2005 - Molex

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with independent advisors, including Charles Bowsher, a former Comptroller General of the United States. Additionally, we recently hired a new Corporate Con- troller, who will serve as our principal accounting officer and spearhead external reporting matters, including SEC filings, and ensure compliance with all accounting regulations. Much was accomplished in fiscal 2005, and we remain dedicated to continually review and assess our actions in response to evolving regulations and best practices. Introducing the Next Generation of Leadership. On the first day of our new fiscal year, Martin Slark assumed the role of Vice Chairman and Chief Executive Officer. Martin has had a stellar career since joining Molex in 1976, serving in administrative, operational and executive positions in the U.S. and overseas. Liam McCarthy replaced Martin as our President and Chief Operating Officer. Liam has held many functional and executive positions in all four of our geographic regions during his outstanding 29- year career at Molex, most recently as Regional Vice President of our European operations. In May 2005, we welcomed back David Johnson as Vice President, Treasurer and Chief Financial Officer. His experience includes 12 years with Molex in financial and accounting management positions, as well as nine years Martin P. Slark V I C E C H A I R M A N A N D C H I E F E X E C U T I V E O F F I C E R Molex 2005 Annual Report T O O U R S H A R E H O L D E R S Fred A. Krehbiel C O - C H A I R M A N O F T H E B O A R D 1 2 as Chief Financial Officer and Treasurer of another publicly traded company. Molex has had strong leadership throughout its history. We are confident that Martin, Liam and Dave will continue this tradition. Regionally, Werner Fichtner, President of our European operations for 23 years, retired at the end of fiscal 2005. We thank Werner for his many contri- butions to Molex. Succeeding him is Graham Brock, a 28-year Molex veteran, who most recently served as Europe’s Vice President of Sales and Marketing. We also announced the timing of the retirement of Ron Schubel, who for the past seven years has been President of the Americas, capping his 23-year career at Molex. Ron will begin transferring his duties to Dave Root in October and retire a year later. Dave, who also began at Molex 23 years ago, is Vice President of Sales and Marketing in the Americas. S T R A T E G I E S F O R O U R F U T U R E We view fiscal 2006 as a transition year. We will maintain the financial and market momentum gained in 2005 and follow through on the positive changes underway. The new management team already has begun implementing fresh ideas and innovative approaches that will take Molex to the next level of success. The Leadership Roundtable that begins on the next page offers additional insight into their vision, goals and strategies. John H. Krehbiel, Jr. C O - C H A I R M A N O F T H E B O A R D
L E A D E R S H I P R O U N D T A B L E with m a r t i n s l a r k , l i a m m c c a r t h y and d a v i d j o h n s o n
Page 3 and 4: Molex 2005 Annual Report T O O U R
Page 5 and 6: Sales by Industry 27% Telecommunica
Page 7 and 8: these reasons, over the past few ye
Page 9 and 10: 29 Development Groups Design Center
Page 11 and 12: that keep pace with the ongoing mig
Page 13: Sales by Region Americas 27.5% Far
Page 17 and 18: Molex Molex 2005 2005 Annual Annual
Page 19 and 20: Molex 2005 Annual Report L E A D E
Page 27: Fred A. Krehbiel (4)* is Co-Chairma
Page 30 and 31: Molex 2005 Annual Report T R A N S
Page 42 and 43: TABLE OF CONTENTS Page Part I Item
Page 44 and 45: Markets and Products below: The app
Page 46 and 47: The Company believes that its succe
Page 48 and 49: the technology industry to help dri
Page 50 and 51: Many of Molex’s worldwide manufac
Page 52 and 53: Item 2. Properties Molex owns and l
Page 54 and 55: The following table contains inform
Page 56 and 57: Item 7. Management’s Discussion a
Page 58 and 59: The Company anticipates that its gr
Page 60 and 61: Pension Plans The costs and obligat
Page 62 and 63: Results of Operations Year Ended Ju
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opportunities with its Molex counte
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Goodwill and Other Asset Impairment
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Far East South Region - Singapore,
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Financing Activities Cash was used
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existing and future competitors, wh
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offsets, as compared with offsets t
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Molex Incorporated Consolidated Bal
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Molex Incorporated Consolidated Sta
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1. Organization and Basis of Presen
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Revenue Recognition Revenue is real
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fiscal 2005 or 2006. The Company di
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Year ended June 30, 2005 The aggreg
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Year ended June 30, 2003 As a resul
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sold into the structured cabling ma
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The components of net deferred tax
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Benefit Obligations and Plan Assets
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The following provides a reconcilia
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certain events. Upon such conversio
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The option price per share for cert
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Corporate and Other assets include
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REPORT OF INDEPENDENT REGISTERED PU
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Item 9. Changes in and Disagreement
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absolute assurance that misstatemen
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Molex Incorporated Schedule II - Va
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10.14 Molex Cash Merit Bonus Plan (
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74 Exhibit 31.1 CERTIFICATION PURSU
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CERTIFICATION PURSUANT TO 18 U.S.C.
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2005 - Molex

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