SCHEDULE 14A INFORMATION
Proxy Statement Pursuant To Section 14(a) Of
The Securities Exchange Act Of 1934
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SPX Corporation
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SPX Corporation issued the following press release on December 22, 2004.
[GRAPHIC OMITTED: SPX LOGO]
Contact: Jeremy W. Smeltser (Investors)
704-752-4478
E-mail: investor@spx.com
Tina Betlejewski (Media)
704-752-4454
E-mail: spx@spx.com
SPX APPOINTS CHRISTOPHER J. KEARNEY TO BOARD OF DIRECTORS
COMMENCES SEARCH FOR TWO ADDITIONAL INDEPENDENT
DIRECTORS
CHARLOTTE, NC - December 22, 2004 - SPX Corporation (NYSE: SPW) today
announced that Christopher J. Kearney, President and Chief Executive
Officer, has been appointed to the company's Board of Directors.
The Board announced that it will retain an outside firm to conduct a
search for two additional independent directors. The search will commence
immediately. With the appointment of Mr. Kearney, SPX's six-member Board
includes five independent directors.
SPX Chairman, Charles E. Johnson II said, "We are pleased to welcome
Chris to the Board and look forward to his continued contributions to the
company. Consistent with our efforts to further enhance SPX's corporate
governance and to be responsive to the wishes of our shareholders, the
Board is embarking on a search for two new independent directors."
On December 9, 2004, SPX's Board separated the position of chairman
and chief executive officer, appointing Messrs. Johnson and Kearney to
those roles, respectively.
SPX Corporation is a global provider of technical products and
systems, industrial products and services, flow technology, cooling
technologies and services, and service solutions. The Internet address for
SPX Corporation's home page is www.spx.com.
Certain statements in this press release are forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended, and are subject to the safe harbor created thereby.
Please refer to our public filings for a discussion of certain important
factors that relate to forward-looking statements contained in this press
release. The words "believe," "expect," "anticipate," "estimate,"
"guidance," "target" and similar expressions identify forward-looking
statements. Although the company believes that the expectations reflected
in its forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to be correct.
SPX Corporation shareholders are strongly advised to read the proxy
statement relating to SPX Corporation's 2005 annual meeting of shareholders
when it becomes available, as it will contain important information.
Shareholders will be able to obtain this proxy statement, any amendments or
supplements to the proxy statement and any other documents filed by SPX
Corporation with the Securities and Exchange Commission for free at the
Internet website maintained by the Securities and Exchange Commission at
www.sec.gov. In addition, SPX Corporation will mail the proxy statement to
each shareholder of record on the record date to be established for the
shareholders' meeting. Copies of the proxy statement and any amendments and
supplements to the proxy statement will also be available for free at SPX
Corporation's Internet website at www.spx.com or by writing to Investor
Relations, SPX Corporation, 13515 Ballantyne Corporate Place, Charlotte,
North Carolina 28277, telephone (704) 752-4400.
SPX Corporation, its executive officers and directors may be deemed to
be participants in the solicitation of proxies for SPX Corporation's 2005
annual meeting of shareholders. Information regarding these participants is
contained in a filing under Rule 14a-12 filed by SPX Corporation with the
Securities and Exchange Commission on December 9, 2004.
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