|MAY 12, 2005|
|Knight Shareholders Vote to Change Company Name, Elect Directors to Board|
New Name Knight Capital Group, Inc. to Better Reflect the Company's Broader Business Operations Beyond Equities Trading
James T. Milde, Senior General Manager and Chief Information Officer for Sony Electronics, joins Knight Board
JERSEY CITY, N.J., May 12 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced that shareholders voted to approve the following three proposals: change the company's name to Knight Capital Group, Inc.; elect eight members to the Board of Directors to serve until the company's next annual meeting; and ratify the selection of PricewaterhouseCoopers LLP as the company's independent auditor for 2005. Voting was completed and results were announced at the company's 2005 Annual Meeting of Stockholders held yesterday, May 11, 2005.
In addition to re-electing the seven directors who served on the board in 2004, shareholders voted to elect an additional director, James T. Milde. Mr. Milde, 44, is the Senior General Manager and Chief Information Officer for Sony Electronics Inc., where he oversees all facets of the company's information technology, supply chain and software-related ventures across the United States.
"Jim adds an expertise in information technology and IT-related strategy, management and service to the Knight board," said Thomas M. Joyce, Chairman and Chief Executive Officer of Knight Capital Group. "As technology plays an increasingly important role in securities trading, Jim's knowledge and experience will be of great value to Knight. We welcome him to the Board of Directors and look forward to his contributions to our company."
James T. Milde, 44, has more than 20 years of broad industry experience. Since 2002, he has been the Senior General Manager, Chief Information Officer for Sony Electronics Inc. where he is responsible for all facets of information technology, supply chain and software-related ventures across the United States. Previously, Mr. Milde served as the Senior Vice President, Chief Information Officer for The Pepsi Bottling Group from 1999 to February 2002. Mr. Milde was the Senior Vice President, Operations and Administration for Random House, Inc. from 1994 until spring 1999. He received a B.A. in Economics and Finance from St. Lawrence University in 1982 and an M.B.A. from Clarkson University in 1984. He currently serves on the Clarkson University Board of Trustees.
Knight is a leading provider of comprehensive trade execution and asset management services. Our Equity Markets business offers institutions and broker-dealers high quality trade execution and capital commitment across the depth and breadth of the equity market. Our Asset Management business, Deephaven Capital Management, is a market-neutral investment manager focused on delivering risk-adjusted returns with low volatility for institutions and high net worth individuals. Knight strives to be a valued partner by providing superior service and continually enhancing its offering to meet client needs. More information about Knight can be obtained at http://www.knight.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission including, without limitation, the risks and uncertainties detailed under the headings "Certain Factors Affecting Results of Operations" and "Risks Affecting our Business" in the Company's Annual Report on Form 10-K.
SOURCE Knight Capital Group, Inc. -0- 05/12/2005 /CONTACT: Knight Capital Group, Inc.: Margaret Wyrwas, Senior Managing Director, Corporate Communications & Investor Relations, +1-201-557-6954, email@example.com, Kara Fitzsimmons, Vice President, Corporate Communications, +1-201-356-1523, firstname.lastname@example.org, Greta Morley, Vice President, Marketing Communications & Public Relations, +1-201-557-6948, email@example.com, or Molly McDowell, Analyst, Corporate Communications & Investor Relations, +1-201-356-1723, firstname.lastname@example.org / /Web site: http://www.knighttradinggroup.com / (NITE)