SPX Officer Terminates 10b5-1 Plan
CHARLOTTE, NC - September 19, 2008 - SPX Corporation (NYSE: SPW) today announced that Patrick J. O'Leary, Executive Vice President, Treasurer, and CFO, has terminated his previously announced 10b5-1 plan covering the exercise of options to purchase, and sale of underlying, 1,028,546 shares of SPX stock. Approximately 250,000 options covered by the plan were not exercised. These options expire in June, 2009.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 35 countries. Visit www.spx.com. (NYSE: SPW)
Contact:
Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Jennifer H. Epstein (Media)
704-752-7403
E-mail: jennifer.epstein@spx.com