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When was Cognex Corporation founded and who were the founders?

Cognex was founded in 1981 by Dr. Robert J. Shillman, a lecturer in human visual perception at the Massachusetts Institute of Technology. Dr. Bob (as he is known to many) left academia to start Cognex, and he invited two MIT graduate students – Marilyn Matz and Bill Silver – to embark on this business venture with him, offering free bicycles to convince them to leave MIT for a summer. What began as a summer job for Marilyn and Bill turned out to be the start of a career, as they stayed on to help co-found the company. These three individuals gave Cognex its start – and its name, which was derived from the phrase "Cognition Experts".

Where is Cognex incorporated?

Cognex is incorporated in Massachusetts.

On what exchange is Cognex listed and under what symbol?

Cognex's common stock is traded on The Nasdaq Stock Market LLC, under the symbol CGNX.

When did Cognex make its Initial Public Offering and at what price?

Our IPO of 1,160,500 shares was completed in July 1989 at an opening price of $11.00 per share (or 37,136,000 shares at $0.34 per share after adjusting for subsequent stock splits). We raised $6.5 million after underwriting fees and proceeds to selling shareholders.

Have there been any other offerings since the IPO?

Yes, a secondary round of financing to generate cash for growth and acquisitions was completed in December 1994. Our secondary offering of 1,700,000 shares was priced at $22.25 per share (or 6,800,000 shares at $5.57 per share after adjusting for subsequent stock splits). We raised $29.8 million after underwriting fees and proceeds to selling shareholders.

Have there been any stock splits?

Yes. For more information see dividend and stock split history.

Does Cognex offer a direct stock purchase plan?

No, Cognex does not offer a direct stock purchase plan.

Does Cognex issue dividends?

Yes. For more information see dividend and stock split history.

Who should I contact if I don't receive my cash dividend payment?

If your shares are held in a brokerage account, please contact your broker directly with any questions regarding the dividend payment. If you are a registered shareholder, or if you hold a physical stock certificate, contact Computershare, Cognex's transfer agent.

Does Cognex have a dividend reinvestment plan?

No. Cognex does not have a dividend reinvestment plan.

When does your fiscal year end?

December 31st

When are the next earnings expected to be released?

Please refer to our calendar of Events & Presentations.

Who do I contact with questions about stock certificates or a change of address?

Shareholders who hold Cognex stock in a brokerage account should contact their broker directly.

Registered shareholders, and shareholders who hold a stock certificate, should direct questions about stock certificates, address changes, or other matters to Computershare, Cognex's transfer agent.

     

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Cognex Investor Relations

Susan Conway
Senior Director of Investor Relations
Tel: (508) 650-3353
susan.conway@cognex.com

Corporate Headquarters

Cognex Corporation
One Vision Drive
Natick, MA 01760-2059
Tel: (508) 650-3000
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