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PROXY CORNER: Franklin Electric Co. Inc.

 IBJ Staff
August 10, 2009
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Proxy Corner

Franklin Electric Co. Inc., 400 E. Spring St., Bluffton, 46714 (www.franklin-electric.com) designs, manufactures and distributes electric motors, motor controls and related equipment.

For the quarter ended July 4, the company reported net income of $5.8 million, or 25 cents per diluted share, on $165.3 million in revenue. That compares with net income of $15.3 million, or 66 cents per diluted share, on $201.7 million in revenue for the the same period a year ago.

The company’s shares trade on the NASDAQ Stock Market under the tick-er symbol FELE. Information for Proxy Corner was taken from Bloomberg News and from the company’s preliminary proxy statement dated March 10, 2009.

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