of the Registrant
The following information relates to the executive officers of the Registrant
who serve at the discretion of the Board of Directors and are customarily
elected for one-year terms at the Regular Meeting of the Board of Directors
held immediately following the Annual Stockholders' Meeting. All of the
executive officers named hold positions as officers and/or directors of one or
more subsidiaries of the Registrant. For purposes of this disclosure, only the
principal positions are set forth.
Year
Employed
Positions Held with Registrant by
Name During the Last Five Years (a) Age Registrant
Frederick A. Krehbiel(b) Co-Chairman and Co-Chief 59 1965(c)
Executive Officer (1999-);
Chairman (1993-1999) and Chief
Executive Officer (1988-1999).
John H. Krehbiel, Jr.(b) Co-Chairman and Co-Chief 63 1959(c)
Executive Officer (1999-);
President (1975-1999) and Chief
Operating Officer (1996-1999).
J. Joseph King President and Chief Operating 56 1975
Officer (1999-); Executive
Vice President (1996-1999); Group
Vice President-International
Operations (1988-1996).
Martin P. Slark Executive Vice President (1999-); 45 1976
Corporate Vice President
(1990-1999) and Regional President,
Americas (1996-1999);
Regional President, U.S. (1994-1996).
Robert B. Mahoney Corporate Vice President, 47 1995
Treasurer and Chief Financial
Officer (1996-).
11
Year
Employed
Positions Held with Registrant by
Name During the Last Five Years (a) Age Registrant
Ronald L. Schubel Corporate Vice President (1982-) 57 1981
and Regional President, Americas
(1998-); Regional President,
Far East South (1994-1998).
Werner W. Fichtner Corporate Vice President 57 1981
(1987-) and Regional President,
Europe (1981-).
Goro Tokuyama Corporate Vice President 66 1985
(1990-), Regional President,
Far East North (1988-), and
President of Molex Japan Co.,
Ltd. (1985-).
James E. Fleischhacker Corporate Vice President 56 1984
(1994-) and Regional President,
Far East South (1998-); President,
DataCom Division-Americas
(1989-1998).
Kathi M. Regas Corporate Vice President (1994-); 44 1985
Louis A. Hecht Corporate Secretary (1977-) and 56 1974
General Counsel (1975-).
__________________________________________________________________________
(a) All positions are with Registrant unless otherwise stated.
(b) John H. Krehbiel, Jr. and Frederick A. Krehbiel (the "Krehbiel Family")
are brothers. The members of the Krehbiel Family may be considered to be
"control persons" of the Registrant. The other officers listed above have no
relationship, family or otherwise, to the Krehbiel Family, Registrant or each
other.
(c) Includes period employed by Registrant's predecessor.
12
Item 11 - Executive Compensation
The information under the caption "Executive Compensation" in the Company's
2000 Proxy Statement is incorporated herein by reference.
Item 12 - Security Ownership of Certain Beneficial Owners and
Management
The information under the caption "Security Ownership of Management and of
Certain Beneficial Owners" in the Company's 2000 Proxy Statement is
incorporated herein by reference.
Item 13 - Certain Relationships and Related Transactions
The information under the captions "Election of Directors," "Indebtedness of
Management" and "Security Ownership of Management and of Certain Beneficial
Owners" in the Company's 2000 Proxy Statement is herein incorporated by
reference.
13
PART IV
Item 14 - Exhibits, Financial Statement Schedules, and Reports on
Form 8-K
(a) 1. Financial Statements
The following consolidated financial statements contained in the Company's
2000 Annual Report to Shareholders have been incorporated by reference in
Item 8.
Page(s) in
Annual Report
Item to Shareholders
Independent Auditors' Report 33
Consolidated Balance Sheets - June 30, 2000
and 1999 34-35
Consolidated Statements of Income - for
the years ended June 30, 2000, 1999 and 1998 36
Consolidated Statements of Shareholders' Equity -
for the years ended June 30, 2000, 1999 and 1998 37
Consolidated Statements of Cash Flows - for the
years ended June 30, 2000, 1999 and 1998 38
Notes to Consolidated Financial Statements 39-46
Fiscal 2000, 1999 and 1998 by Quarter (Unaudited) 47
(a) 2. Financial Statement Schedule
Page in the
Form 10-K
Independent Auditors' Report 16
Statement of Changes in Shares Outstanding
for the years ended June 30, 2000, 1999 and 1998 17
Schedule II - Valuation and Qualifying Accounts 18
14
All other schedules are omitted because they are inapplicable, not required
under the instructions, or the information is included in the consolidated
financial statements or notes thereto.
Separate financial statements for the Company's unconsolidated affiliated
companies, accounted for by the equity method, have been omitted because they
do not constitute significant subsidiaries.
(a) 3. Exhibits
The exhibits listed on the accompanying Index to Exhibits are filed or
incorporated herein as part of this Report.
(b) Reports on Form 8-K
Molex filed no reports on Form 8-K with the Securities and Exchange
Commission during the last quarter of the fiscal year ended June 30, 2000.
15
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and
Shareholders of Molex Incorporated
Lisle, Illinois
We have audited the consolidated financial statements of Molex Incorporated
and its subsidiaries as of June 30, 2000 and 1999, and for each of the three
years in the period ended June 30, 2000, and have issued our report thereon
dated July 24, 2000; such financial statements and report are included in your
2000 Annual Report to Shareholders and are incorporated herein by reference.
Our audits also included the statements of changes in shares outstanding and
the financial statement schedule of Molex Incorporated and its subsidiaries,
listed in Item 14(a)2. These statements of changes in shares outstanding and
financial statement schedule are the responsibility of the Company's
management. Our responsibility is to express an opinion based on our audits.
In our opinion, such statements of changes in shares outstanding and financial
statement schedule, when considered in relation to the basic financial
statements taken as a whole, present fairly in all material respects the
information set forth therein.
/S/ DELOITTE & TOUCHE LLP
Chicago, Illinois
July 24, 2000
16
<TABLE>
<CAPTION>
Molex Incorporated
Statements of Changes in Shares Outstanding
For the Years Ended June 30, 2000, 1999, and 1998
Class A Class B
Common Common Common Treasury
Stock Stock Stock Stock
___________ ___________ __________ ___________
<S> <C> <C> <C> <C>
Shares outstanding at
June 30, 1997 66,053,711 65,658,150 94,255 6,327,425
Exercise of stock options 588,395 24,744
Purchase of treasury stock 1,540,000
Purchase of business 26,131 (59,814)
Stock splits effected in the form
of dividends 16,593,237 16,414,537 1,699,612
___________ ___________ __________ ___________
Shares outstanding at
June 30, 1998 83,261,474 82,072,687 94,255 9,531,967
Exercise of stock options 584,849 76,402
Purchase of treasury stock 1,707,323
Disposition of treasury stock (76,424)
Purchase of business 2,261,320
Issuance of stock bonus 41,118
Other (15,795)
___________ ___________ __________ ___________
Shares outstanding at
June 30, 1999 86,132,966 82,072,687 94,255 11,239,268
Exercise of stock options 428,485 40,021 15,229
Purchase of treasury stock 1,365,000
Disposition of treasury stock (69,451)
Issuance of stock bonus 24,293
Stock splits effected in the form
of dividends 21,674,112 20,519,940 2,967,221
Other 103,040 (3,610) (85,752)
___________ ___________ __________ ___________
Shares outstanding at
June 30, 2000 108,362,896 102,629,038 94,255 15,431,515
=========== =========== ========== ===========
</TABLE>
17
<TABLE>
<CAPTION>
Molex Incorporated
Schedule II - Valuation and Qualifying Accounts
For the Years Ended June 30, 2000, 1999, and 1998
Allowance for Losses Balance at Balance
and Adjustments on Beginning Charged to Accounts Translation at End
Receivables: of Period Income Written Off Adjustments of Period
_________________ _________ _________ _________ __________ ________
<S> <C> <C> <C> <C> <C>
2000 $19,215 $5,197 ($1,142) $442 $23,712
1999 $17,114 $2,595 ($684) $190 $19,215
1998 $14,586 $3,707 ($644) ($535) $17,114
</TABLE>
18
MOLEX INCORPORATED EXHIBIT INDEX
Exhibit
Number Exhibit
3 3.1 Certificate of Incorporation
(as amended and restated)
3.2 By-laws (as amended and restated)
4 Instruments defining rights of
security holders including
indentures. See Exhibit 3.1
10 Material Contracts
10.1 The Molex Deferred Compensation
Plan (incorporated by reference
to 1984 Form 10-K, Exhibit 10.6)
10.2 The 1990 Molex Incorporated
Executive Stock Bonus Plan
(as amended)(incorporated by reference
to 1998 Form 10-K, Exhibit 10.2)
10.3 The 1990 Molex Incorporated
Stock Option Plan (as amended)
(incorporated by reference
to 1998 Form 10-K, Exhibit 10.3)
10.4 The 1991 Molex Incorporated Incentive
Stock Option Plan (as amended) (incorporated
by reference to 1999 Form 10-K, Exhibit 10.4)
10.5 The 1998 Molex Incorporated
Stock Option Plan (incorporated by reference
to 1999 Form 10-K, Exhibit 10.5)
13 Molex Incorporated Annual report to
Shareholders for the year ended
June 30, 1999. (Such report, except
to the extent incorporated herein by
reference, is being furnished for the
information of the Securities and
Exchange Commission only and is not
to be deemed filed as a part of this
annual report on Form 10-K)
19
Exhibit
Number Exhibit
22 Subsidiaries of registrant
24 Independent Auditors' Consent
27 Financial Data Schedule
(All other exhibits are either inapplicable or not required)
20
S I G N A T U R E S
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act of 1934, the Company has duly caused this Annual Report to be signed on its
behalf by the undersigned, there unto duly authorized.
MOLEX INCORPORATED
---------------------------------
(Company)
September 22, 2000 /S/ ROBERT B. MAHONEY
By: Robert B. Mahoney
Corporate Vice President, Treasurer
and Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
September 22, 2000 /S/ F. A. KREHBIEL
F. A. Krehbiel
Co-Chairman of the Board and
Co-Chief Executive Officer
September 22, 2000 /S/ J. H. KREHBIEL, JR.
J. H. Krehbiel, Jr.
Co-Chairman of the Board and
Co-Chief Executive Officer
September 22, 2000 /S/ J. JOSEPH KING
J. Joseph King
President and Chief Operating Officer
Director
September 22, 2000 /S/ MARTIN P. SLARK
Martin P. Slark
Executive Vice President
Director
September 22, 2000 /S/ ROBERT B. MAHONEY
Robert B. Mahoney
Corporate Vice President, Treasurer
and Chief Financial Officer
September 22, 2000 /S/ F. L. KREHBIEL
F. L. Krehbiel
Director
September 22, 2000 /S/ MICHAEL J. BIRCK
Michael J. Birck
Director
September 22, 2000 /S/ DOUGLAS K. CARNAHAN
Douglas K. Carnahan
Director
September 22, 2000 /S/ EDGAR D. JANNOTTA
Edgar D. Jannotta
Director
September 22, 2000 /S/ DONALD G. LUBIN
Donald G. Lubin
Director
September 22, 2000 /S/ MASAHISA NAITOH
Masahisa Naitoh
Director
September 22, 2000 /S/ DR. ROBERT J. POTTER
Dr. Robert J. Potter
Director
