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| MERX > SEC Filings for MERX > Form 8-K on 14-Jan-2010 | All Recent SEC Filings |
14-Jan-2010
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans, Financial S
On January 8, 2010, Merix Corporation ("Merix") received notice from the trustee/administrator of the Merix Corporation 401(k) Profit Sharing Plan (the "Plan") that certain restrictions would be imposed on transactions by Plan participants involving the Plan. Plan participants will be prevented from moving money in or out of the Merix Stock Fund, changing funds within the Merix Stock Fund in which a participant invests money, and changing how much of each paycheck is invested in the Merix Stock Fund. In addition, the following general restrictions will be imposed: Plan participants will be restricted from changing the address on their account, requesting a loan, making unscheduled loan repayments, and requesting withdrawals or distributions. The Plan restriction period is being implemented to provide for the conversion of shares of Merix common stock into shares of common stock of Viasystems Group, Inc. ("Viasystems") held by the Merix Stock Fund contingent upon the closing of the acquisition of Merix by Viasystems.
On January 14, 2010, Merix sent a notice to its directors and executive officers informing them that, as a result of such Plan restrictions, a blackout period will be imposed on them if they continue as directors or executive officers of Viasystems after the closing of the acquisition, and if imposed, they will be subject to certain trading restrictions with respect to Viasystems common stock acquired in connection with their service as a director or an executive officer of Merix or Viasystems, subject to certain limited exceptions. The blackout period is expected to begin on or about February 9, 2010 and end during the week of February 14, 2010.
During the blackout period applicable to affected directors and executive officers, such directors or other interested parties may obtain, without charge, the actual beginning and ending dates of the blackout period by calling a Vanguard Participant Services associate Monday through Friday from 5:30 a.m. to 6 p.m., Pacific time, at (800)523-1188. For a period of two years after the ending date of the blackout period, a Merix security holder or other interested party may obtain, without charge, the actual beginning and ending date of the blackout period and may direct other inquiries about the blackout period to Bailey Hurley, Viasystems Group, Inc. at (314) 719-1838. Prior to the closing of the acquisition of Merix, inquiries about the blackout period may be directed to Kelly Lang, Merix Corporation at (503) 716-3650.
A copy of the blackout notice to directors and executive officers of Merix, which includes the information required by Rule 104(b) of Regulation BTR, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
Exhibit No. Description
99.1 Blackout Notice to Directors and Executive
Officers of Merix Corporation dated January
14, 2010.
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