Remy International, Inc.A, a leading worldwide manufacturer, remanufacturer, and distributor of starters and alternators for light vehicle and commercial vehicle applications, locomotive products and hybrid electric motors, today announced that its common shares will be listed on The NASDAQ Stock Market LLC (NASDAQ) under the ticker symbol “REMY” beginning Thursday, December 13, 2012. Remy’s shares were previously listed on the OTC under the ticker “RMYI”.
President and CEO John Weber, along with the company’s executive team, will celebrate the company’s trading on NASDAQ by ringing the ceremonial opening bell on Monday morning, December 17th.
“This is an exciting milestone for all of us at Remy,” said Weber, “and a significant event for our customers, investors, and partners. Becoming a publicly-traded company will accelerate growing the business.”
Remy also successfully completed its Employee Stock Purchase Plan (ESPP) offering.
“I would like to thank our investors for their confidence in us,” continued Weber. “I would especially like to thank our employees around the world. Even in this challenging global economic environment, we continue to grow our share in the marketplace and deliver strong operating performance. This is a real testimony to our employees’ passion, dedication and excellence.”