This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nam Tai Electronics, Inc. Announces Date Of Report Of First Quarter 2014 Results And Payment Of Quarterly Dividend And Change Of CEO

SHENZHEN, China, 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 at 6:00 a.m. (EDT).

Dividend Reminder

Nam Tai announced the record date for the Company's second quarter cash dividend of $0.02 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs