March 18, 2014
/PRNewswire/ -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE: NTE) today announced the date of release of its first quarter results and payment of its quarterly dividend and change of CEO.
First Quarter Results
The release of Nam Tai's first quarter financial results for the period ended
March 31, 2014
will be on
Monday, April 28, 2014
6:00 a.m. (EDT)
Nam Tai announced
the record date for the Company's second quarter cash dividend of
per common share will be on
March 31, 2014
and the dividend payment date will be on
April 17, 2014
Change of Personnel
Nam Tai also announced that Mr.
Wang Lu Ping
("Mr. Wang") has resigned as the Chief Executive Officer (CEO) of the Company effective on
March 1, 2014
due to personal reasons together with the transformation of core business. The Company confirms that Mr. Wang's departure was voluntary and amicable, and there was no dispute between Mr. Wang and the Company. Upon the resignation of Mr. Wang as the CEO, Mr.
Liu Pi Hao
("Mr. Liu") was appointed as the CEO (Acting) of the Company effective on the same date.
Mr. Liu has been with Nam Tai for over 14 years and prior to his appointment as the CEO (Acting), most recently served as the Vice Chief Executive Officer of the Company's Shenzhen Manufacturing Facilities.
The management of the Company considers that such change of personnel has no impact on the Company and believes that Mr. Liu is capable of acting the role of CEO (Acting) effectively.