SCHAUMBURG, Ill., Dec. 1, 2010 /PRNewswire-FirstCall/ — On Jan. 4, 2011, Motorola, Inc. (NYSE: MOT) will change its name to Motorola Solutions, Inc., will begin trading on the New York Stock Exchange under the ticker symbol “MSI,” and will have the following board members:
- Gregory Q. Brown, director and president & CEO
- David W. Dorman, non-executive chairman
- William J. Bratton, named director
- General Michael V. Hayden, named director
- Vincent J. Intrieri, named director
- Judy C. Lewent, named director
- Samuel C. Scott III, director
- Douglas A. Warner III, director
- John A. White, director
Today we are also announcing that the Motorola Solutions board of directors plans to elect Greg Brown to the additional role of chairman of Motorola Solutions effective in May 2011 and Dave Dorman will transition into the role of lead independent director.
“I want to thank all members of the Motorola board for their service over the years,” Brown said, “and I am pleased about our new board for Motorola Solutions. Additionally, I would like to welcome new members Bill Bratton, General Michael Hayden, Vince Intrieri and Judy Lewent. I look forward to working with them in building and growing our new company.”
Precautionary Statements Regarding Forward-Looking Information
This press release contains “forward-looking statements” within the meaning of applicable federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes”, “expects”, “intends”, “anticipates”, “estimates” and similar expressions. We can give no assurance that any future results or events discussed in these statements will be achieved. Any forward looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements about the separation of the Company into two independent, publicly-traded companies. Many of these risks and uncertainties are based on factors that cannot be controlled by Motorola and include, but are not limited to (1) market conditions in general and those applicable to the distribution and reverse stock split; (2) factors affecting the expected timeline for completing our separation into two public companies; (3) the effect our separation and the reverse stock split may have on Motorola’s stock price; (4) the risk that the anticipated benefits from the distribution and reverse stock split may not be fully realized or may take longer to realize than expected; (5) tax and regulatory matters; (6) changes in economic, competitive, strategic, technological, regulatory or other factors that effect the operation of Motorola’s businesses. A detailed description of other risks and uncertainties affecting Motorola, is contained in Item 1A of Motorola’s 2009 Annual Report on Form 10-K, in Item 1A of Motorola Mobility’s Form 10, in Item 1A of Motorola’s Quarterly Reports on Form 10-Q, and in its other filings with the Securities and Exchange Commission (SEC). These filings are available for free on the SEC’s website at www.sec.gov and on Motorola’s website at www.motorola.com. Motorola undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
About Motorola Solutions
Motorola Solutions is a leading provider of business- and mission-critical communication products and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions will begin trading on the New York Stock Exchange under the ticker “MSI” on Jan. 4, 2011. For ongoing news, please visit our media center or subscribe to our news feed.
Media Contacts:
Nick Sweers
Office: +1 847-576-2462
nicholas.sweers@motorolasolutions.com
Motorola, Inc.
Dean Lindroth
+1 847-576-6899
dean.lindroth@motorola.com
Motorola, Inc., Investor Relations
