Business Services Industry
Del Global Technologies Corp.'s Chairman, CEO and President, Leonard A. Trugman, Exercises 75,000 Options
Business Wire, Feb 16, 1999
VALHALLA, N.Y.--(BUSINESS WIRE)--Feb. 16, 1999--Del Global Technologies Corp. (NASDAQ:DGTC), announced that its Chairman, CEO and President, Leonard A. Trugman, exercised 75,000 options during the month of January.
The options were granted September 1985. Trugman disposed of 37,160 shares during the month of January in order to pay income taxes associated with the exercise of the options.
Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of state-of-the-art, cost-effective medical imaging and diagnostic systems consisting of stationary and portable imaging systems, radiographic/fluoroscopic systems, mammography systems, Neo-Natal systems and proprietary precision power conversion subsystems for medical as well as critical industrial applications. These include airport explosives detection, electronic noise suppression subsystems, semiconductor capital equipment and energy exploration.
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities & Exchange Commission.
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