MIRA INFORM REPORT

Report Date :

09.10.2012

IDENTIFICATION DETAILS

Name :	CABOT MICROELECTRONICS CORPORATION

Registered Office :	870 N. Commons Drive Aurora, IL 60504

Country :	United States

Financials (as on) :	30.09.2011

Year of Establishment :	1999

Legal Form :	Public Parent

Line of Business :	Manufacture of electronic valves and tubes and other electronic components

No. of Employees :	1,025

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,100. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices increased another 50% between 2006 and 2008. In 2008, soaring oil prices threatened inflation and caused a deterioration in the US merchandise trade deficit, which peaked at $840 billion. In 2009, with the global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic demand declined, but in 2011 the trade deficit ramped back up to $803 billion, as oil prices climbed once more. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP; total government revenues from taxes and other sources are lower, as a percentage of GDP, than that of most other developed countries. The wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the US budget deficit and public debt - through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform bill that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. Long-term problems include inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits - including significant budget shortages for state governments - energy shortages, and stagnation of wages for lower-income families.

Source : CIA

Company name and address

Cabot Microelectronics Corporation

870 N. Commons Drive


Aurora, IL 60504
United States
Tel:	630-375-6631
Fax:	630-499-2666
Toll Free:	(800) 811-2756

www.cabotcmp.com

Employees:

1,025

Company Type:

Public Parent

Corporate Family:

10 Companies

Traded:

NASDAQ:

CCMP

Incorporation Date:

1999

Auditor:

PricewaterhouseCoopers LLP

Financials in:	USD (mil)

Fiscal Year End:	30-Sep-2011
Reporting Currency:	US Dollar
Annual Sales:	445.4 ¹
Net Income:	51.7
Total Assets:	628.2 ²
Market Value:	828.3
	(21-Sep-2012)

Business Description

Cabot Microelectronics Corporation (Cabot Microelectronics Corp) is a supplier of polishing slurries and a chemical mechanical planarization (CMP) pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called CMP. CMP is a polishing process used by IC device manufacturers to planarize or flatten many of the multiple layers of material that are deposited upon silicon wafers in the production of advanced ICs. The Company develops, produces and sells CMP slurries for polishing many of the conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. It also develops, manufactures and sells CMP polishing pads, which are used in conjunction with slurries in the CMP process. For the nine months ended 30 June 2012, Cabot Microelectronics Corporation revenues decreased 6% to $317M. Net income decreased 31% to $29.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Interest Expense increase from $111K to $1.3M (expense), Selling and marketing increase of 1% to $22.2M (expense).

Industry

Industry	Semiconductors
ANZSIC 2006:	2429 - Other Electronic Equipment Manufacturing
NACE 2002:	3210 - Manufacture of electronic valves and tubes and other electronic components
NAICS 2002:	334413 - Semiconductor and Related Device Manufacturing
UK SIC 2003:	3210 - Manufacture of electronic valves and tubes and other electronic components
UK SIC 2007:	2611 - Manufacture of electronic components
US SIC 1987:	3674 - Semiconductors and Related Devices

Key Executives (Emails Available)

Name	Title
William P. Noglows	Chairman of the Board, President, Chief Executive Officer
William S. Johnson	Chief Financial Officer, Vice President
Daniel J. Pike	Vice President - Corporate Development
H. Carol Bernstein	Vice President, General Counsel, Secretary
Yumiko Damashek	Vice President, Japan and Operations in Asia

Significant Developments

Topic	#*	Most Recent Headline	Date
Dividends	1	Cabot Microelectronics Corporation Declares Special Cash Dividend Of $15 Per Share, Or Approximately $345 Million in Total, After Closing On Secured Credit Facility	14-Feb-2012

* number of significant developments within the last 12 months

News

Title	Date
U.S. Patents Awarded to Inventors in Illinois (Sept. 29) Targeted News Service (2058 Words)	29-Sep-2012
Cabot Microelectronics Corp. Files SEC Form 4, Statement of Changes in Beneficial Ownership of Securities (Sept. 14, 2012) Economics Week (242 Words)	26-Sep-2012
WEALTHMAKERS.COM: Issues Research Reports on CCMP, CXW, GLDC, HAST, IVAN PressWIRE (2186 Words)	26-Sep-2012
CABOT MICROELECTRONICS REPORTS MULTIPLE TRANSACTIONS BY VP CORPORATE DEVELOPMENT PIKE (Illinois) U.S. Fed News (114 Words)	17-Sep-2012
Cabot Microelectronics Corporation Receives "Best Supplier Award" From Semiconductor Manufacturing International Corporation (SMIC) (Beijing, Shanghai and Tianjin Regions) GlobeNewswire (459 Words)	5-Sep-2012

Financial Summary

As of 30-Jun-2012

Key Ratios	Company	Industry
Current Ratio (MRQ)	5.44	3.90
Quick Ratio (MRQ)	4.37	3.02
Debt to Equity (MRQ)	0.65	0.21
Sales 5 Year Growth	6.79	11.04
Net Profit Margin (TTM) %	9.02	19.30
Return on Assets (TTM) %	6.84	15.21
Return on Equity (TTM) %	9.17	21.72

Stock Snapshot

Traded: NASDAQ: CCMP

As of 21-Sep-2012

Financials in: USD

Recent Price	35.52	EPS	2.21
52 Week High	53.15	Price/Sales	1.86
52 Week Low	27.69	Price/Earnings	17.33
Avg. Volume (mil)	0.13	Price/Book	1.44
Market Value (mil)	828.26	Beta	1.04

	Price % Change	Rel S&P 500%
4 Week	11.84%	8.09%
13 Week	21.81%	11.37%
52 Week	1.66%	-21.36%
Year to Date	-24.83%	-35.26%

2 Year Weekly End Price & Volume

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

Cabot Microelectronics Corporation

Location
870 N. Commons Drive
Aurora, IL, 60504
Du Page County
United States

Tel:	630-375-6631
Fax:	630-499-2666
Toll Free Tel:	(800) 811-2756

www.cabotcmp.com

Quote Symbol - Exchange
CCMP - NASDAQ

Sales USD(mil):	445.4
Assets USD(mil):	628.2
Employees:	1,025
Fiscal Year End:	30-Sep-2011



Industry:	Semiconductors

Incorporation Date:	1999
Company Type:	Public Parent
Quoted Status:	Quoted


Chairman of the Board, President, Chief Executive Officer:	William P. Noglows

Industry Codes

ANZSIC 2006 Codes:
2429	-	Other Electronic Equipment Manufacturing

NACE 2002 Codes:
3210	-	Manufacture of electronic valves and tubes and other electronic components

NAICS 2002 Codes:
334413	-	Semiconductor and Related Device Manufacturing

US SIC 1987:
3674	-	Semiconductors and Related Devices

UK SIC 2003:
3210	-	Manufacture of electronic valves and tubes and other electronic components

UK SIC 2007:
2611	-	Manufacture of electronic components

Business Description

Cabot Microelectronics Corporation (Cabot Microelectronics Corp), incorporated in 1999, is a supplier of polishing slurries and a chemical mechanical planarization (CMP) pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called CMP. CMP is a polishing process used by IC device manufacturers to planarize or flatten many of the multiple layers of material that are deposited upon silicon wafers in the production of advanced ICs. The Company develops, produces and sells CMP slurries for polishing many of the conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. It also develops, manufactures and sells CMP polishing pads, which are used in conjunction with slurries in the CMP process.

The Company develops, produces and sells CMP slurries for a range of materials that conduct electrical signals, including tungsten, copper, tantalum and aluminum. Slurries for polishing tungsten are used in the production of advanced memory devices for a multitude of end applications, such as computers, tablets, MP3 players, cellphones, gaming devices, digital photography and digital video recorders, as well as in mature logic applications such as those used in automobiles.

Slurries for polishing tungsten are used in the production of memory devices for a multitude of end applications, such as computers, moving picture experts group layer-3 Audio (MP3) players, cellphones, gaming devices, digital photography and digital video recorders, as well as in mature logic applications, such as those used in automobiles. Its slurries for polishing copper and barrier materials are used in the production of advanced IC logic devices, such as microprocessors for computers, and devices for graphic systems, gaming systems and communication devices, as well as in the production of advanced memory devices. These products include different slurries for polishing the copper film and the thin barrier layer used to separate copper from the adjacent insulating material.

The Company develops, manufactures and sells slurry products used to polish the dielectric insulating materials that separate conductive layers within logic and memory IC devices. Its core slurry products for these materials are primarily used for high volume applications called Interlayer Dielectric (ILD). Its advanced dielectrics products are designed to meet the stringent and complex performance requirements of lower-volume, more specialized dielectric polishing applications, such as pre-metal dielectric (PMD) and shallow trench isolation (STI), at advanced technology nodes. It develops, produces and sells CMP polishing pads, which are consumable materials that work in conjunction with CMP slurries in the CMP polishing process. The Company is producing and selling pads that can be used on a variety of polishing tools, over a range of technology nodes, and on both 200 millimeter and 300 millimeter wafers. Its pad product offerings include its EPIC D100 series of pads and its next generation D200 series.

The Company develops and produces CMP slurries for polishing certain the materials that are used in the production of rigid disks and magnetic heads used in hard disk drives for computer and other data storage applications, which represent an extension of CMP slurry technology and manufacturing capabilities established for the semiconductor industry. Through its QED subsidiary, the Company design and produce precision polishing and metrology systems for advanced optic applications that allow customers to attain near-perfect shape and surface finish on a range of optical components, such as mirrors, lenses and prisms

More Business Descriptions

Mfr of Polishing Compounds & Pads Used in Manufacture of Semiconductors

Establishments primarily engaged in manufacturing cyclic organic crudes and intermediates, and organic dyes and pigments. Important products of this industry include: (1) aromatic chemicals, such as benzene, toluene, mixed xylenes naphthalene; (2) synthetic organic dyes; and (3) synthetic organic pigments.

Cabot Microelectronics Corporation headquartered in Aurora Illinois is the worlds leading supplier of CMP polishing slurries and growing CMP pad supplier to the semiconductor industry. The companys products play a critical role in the production of advanced semiconductor devices enabling the manufacture of smaller faster and more complex devices by its customers. The companys mission is to create value by developing reliable and innovative solutions through close customer collaboration that solve todays challenges and help enable tomorrows technology. Since becoming an independent public company in 2000 the company has grown to approximately 925 employees on a global basis.

Cabot Microelectronics Corporation is a leading supplier of polishing slurries and chemical mechanical planarization (CMP) pads that are utilized by various manufacturers for the production of integrated circuit (IC) and advanced semiconductors. The company operates in many locations including Germany, France, Taiwan, Japan, China, Korea, Singapore, and North America amongst others. The company holds vast expertise in the area of formulation of CMO slurry, materials and polishing techniques that are used by the semiconductor and related industries. The company operates its business through only one segment, which develops, manufactures and sells CMP consumables. It also designs, develops, and sells CMP slurries for polishing conducting and insulating materials used in IC devices; and also polishing certain components in hard disk drives, magnetic heads and specifically rigid disk substrates. the company develops and produces CMP slurries for polishing the materials that coat disks and magnetic heads used in hard disk drives for computer and other data storage applications. Cabot Microelectronics offers slurries that are used for the polishing applications of materials that conduct electrical signals. Further, the slurries offered by the company are used to polish the dielectric insulating materials, which separate the conductive layers within the logic and memory semiconductor chips. The slurries used for polishing copper and barrier materials are utilized in the production of IC logic devices that include microprocessors for computers, and devices for gaming systems, graphic systems and communication devices. The product portfolio of the company includes, tungsten slurries; dielectric slurries; copper slurries; polishing pads; data storage slurries; engineered surface; and finishes. For the fiscal year ended September 30, 2011, the tungsten slurries category generated $164.09m of revenue; followed by dielectric slurries, $121.54m; copper slurries, $76.28m; polishing pads, $31.04m; data storage slurries, $27.78m; and engineered Surface finishes, $24.68m.The company along with its subsidiary QED Technologies, Inc. designs, develops, and manufactures precision polishing and metrology systems for optic applications. Based on its the CMP technology, the company improves the surface finishing of the products, resulting in greater storage capacity of the hard disk drive systems. The subsidiary also offers complete technical assistance and training required to the customers. The companyâ€™s research and development (R&D) facility is involved in the development of new technologies and high-performance products that meet the requirements of existing and new clients. Its main areas of research include development and formulation of new and enhanced CMP consumable products, development to support rapid and effective commercialization of new products, technical support of CMP products, research related to fundamental CMP technology, amongst others. Cabot Microelectronics operates an R&D facility in Aurora, Illinois, which features a Class 1 clean room and advanced equipment for product development, including 300mm polishing and metrology capabilities. The company also houses an R&D facility in Taiwan within its Epoch subsidiary that includes a clean room with 200mm polishing capability. Recently, the company opened a new facility in South Korea; an R&D laboratory in Singapore to provide slurry formulation capability for the data storage industry; and also a research facility in Rochester, New York to support its QED business. For the fiscal year ended September 30, 2011, the company invested $14.68m into its R&D activities as compared to $14.57m invested in the previous fiscal.Geographically, the company's operations are categorized into three major segments, namely, United States, Europe, and Asia. For the fiscal year ended 2011, the Asia segment reported revenue of $356.07m and accounted for 79.94% of the companyâ€™s total revenue followed by United States with $61.54m, which accounted for 13.82% and the rest was accounted by the Europe segment.In April 2012, the company received Intel Corporation's Preferred Quality Supplier (PQS) award for its contribution made to Intel's CMP polishing platforms. In December 2011, the company announced its plans to pursue a significant new capital management initiative including a leveraged recapitalization to improve the return value to its share holders. In October 2011, the company announced its plans to participate in the TechAmerica 2011 Classic in San Diego and the TechAmerica Illinois Investor Forum at NASDAQ in New York.

Cabot Microelectronics Corporation (Cabot Microelectronics) is one of the leading supplier of high-performance polishing slurries and CMP ( chemical mechanical planarization) pads for semiconductor industry. The product offered by the company find their applications in the manufacture of integrated circuit (IC) and advanced semiconductors and related critical components such as mobiles, laptops, desktop and others. Cabot Microelectronics also designs, develops, manufactures, and sells CMP consumables. Cabot Microelectronics is headquartered at Aurora in Illinois, the US.The company focuses on working closely with its customers to develop and manufacture products that offer innovative and reliable solutions to the customersâ€™ challenges. Leveraging on its current customer relationships and technological expertise, Cabot Microelectronics plans to expand its CMP business from slurries to other areas, such as CMP polishing pads. The company's operations span across several regions including Japan, Taiwan, Singapore, North America, China, Korea, China, France, and Germany. In Japan, the company has a plant that offers customized CMP solutions to customers in the region while in Taiwan the company has a pad finishing facility and it formulates the copper slurry products. In the future, the company plans to expand its ESF business in the optics and electronic substrates markets, and intends to increase its focus on the core CMP business.The company reported revenues of (U.S. Dollars) USD 445.44 million during the fiscal year ended September 2011, an increase of 9.12% over 2010. The operating profit of the company was USD 80.39 million during the fiscal year 2011, an increase of 8.61% over 2010. The net profit of the company was USD 51.66 million during the fiscal year 2011, an increase of 4.46% over 2010.

Cabot Microelectronics Corporation is a leading worldwide supplier of polishing compounds and provider of polishing pads used in the manufacture of advanced semiconductors and rigid disks. These are critical components that drive a variety of electronic systems, such as desktop and laptop computers, cellular phones, electronic games, personal data assistants, telecommunication switchboards and servers that power the Internet. Its polishing slurries and pads are at the heart of a process known as chemical mechanical planarization. Using its slurries and polishing pads, manufacturers planarize, or level and smooth, many of the multiple layers that are built upon silicon wafers to produce integrated circuit devices. Cabot Microelectronics Corporation is headquartered in Aurora, Ill.

Producer of aluminum based abrasives called chemical mechanical planarization (CMP) or slurries. Products are used as a polish to better enable integrated circuit manufacturers to produce smaller, faster and more complex devices. Products are sold to multiple industries.

Product Codes

Product Code	Product Description
MAT-AB-A	CMC polishing slurries

Financial Data

Financials in:	USD(mil)

Revenue:	445.4
Net Income:	51.7
Assets:	628.2
Long Term Debt:	0.0
Total Liabilities:	61.9
Working Capital:	0.3

Date of Financial Data:	30-Sep-2011

1 Year Growth

9.1%

4.5%

9.9%

Market Data

Quote Symbol:	CCMP
Exchange:	NASDAQ
Currency:	USD
Stock Price:	35.5
Stock Price Date:	09-21-2012
52 Week Price Change %:	1.7
Market Value (mil):	828,263.0

SEDOL:	2572381
ISIN:	US12709P1030

Equity and Dept Distribution:
Common Stock $.001 Par, 03/11, 200M auth., 27,530,323 issd.,less 4,044,187 shs. in Treas. @ $142.5M. Insiders & strategic holders own 1.13%. IPO:4/3/00, 4M shs @$20 by Goldman, Sachs & Co. FY'00 financials and Q's are reclassified. FY'00 Summarized Q's are as reported by the Company. FY'99 financials are reclassified.

Key Corporate Relationships

Auditor:	PricewaterhouseCoopers LLP

Auditor:	PricewaterhouseCoopers LLP

Additional Infomation
ABI Number:	532499811

Cabot Microelectronics Corporation

The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

Strategic Initiatives

Partnerships

For the fiscal year ended 2011, the Asia segment reported revenue of $356.07m and accounted for 79.94% of the companyâ€™s total revenue followed by United States with $61.54m, which accounted for 13.82% and the rest was accounted by the Europe segment. In April 2012, the company received Intel Corporation's Preferred Quality Supplier (PQS) award for its contribution made to Intel's CMP polishing platforms. In December 2011, the company announced its plans to pursue a significant new capital management initiative including a leveraged recapitalization to improve the return value to its share holders. In October 2011, the company announced its plans to participate in the TechAmerica 2011 Classic in San Diego and the TechAmerica Illinois Investor Forum at NASDAQ in New York.GlobalData uses a range of research techniques to gather and verify its information and analysis. These include primary research, in-house knowledge and expertise, proprietary databases, and secondary sources such as company websites, annual reports, SEC filings and press releases.

Our investments this year included a new research, development and manufacturing facility in South Korea, as well as expansions of our manufacturing capacity in our existing facilities in Japan and Singapore. Less than a year after breaking ground, we celebrated the grand opening of our new facility in South Korea in August 2011. We believe this investment will enhance our manufacturing and technical capabilities there and help enable more real time collaboration with our key memory customers, similar to investments we made in additional capabilities in Taiwan a number of years ago that enabled us to better serve and grow with our foundry customers. We look forward to leveraging this new facility in South Korea to further strengthen our ability to serve the second largest CMP consumables market in the world. We expanded our manufacturing capacity in Japan to meet increased demand for our CMP slurry products.

In April 2012, the company received Intel Corporation's Preferred Quality Supplier (PQS) award for its contribution made to Intel's CMP polishing platforms. In December 2011, the company announced its plans to pursue a significant new capital management initiative including a leveraged recapitalization to improve the return value to its share holders. In October 2011, the company announced its plans to participate in the TechAmerica 2011 Classic in San Diego and the TechAmerica Illinois Investor Forum at NASDAQ in New York.GlobalData uses a range of research techniques to gather and verify its information and analysis. These include primary research, in-house knowledge and expertise, proprietary databases, and secondary sources such as company websites, annual reports, SEC filings and press releases. Disclaimer: No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

Planning

We also achieved record annual revenue in each of our CMP slurry business areas, Tungsten, Dielectrics, Copper and Data Storage, as well as in our CMP polishing Pads business and our Engineered Surface Finishes business. Our vision is to be the trusted industry partner to our customers, providing high quality solutions with speed and delivering superior cost of ownership. In order to execute on our primary strategy to strengthen and grow our core CMP consumables business, we must demonstrate our commitment to this vision each and every day. I believe our financial performance in 2011 and the strategic investments we made during the year reflect our commitment to achieving our vision, and to further strengthening our global position. Expanded Global Footprint: Cabot Microelectronicsâ€™ global infrastructure includes sales, manufacturing and technical capabilities across the United States, Europe and the Asia Pacific region to serve our customers around the world.

Location
870 N Commons Dr Aurora, IL 60504-7963 United States

County:	Du Page
MSA:	Chicago, IL

Phone:	630-375-6631
Fax:	630-499-2666
Toll Free:	800-811-2756
URL:	http://cabotcmp.com


ABI^©:	532499811

Annual Sales:	$445,442,000 (USD)
Employees:	1,025

Facility Size(ft²):	40,000+
Facility Own/Lease:	Own

Business Type:	Public
Location Type:	Headquarter

Ticker:	CCMP
Exchange:	NASDAQ









Primary Line of Business:
SIC:	2865-01 - Chemicals-Blending & Grinding (Mfrs)
NAICS:	325192 - Cyclic Crude & Intermediate Mfg
Secondary Lines of Business:
SICs:	2899-05 - Chemicals-Manufacturers
	3291-02 - Abrasive Products (Mfrs)
	5169-16 - Chemicals (Whls)
	8742-13 - Marketing Programs & Services
NAICS:	327910 - Abrasive Prod Mfg
	325998 - Other Misc Chemical Prod Mfg
	424690 - Other Chemical Merchant Whols
	541613 - Marketing Consulting Svcs

Corporate Structure News

Cabot Microelectronics Corporation
Total Corporate Family Members: 10

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Cabot Microelectronics Corporation	Parent	Aurora, IL	United States	Semiconductors	445.4	1,025
Cabot Microelectronics	Branch	Aurora, IL	United States	Construction - Supplies and Fixtures	126.4	400
Cabot Microelectronics Japan K.K.	Subsidiary	Mie	Japan	Chemical Manufacturing	1.0	100
Nihon Cabot Microelectronics K.K.	Subsidiary	Mie	Japan	Business Services	1.0	100
QED Technologies Inc	Subsidiary	Rochester, NY	United States	Miscellaneous Capital Goods		49
Cabot Microelectronics	Branch	Addison, IL	United States	Construction - Supplies and Fixtures	4.4	17
Cabot Microelectronics	Branch	Austin, TX	United States	Retail (Technology)	1.6	5
Cabot Microelectronics	Branch	Austin, TX	United States	Construction - Supplies and Fixtures	1.6	5
Cabot Microelectronics	Branch	San Jose, CA	United States	Construction - Supplies and Fixtures	0.3	1
Surface Finishes	Subsidiary	Addison, IL	United States	Electronic Instruments and Controls

Competitors Report

CompanyName	Location	Employees	Ownership
Advanced Micro Devices, Inc.	Sunnyvale, California, United States	11,737	Public
Air Products & Chemicals, Inc.	Allentown, Pennsylvania, United States	18,500	Public
Analog Devices, Inc.	Norwood, Massachusetts, United States	9,200	Public
Applied Materials, Inc.	Santa Clara, California, United States	14,600	Public
Asahi Glass Co Ltd	Tokyo, Japan	50,957	Public
ATMI Inc	Danbury, Connecticut, United States	814	Public
Broadcom Corporation	Irvine, California, United States	8,330	Public
Compagnie de Saint Gobain SA	Courbevoie, France	192,933	Public
Dow Advanced Materials	Philadelphia, Pennsylvania, United States	15,710	Private
E I Du Pont De Nemours And Co	Wilmington, Delaware, United States	70,000	Public
First Solar, Inc.	Tempe, Arizona, United States	7,000	Public
Freescale Semiconductor Ltd	Austin, Texas, United States	18,000	Public
FUJIMI INCORPORATED	Kiyosu-Shi, Japan	760	Public
Hitachi Chemical Company, Ltd.	Tokyo, Japan	16,713	Public
Infineon Technologies AG	Neubiberg, Germany	26,454	Public
Intel Corporation	Santa Clara, California, United States	100,800	Public
JSR CORPORATION	Tokyo, Japan	5,403	Public
KLA-Tencor Corporation	Milpitas, California, United States	5,710	Public
LSI Corporation	Milpitas, California, United States	4,588	Public
Marvell Technology Group Ltd.	Hamilton, Bermuda	6,970	Public
Maxim Integrated Products Inc.	San Jose, California, United States	9,065	Public
Micron Technology, Inc.	Boise, Idaho, United States	26,100	Public
NVIDIA Corporation	Santa Clara, California, United States	7,133	Public
NXP Semiconductors NV	Eindhoven, Netherlands	25,388	Public
Park Electrochemical Corp.	Melville, New York, United States	613	Public
Polypore International, Inc.	Charlotte, North Carolina, United States	2,500	Public
Rhodia SA	Paris La DÃ©fense, France	34	Public
Rogers Corporation	Rogers, Connecticut, United States	2,600	Public
Rohm and Haas Electronic Materials LLC	Marlborough, Massachusetts, United States	1,500	Private
Rubicon Technology, Inc.	Bensenville, Illinois, United States	376	Public
Saint-Gobain Abrasives, Inc. - Philadelphia	Montgomeryville, Pennsylvania, United States	55	Private
STMicroelectronics N.V.	Geneve, Switzerland	50,000	Public
Texas Instruments Incorporated	Dallas, Texas, United States	34,759	Public
The Dow Chemical Company	Midland, Michigan, United States	49,505	Public

Executives Report

Board of Directors

Name

Title

Function

William P. Noglows

Chairman of the Board, President, Chief Executive Officer

Chairman

Biography:

Mr. William P. Noglows is Chairman of the Board, President, Chief Executive Officer of Cabot Microelectronics Corporation., since November 2003. Mr. Noglows had previously served as a director of the Company from January 2000 until April 2002. Prior to joining the company, Mr. Noglows served as an Executive Vice President of Cabot Corporation from 1998 to June 2003. Prior to that, Mr. Noglows held various management positions at Cabot Corporation including General Manager of Cabot Corporationâ€™s Cab-O-Sil Division, where he was one of the primary founders of the Company when the company's business was a division of Cabot Corporation, and was responsible for identifying and encouraging the development of the CMP application. Mr. Noglows received his B.S. in Chemical Engineering from the Georgia Institute of Technology. Mr. Noglows is also a director of Littelfuse, Inc. and Aspen Aerogels, Inc.

Age: 54

Education:

Georgia Institute of Technology, BS (Chemical Engineering)

Compensation/Salary:$559,000

Compensation Currency: USD

Robert J. Birgeneau

Independent Director

Director/Board Member

Biography:

Mr. Robert J. Birgeneau is an Independent Director of Cabot Microelectronics Corporation. He was elected a director of the company in March 2005. He has been the Chancellor of the University of California, Berkeley since September 2004. He also holds a faculty appointment in the departments of physics and materials science and engineering there. From July 2000 until assuming his current position, Mr. Birgeneau served as the President of the University of Toronto. Prior to that, Mr. Birgeneau was the Dean of the School of Science at the Massachusetts Institute of Technology, and previously had been the chair of its physics department. Mr. Birgeneau received his B.S. in mathematics from the University of Toronto and his Ph.D. in physics from Yale University.

Age: 69

Education:

Yale University, PHD (Physics)
University of Toronto, BS (Mathematics)

John P. Frazee

Independent Director

Director/Board Member

Biography:

Mr. John P. Frazee, Jr., is an Independent Director of Cabot Microelectronics Corporation. He was elected as a director of company in April 2000. He has been a private investor since 2001 and has served as a senior advisor to Greenhill & Co., Inc. since November 2007. Prior to 1997, he served as President and Chief Operating Officer of Sprint Corporation, and before that as Chairman and Chief Executive Officer of Centel Corporation. Mr. Frazee also has served as director of various entities including the Chicago Board of Options Exchange, Dean Foods Company, Harris Bancorp, Homestead Village, Inc., Midway Airlines, Nalco Chemical Company, Paging Network, Inc., and Security Capital Group Incorporated . Mr. Frazee received his bachelorâ€™s degree in political science from Randolph-Macon College.

Age: 67

Education:

Randolph-Macon College, BA (Political Science)

H. Laurance Fuller

Independent Director

Director/Board Member

Reuters

Biography:

Mr. H. Laurance Fuller is an Independent Director of Cabot Microelectronics Corporation. He was elected a director of the company in June 2002. He also is a director of Abbott Laboratories. Mr. Fuller retired from the position of Co-Chairman of BP Amoco, p.l.c. in 2000 after serving as Chairman and Chief Executive Officer of Amoco Corporation since 1991 and President since 1983. He also has served as director of various entities including J.P. Morgan Chase, Motorola, Inc. and Security Capital Group Incorporated. Mr. Fuller received his B.S. in chemical engineering from Cornell University.

Age: 73

Education:

DePaul University, JD
Cornell University, BS (Chemical Engineering)

Richard S. Hill

Independent Director

Director/Board Member

Biography:

Mr. Richard S. Hill has been appointed as Independent Director of Cabot Microelectronics Corp., effective June 4, 2012. He is retiring as the Chairman and Chief Executive Officer of Novellus Systems, Inc., in the wake of its recent acquisition by Lam Research Corporation. Novellus manufactures, markets and services advanced deposition, surface preparation and chemical mechanical planarization equipment for advanced integrated circuits. Mr. Hill joined Novellus as its CEO in 1993 and was appointed its Chairman in 1996, serving continuously in these capacities until Novellusâ€™ merger. Prior to Novellus, Mr. Hill held various senior leadership and management positions with Tektronix, Inc., General Electric, Inc., Motorola, Inc., and Hughes Aircraft, Inc. Mr. Hill also serves on the Board of Directors of Arrow Electronics, Inc., LSI Logic Corp., and the University of Illinois Foundation. He received a B.Sc. in bioengineering from the University of Illinois and a M.B.A. from Syracuse University.

Age: 60

Education:

Syracuse University, MBA
University of Illinois, BS (Bioengineering)

Barbara A. Klein

Independent Director

Director/Board Member

Biography:

Ms. Barbara A. Klein is an Independent Director of Cabot Microelectronics Corporation. She was elected a director of the company in April 2008. She retired in May 2008 as the Senior Vice President and Chief Financial Officer of CDW Corporation. Prior to that, Ms. Klein held a variety of senior finance positions including Vice President and Chief Financial Officer of Dean Foods Company, Vice President and Corporate Controller of Ameritech Corporation, and Vice President and Corporate Controller of Pillsbury Co. Ms. Klein also serves on the board of directors of Corn Products International, Inc. She is a certified public accountant. Ms. Klein received a B.S. in accounting and finance from Marquette University, and an M.B.A. from Loyola University.

Age: 57

Education:

Loyola University, MBA
Marquette University, BS (Finance and Accounting)

Edward J. Mooney

Independent Director

Director/Board Member

Biography:

Mr. Edward J. Mooney is an Independent Director of Cabot Microelectronics Corporation. He was elected a director of the company in March 2005. He also serves on the boards of directors of Commonwealth Edison, which is a wholly-owned subsidiary of Exelon Corporation, FMC Corporation, FMC Technologies, Inc., the Northern Trust Corporation and PolyOne Corporation. Mr. Mooney was the Delegue General-North America, Suez Lyonnaise des Eaux from March 2000 until his retirement in March 2001. From 1994 to 2000, he was Chairman and Chief Executive Officer of Nalco Chemical Company. Mr. Mooney received both a B.S. in chemical engineering and a J.D. from the University of Texas.

Age: 70

Education:

University of Texas, JD
University of Texas, BS (Chemical Engineering)

Steven V. Wilkinson

Independent Director

Director/Board Member

Biography:

Mr. Steven V. Wilkinson is an Independent Director of Cabot Microelectronics Corporation. He was elected a director of company in April 2000. He is also a director of Entergy Corporation. Mr. Wilkinson has been retired since 1998. Prior to retirement, he was a partner of Arthur Andersen LLP. During his tenure with Arthur Andersen LLP, Mr. Wilkinson served clients across many industries, including chemical, electric and gas distribution, telecommunications, steel and transportation. He is a certified public accountant. Mr. Wilkinson received his B.A. in economics from DePauw University and his M.B.A. from the University of Chicago.

Age: 70

Education:

University of Chicago, MBA
DePauw University, BA (Economics)

Bailing Xia

Independent Director

Director/Board Member

Biography:

Mr. Bailing Xia is an Independent Director of Cabot Microelectronics Corporation. He was elected a director of the company in September 2007. He is the Chairman and Chief Executive Officer of Summer Leaf, Inc., a privately-held technology and project development consulting company, headquartered in Toronto, Canada, and has served in that role since 1996. He has been the Chief Representative in North America for China Central Television (CCTV) for education, science, technology, culture and health programs since 1994. In April 2007, Mr. Xia was appointed a Member of the Planning Committee of the China Development Bank. He also served as a director of Lingo Media International, Inc., a publicly-traded publisher of English-language educational programs in China. Mr. Xia holds a degree in economics from Anhui University, and also graduated from the Sino-American Scientific Technology, Industry and Business Administration Program.

Age: 56

Education:

Sino-American Scientific Technology
Anhui University (Economics)

Executives

Name

Title

Function

William P. Noglows

Chairman of the Board, President, Chief Executive Officer

Chief Executive Officer

Biography:

Age: 54

Education:

Georgia Institute of Technology, BS (Chemical Engineering)

Compensation/Salary:$559,000

Compensation Currency: USD

Yumiko Damashek

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Vice President, Japan and Operations in Asia

Operations Executive

Biography:

Ms. Yumiko Damashek serves as Vice President, Japan and Operations in Asia of Cabot Microelectronics Corporation since June 2008. Previously, Ms. Damashek served as Managing Director of Japan since November 2005. Prior to joining the company, Ms. Damashek served as President for Celerity Japan, Inc. Prior to that, she held various leadership positions at Global Partnership Creation, Inc. and Millipore Corporation. Ms. Damashek received her B.A. from the University of Arizona and her M.B.A. from San Diego State University.

Age: 55

Education:

San Diego State University, MBA
University of Arizona, BA

John Mc Mahon

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Director-Global Quality

Operations Executive

Mark Postlewait

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Operations Manager

Operations Executive

Bill Spitzig

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Global Operations Manager

Operations Executive

Adam F. Weisman

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Vice President - Business Operations

Operations Executive

Biography:

Mr. Adam F. Weisman is Vice President - Business Operations of Cabot Microelectronics Corporation since September 2006. Prior to that was the company's Vice President of Operations. Before joining the company, Mr. Weisman held various engineering and senior operations management positions with the General Electric Company from 1988 through 2004, including having served as the General Manager of Manufacturing for GE Plastics - Superabrasives, and culminating in serving as the Executive Vice President of Operations for GE Railcar Services. Prior to joining GE, he worked as an engineering team leader and pilot plant manager for E.I. Du Pont de Nemours & Company. Mr. Weisman holds a B.S. in Ceramic Engineering from Alfred University.

Age: 49

Education:

Alfred University, BS (Ceramics Engineering)

Compensation/Salary:$326,200

Compensation Currency: USD

H. Carol Bernstein

Vice President, General Counsel, Secretary

Company Secretary

Biography:

Ms. H. Carol Bernstein is Vice President, Secretary, General Counsel of Cabot Microelectronics Corporation since August 2000. From January 1998 until joining the company, Ms. Bernstein served as the General Counsel and Director of Industrial Technology Development of Argonne National Laboratory, which is operated by the University of Chicago for the United States Department of Energy. From May 1985 until December 1997, she served in various positions with the IBM Corporation, culminating in serving as an Associate General Counsel, and was the Vice President, Secretary and General Counsel of Advantis Corporation, an IBM joint venture. Ms. Bernstein received her B.A. from Colgate University and her J.D. from Northwestern University; she is a member of the Bar of the States of Illinois and New York.

Age: 51

Education:

Northwestern University, JD
Colgate University, BA

Compensation/Salary:$314,500

Compensation Currency: USD

William S. Johnson

Chief Financial Officer, Vice President

Finance Executive

Biography:

Mr. William S. Johnson is Chief Financial Officer, Vice President of Cabot Microelectronics Corporation since April 2003. Prior to joining the company, Mr. Johnson served as Executive Vice President and Chief Financial Officer for Budget Group, Inc. from August 2000 to March 2003. Before that, Mr. Johnson spent 16 years at BP Amoco in various senior finance and management positions, the most recent of which was President of Amoco Fabrics and Fibers Company. Mr. Johnson received his B.S. in Mechanical Engineering from the University of Oklahoma and his M.B.A. from the Harvard Business School.

Age: 54

Education:

Harvard University, MBA
University of Oklahoma, BS (Mechanical Engineering)

Compensation/Salary:$348,000

Compensation Currency: USD

Social:

Veronica Kraft

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Finance

Finance Executive

Laura Ortega

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Business Analyst Finance

Finance Executive

Sabrina Vosnos

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Senior Financial Analyst

Finance Executive

Frank Gengo

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Director, Internal Audit

Accounting Executive

Thomas S. Roman

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Principal Accounting Officer, Corporate Controller

Accounting Executive

Biography:

Mr. Thomas S. Roman is Principal Accounting Officer, Corporate Controller of Cabot Microelectronics Corporation since February 2004. Previously he served as the company's North American Controller. Prior to joining company's in April 2000, Mr. Roman was employed by FMC Corporation in various financial reporting, tax and audit positions. Before that, Mr. Roman worked for Gould Electronics and Arthur Andersen LLP. Mr. Roman is a C.P.A. and earned a B.S. in Accounting from the University of Illinois and an M.B.A. from DePaul Universityâ€™s Kellstadt Graduate School of Business.

Age: 50

Education:

DePaul University, MBA
University of Illinois, BS (Accounting)

Kenneth Debuck

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Tax Manager

Corporate Tax Executive

Sally Baca

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Vice President Human Resources

Human Resources Executive

Rick Lawson

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Human Resources

Human Resources Executive

Betsy Alegria

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Training and Development Manager

Training Executive

Alan Chang

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Vice President of Sales and Marketing

Sales Executive

Jean Pol Delrue

Vice President-Global Sales

Sales Executive

Biography:

Jean Pol Delrue is the vice president of global sales for Cabot Microelectronics Corporation. Prior to joining the company, he worked for Ebara Precision Machinery Europe. Delrue earned an executive master of business administration degree from the Centre de Perfectionnement des Affaires and a doctorate in physical chemistry from Belgiums University of Mons.

Education:

Stanford University, post doctorate work (Chemical Engineering)
University of Mons, PhD (Physical Chemistry)
Centre de Perfectionnement, MBA

Daniel S. Wobby

Vice President - Global Sales

Sales Executive

Biography:

Mr. Daniel S. Wobby is Vice President - Global Sales of Cabot Microelectronics Corporation since June 2008. Prior to that, Mr. Wobby served as Vice President, Asia Pacific Region since September 2005. Previously, Mr. Wobby served as Vice President, Greater China and Southeast Asia starting in February 2004 and as Corporate Controller and Principal Accounting Officer from 2000 to 2004. From 1989 to 2000, Mr. Wobby held various accounting and operations positions with Cabot Corporation culminating in serving as Director of Finance. Mr. Wobby earned a B.S. in Accounting from St. Michaelâ€™s College and an M.B.A. from the University of Chicago.

Age: 48

Education:

University of Chicago, MBA
University of Toronto, BS (Accounting)

Compensation/Salary:$310,550

Compensation Currency: USD

Debbie Bogash

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Global Engineering Director

International Executive

James De Honiestl

Global Information Technology

International Executive

Biography:

James DeHoniesto is the chief information officer for Cabot Microelectronics Corporation. Prior to joining the company, he held various leadership positions at Hewlett-Packard and Agilent Technologies. DeHoniesto received a bachelor's degree in computer science from the University of Pittsburgh.

Education:

University of Pittsburgh, bachelor's (Computer Science)

Lisa Fortino

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Global Corporate Communications Specialist

International Executive

Gil Morgan

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Global Quality Director

International Executive

Anita Schmall

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Global Business Applications

International Executive

Don Wiseman

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Global Business Director

International Executive

Steve Wolff

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Vice President, Global Sourcing

International Executive

Kyose Choi

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Technical Marketing Manager

Marketing Executive

Catherine Conroy

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Marketing Manager

Marketing Executive

Stephen R. Smith

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Vice President - Marketing

Marketing Executive

Biography:

Mr. Stephen R. Smith is Vice President - Marketing of Cabot Microelectronics Corporation since September 2006. Previously he was the company's Vice President of Marketing and Business Management since April 2005 and the company's Vice President of Sales and Marketing from October 2001. Prior to joining the company, Mr. Smith served as Vice President, Sales & Business Development for Buildpoint Corporation from 2000 to April 2001. Prior to that, Mr. Smith spent 17 years at Tyco Electronics Group, formerly known as AMP Incorporated, in various management positions. Mr. Smith earned a B.S. in Industrial Engineering from Grove City College and an M.B.A. from Wake Forest University.

Age: 52

Education:

Wake Forest University, MBA
Grove City College, BS (Industrial Engineering)

Compensation/Salary:$217,875

Compensation Currency: USD

Amy Ford

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Director-Investor Relations

Corporate Communications Executive

Trisha Tuntland

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Manager of Investor Relations

Investor Relations Executive

Edward Chu

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Information Technology Engineer

Information Executive

Mark Shackelford

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Business Systems Analyst

Information Executive

Ed Shea

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Manager Information Technology Help Desk

Information Executive

Kevin Chang

Product Engineer