June 19, 2013
PLYMOUTH, MI--(Marketwired - Jun 19, 2013) - Perceptron, Inc. (NASDAQ: PRCP) today announced that Primus Financial Products, LLC ("Primus"), redeemed the remaining outstanding shares of its Floating Rate Cumulative Preferred Stock Series I and Series II ("Preferred Stock") at the full value of $1,000 per share. Perceptron held 2,600 shares of the Preferred Stock and received $2.6 million. These securities have been held as long-term investments, and were written down to their current carrying value of approximately $1.47 million in fiscal year 2009. The redemption will result in an increase of approximately $1.0 million in net income in the fourth quarter of Perceptron's 2013 fiscal year, and represents an expected increase of approximately $0.12 in basic earnings per share.
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