Printer Friendly

TEKTRONIX' 401(K) PLAN

 TEKTRONIX' 401(K) PLAN
 WILSONVILLE, Ore., Oct. 12 /PRNewswire/ -- Tektronix Inc.


(NYSE: TEK) announced today that under the company's 401(K) Plan for employees it will, from time to time, be purchasing the company's common shares in the open market for use under the plan.
 The 401(K) Plan was amended as of June 1 to include company contributions of common shares of up to 3 percent of base pay to match employee contributions, as well as common share contributions of 2 percent of base pay to the retirement fund.
 Although specific numbers will vary depending on employee contributions and the market price for the company's shares, the company anticipates that purchases could be up to 24,000 shares every two weeks at current market rates. These shares will be allocated to employee accounts under the plan.
 Purchases will be made for the plan by the plan trustee.
 "We are very pleased that under our new compensation program all employees are now shareholders of the corporation," said Tim Thorsteinson, vice president of Human Resources.
 Tektronix Inc. is a leading supplier of electronic products and systems. Revenues for fiscal year 1992 totaled $1.3 billion.
 -0- 10/12/92
 /CONTACT: Editorial: Jim Bloom of Tektronix, 503-685-4024; or Investor Relations: Joele Frank, 212-880-5265, or Andrea Priest, 212-880-5272, both of Ogilvy, Adams & Rinehart, for Tektronix/
 (TEK) CO: Tektronix Inc. ST: Oregon IN: CPR SU:


SC-LM -- SE008 -- 8976 10/12/92 16:56 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 12, 1992
Words:240
Previous Article:McDONNELL DOUGLAS TO PARTICIPATE IN CARGO FORUM
Next Article:ITRI SCIENTISTS COMPLETE BOEING QUALITY PROGRAM
Topics:


Related Articles
MILLIONS ENJOY OLYMPIC GAMES THANKS TO TEKTRONIX
COLEMAN TO BE NAMED TEKTRONIX VICE PRESIDENT; APPLE COMPUTER EXECUTIVE TO FILL NEW POST AS VP FOR MATERIALS OPERATIONS
TEKTRONIX EMPLOYEES SHARE NEARLY $4 MILLION; STRONG SECOND-QUARTER FINANCIAL RESULTS MEAN ADDITIONAL MONEY FOR EMPLOYEES
TEKTRONIX ACQUIRES ANALYTEK LTD.
TEKTRONIX NAMES CHIEF INFORMATION OFFICER
TEKTRONIX PROMOTES SLADE TO CORPORATE CONTROLLER
TEKTRONIX ANNOUNCES RESULTS OF ANNUAL SHAREHOLDERS MEETING
Tektronix Acquires Necsy Network Monitoring and Mobile Test Business.
Tektronix Signs Teaming Agreement With Compaq to Provide Network Monitoring, Fraud Management Solutions.
Tektronix Announces Preliminary Results of Dutch Auction Self-Tender Offer.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters