February 20, 2018

THE PERILS OF TAX REFORM: Plexus Announces Revised Capital Allocation Plan and Employee Bonus.

• Plexus’ Board of Directors has approved a new share repurchase authorization, commencing upon completion of the 2016 Share Repurchase Plan, in the amount of $200 million. Shares would be purchased through the open market, on a relatively consistent basis, with the intent to complete the repurchases in fiscal 2019.

• In order to reward employees for their contributions towards Plexus’ success, Plexus will provide existing, full-time, non-executive employees a one-time cash bonus. This bonus will be provided in the fiscal second quarter to nearly 16,000 employees, totaling approximately $13 million.

Let me have just a little bit of peril.

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.