LaBarge, Inc.'s CEO adopts 10b5-1 Plan
May 03, 2006
LaBarge, Inc. (AMEX: LB) announced today that Craig LaBarge, the Company's chief executive officer and president, has adopted a prearranged stock trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 permits officers and directors of public companies to adopt predetermined plans for selling specified amounts of stock.
"I believe LaBarge is well positioned in the EMS industry and am excited about our prospects for 2007 and beyond. I am adopting the 10b5-1 plan simply as a way of achieving prudent diversification of my investments. The amount of shares covered under the trading plan represents less than 10 percent of my equity position in the Company," said Mr. LaBarge. Under his Rule 10b5-1 plan, Mr. LaBarge may sell up to 150,000 shares of the Company's common stock over a period of six months.