II-VI Incorporated will be holding its annual shareholders meeting on Friday, November 5, 2004, at Treesdale Golf & Country Club in Gibsonia, Pennsylvania. The meeting will commence at 1:30 p.m.

Although such meetings are required to be held by public companies, II-VI sees this local gathering as an opportunity to meet with many of its local shareholders.

Issues to be considered at this year’s meeting include the election of two directors for terms to expire in 2007. Peter W. Sognefest and Francis J. Kramer have been nominated for these positions.

Sognefest has served as a director of II-VI since 1979. Currently, he is president, chief executive officer, and chairman of South East Asia Manufacturing Operations Consultancy (SEAMOC). He holds bachelor and master degrees in Electrical Engineering from the University of Illinois.

Kramer has served as a director of the company since 1989. Employed by II-VI since 1983, he has been president and chief operating officer since 1985. He is a graduate of the University of Pittsburgh with a bachelor of science in Industrial Engineering and Purdue University with a master of science in Industrial Administration.

Also under consideration is an amendment to the company’s Articles of Incorporation to increase the number of shares of common stock authorized to be issued from 30 to 100 million shares. The purpose of this amendment is to allow the company to have a sufficient number of shares available for issuance, should the need arise. This provides the company with greater flexibility and allows issuance of these shares without the need for a special shareholders’ meeting. Corporate purposes for such an issuance could include equity financings, acquisitions, equity compensation plans, shares distribution, and stock splits. No such actions are planned at this time, however.

A third and final action proposed for the meeting is the ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for Fiscal Year 2005.

A shareholders’ reception will be held prior to the meeting at 12:45 p.m. There will also be a presentation during the shareholders meeting by VLOC business unit General Manager Steve Sacone. VLOC is a world leader in the growth, manufacture and supply of a wide range of crystals and optical components used in laser and telecommunication systems.

The meeting will be opened up for questions from the audience. Last year, 175 individuals were in attendance. II-VI employees are also welcome to attend.

To get directions to the meeting, click here for MapQuest