Sun Hydraulics' Board of Directors Appoints Philippe Lemaitre Chairman and
Announces Second Quarter Dividend
SARASOTA, FL -- (Marketwired) -- 05/30/13 -- The Sun Hydraulics
Corporation (NASDAQ: SNHY) Board of Directors, at its meeting on May
29, 2013, appointed a new Chairman and announced a $0.09 per share
Philippe Lemaitre, a director for the past 6 years, was appointed
Chairman of the Board. Mr. Lemaitre succeeds Dr. Ferdinand G.
Megerlin, who had served as Chairman from 2007 until his retirement
at the conclusion of his term on Tuesday. Mr. Lemaitre serves as a
director and Chairman of the Board of of Multi-Fineline Electronix,
Inc. (MFLX) and is a former Chairman, President and CEO of Woodhead
Industries, Inc. Mr. Lemaitre is a member of Sun Hydraulics' audit
committee and his experience as a Chief Executive and Chairman of
other public companies provides a wealth of experience in key areas
of Sun Hydraulics business and governance.
Sun's Board of Directors also approved a cash dividend of $0.09 per
share, payable on July 15, 2013, to shareholders of record as of June
Sun Hydraulics Corporation is a leading designer and manufacturer of
high performance screw-in hydraulic cartridge valves and manifolds
for worldwide industrial and mobile markets. For more information
about Sun, please visit our website at www.sunhydraulics.com.
Richard K. Arter
Chief Financial Officer
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