UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the Quarterly Period Ended September 30, 2009
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number 0-7491
 
 MOLEX INCORPORATED
  Delaware
    
    36-2369491(State or other jurisdiction of 
incorporation or organization)
    
    (I.R.S. Employer
Identification No.)
 2222 Wellington Court, Lisle, Illinois 60532
  
 þ o
  Large accelerated filer þ   
    Accelerated filer o
    Non-accelerated filer o
    Smaller reporting company o(Do not check if a smaller reporting company)
 o o
 o þ
  Common Stock
    
    
    95,560,076Class A Common Stock
    
    
    78,082,137Class B Common Stock
    
    
    94,255




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##### 



Molex Incorporated
 INDEX
 PagePART I  FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed Consolidated Balance Sheets as of
September 30, 2009 and June 30, 2009
    
    
    3Condensed Consolidated Statements of Income for the
three months ended September 30, 2009 and 2008
    
    
    4Condensed Consolidated Statements of Cash Flows for the
three months ended September 30, 2009 and 2008
    
    
    5Notes to Condensed Consolidated Financial Statements
    
    
    6Item 2. Managements Discussion and Analysis of Financial Condition and Results
of Operations
    
    
    13Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    23Item 4. Controls and Procedures
    
    
    24PART II  OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    24Item 1A. Risk Factors
    
    
    24Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    25Item 6. Exhibits
    
    
    25SIGNATURES
    
    
    26Section 302
Certification of Chief Executive OfficerSection 302
Certification of Chief Executive OfficerSection 906
Certification of Chief Executive OfficerSection 906
Certification of Chief Executive Officer
  2




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##### 



PART I
 
 Item 1.
    
    Financial Statements
 Molex Incorporated
 
 Condensed Consolidated Balance Sheets
 Sept. 30,
    
    
    June 30,2009
    
    
    2009(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    520,999
    
    
    $
    424,707Marketable securities
    
    
    9,132
    
    
    
    43,234Accounts receivable, less allowances of $37,850 and $32,593 respectively
    
    
    614,900
    
    
    
    528,907Inventories
    
    
    350,220
    
    
    
    354,337Deferred income taxes
    
    
    25,068
    
    
    
    27,939Other current assets
    
    
    88,679
    
    
    
    68,449Total current assets
    
    
    1,608,998
    
    
    
    1,447,573Property, plant and equipment, net
    
    
    1,093,780
    
    
    
    1,080,417Goodwill
    
    
    127,372
    
    
    
    128,494Non-current deferred income taxes
    
    
    105,094
    
    
    
    89,332Other assets
    
    
    192,205
    
    
    
    196,341Total assets
    
    $
    3,127,449
    
    
    $
    2,942,157LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Current portion of long-term debt and short-term loans
    
    $
    16,777
    
    
    $
    224,340Accounts payable
    
    
    308,514
    
    
    
    266,633Accrued expenses
    
    
    277,399
    
    
    
    218,429Income taxes payable
    
    
    14,642
    
    
    
    4,750Total current liabilities
    
    
    617,332
    
    
    
    714,152Other non-current liabilities
    
    
    20,332
    
    
    
    21,862Accrued pension and postretirement benefits
    
    
    118,143
    
    
    
    113,268Long-term debt
    
    
    303,190
    
    
    
    30,311Total liabilities
    
    
    1,058,997
    
    
    
    879,593Commitments and contingenciesStockholders equity:Common stock
    
    
    11,164
    
    
    
    11,138Paid-in capital
    
    
    610,476
    
    
    
    601,459Retained earnings
    
    
    2,317,910
    
    
    
    2,355,991Treasury stock
    
    
    (1,091,755
    )
    
    
    (1,089,322
    )Accumulated other comprehensive income
    
    
    220,657
    
    
    
    183,298Total stockholders equity
    
    
    2,068,452
    
    
    
    2,062,564Total liabilities and stockholders equity
    
    $
    3,127,449
    
    
    $
    2,942,157
  3




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##### 



Molex Incorporated
 
 Condensed Consolidated Statements of Income
 Three Months EndedSeptember 30,2009
    
    
    2008Net revenue
    
    $
    674,033
    
    
    $
    838,985Cost of sales
    
    
    482,614
    
    
    
    589,513Gross profit
    
    
    191,419
    
    
    
    249,472Selling, general and administrative
    
    
    145,628
    
    
    
    166,351Restructuring costs and asset impairments
    
    
    55,894
    
    
    
    21,778Total operating expenses
    
    
    201,522
    
    
    
    188,129Income (loss) from operations
    
    
    (10,103
    )
    
    
    61,343Interest (expense) income, net
    
    
    (1,000
    )
    
    
    1,193Other income
    
    
    3,484
    
    
    
    2,607Total other income, net
    
    
    2,484
    
    
    
    3,800Income (loss) before income taxes
    
    
    (7,619
    )
    
    
    65,143Income taxes
    
    
    3,976
    
    
    
    20,846Net (loss) income
    
    $
    (11,595
    )
    
    $
    44,297Earnings (loss) per share:Basic
    
    $
    (0.07
    )
    
    $
    0.25Diluted
    
    $
    (0.07
    )
    
    $
    0.25Dividends declared per share
    
    $
    0.1525
    
    
    $
    0.1525Average common shares outstanding:Basic
    
    
    173,486
    
    
    
    176,911Diluted
    
    
    173,486
    
    
    
    177,594
  4




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##### 



Molex Incorporated
 
 Condensed Consolidated Statements of Cash Flows
 Three Months EndedSeptember 30,2009
    
    
    2008Operating activities:Net (loss) income
    
    $
    (11,595
    )
    
    $
    44,297Add non-cash items included in net (loss) income:Depreciation and amortization
    
    
    60,589
    
    
    
    63,513Share-based compensation
    
    
    7,092
    
    
    
    6,230Non-cash restructuring and other costs, net
    
    
    13,191
    
    
    
    2,672Other non-cash items
    
    
    6,625
    
    
    
    6,854Changes in assets and liabilities, excluding the effects of foreign currency
adjustment and acquisitions:Accounts receivable
    
    
    (72,586
    )
    
    
    (25,761
    )Inventories
    
    
    1,482
    
    
    
    (22,847
    )Accounts payable
    
    
    32,131
    
    
    
    (24,732
    )Other current assets and liabilities
    
    
    35,551
    
    
    
    47,090Other assets and liabilities
    
    
    (1,862
    )
    
    
    (8,340
    )Cash provided from operating activities
    
    
    70,618
    
    
    
    88,976Investing activities:Capital expenditures
    
    
    (45,634
    )
    
    
    (45,292
    )Proceeds from sales of property, plant and equipment
    
    
    3,192
    
    
    
    2,665Proceeds from sales or maturities of marketable securities
    
    
    35,303
    
    
    
    3,858Purchases of marketable securities
    
    
    (958
    )
    
    
    (2,834
    )Acquisitions, net of cash acquired
    
    
    
    
    
    
    (53,446
    )Other investing activities
    
    
    (355
    )
    
    
    (187
    )Cash used for investing activities
    
    
    (8,452
    )
    
    
    (95,236
    )Financing activities:Proceeds from revolving credit facility and short term loans
    
    
    90,000
    
    
    
    58,000Payments on revolving credit facility
    
    
    (40,000
    )
    
    
    (15,000
    )Proceeds from issuance of long-term debt
    
    
    
    
    
    
    187Payment of long-term debt
    
    
    (196
    )
    
    
    Cash dividends paid
    
    
    (26,486
    )
    
    
    (19,962
    )Exercise of stock options
    
    
    266
    
    
    
    983Excess tax benefits from share-based compensation
    
    
    
    
    
    
    426Purchase of treasury stock
    
    
    
    
    
    
    (38,846
    )Other financing activities
    
    
    (700
    )
    
    
    (766
    )Cash provided from (used for) financing activities
    
    
    22,884
    
    
    
    (14,978
    )Effect of exchange rate changes on cash
    
    
    11,242
    
    
    
    (15,248
    )Net increase (decrease) in cash and cash equivalents
    
    
    96,292
    
    
    
    (36,486
    )Cash and cash equivalents, beginning of period
    
    
    424,707
    
    
    
    475,507Cash and cash equivalents, end of period
    
    $
    520,999
    
    
    $
    439,021
  5




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##### 



Molex Incorporated
 
 Notes to Condensed Consolidated Financial Statements
 1. Basis of Presentation
    2. Restructuring Costs and Asset Impairments
   6




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##### 



Custom &
    
    
    CorporateConnector
    
    
    Electrical
    
    
    and Other
    
    
    TotalCumulative costs at June 30, 2009
    
    $
    116,066
    
    
    $
    38,555
    
    
    $
    43,278
    
    
    $
    197,899Net restructuring costs during the first quarter:Severance costs
    
    
    37,469
    
    
    
    4,639
    
    
    
    595
    
    
    
    42,703Asset impairments
    
    
    13,191
    
    
    
    
    
    
    
    
    
    
    
    13,191Cumulative restructuring costs and asset
impairments at September 30, 2009
    
    $
    166,726
    
    
    $
    43,194
    
    
    $
    43,873
    
    
    $
    253,793
  Balance at June 30, 2009
    
    $
    69,928Cash payments
    
    
    (17,677
    )Charges to expense
    
    
    46,604Non-cash related costs
    
    
    3,598Balance at September 30, 2009
    
    $
    102,453
  3. Acquisitions
  4. Earnings (Loss) Per Share
  Three Months EndedSeptember 30,2009
    
    
    2008Basic average common shares outstanding
    
    
    173,486
    
    
    
    176,911Effect of dilutive stock options
    
    
    
    
    
    
    683Diluted average common shares outstanding
    
    
    173,486
    
    
    
    177,594
  7




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##### 



5. Comprehensive Income (Loss)
  Three Months EndedSeptember 30,2009
    
    
    2008Net (loss) income
    
    $
    (11,595
    )
    
    $
    44,297Translation adjustments
    
    
    42,836
    
    
    
    (73,113
    )Accumulated actuarial loss
    
    
    (5,831
    )
    
    
    Unrealized investment gain (loss)
    
    
    354
    
    
    
    (5,531
    )Total comprehensive income (loss)
    
    $
    25,764
    
    
    $
    (34,347
    )
  6. Inventories
  Sept. 30,
    
    
    June 30,2009
    
    
    2009Raw materials
    
    $
    65,186
    
    
    $
    58,720Work in process
    
    
    115,689
    
    
    
    113,782Finished goods
    
    
    169,345
    
    
    
    181,835Total inventories
    
    $
    350,220
    
    
    $
    354,337
 7. Pensions and Other Postretirement Benefits
  Three Months EndedSeptember 30,2009
    
    
    2008Service cost
    
    $
    1,990
    
    
    $
    2,066Interest cost
    
    
    2,041
    
    
    
    2,064Expected return on plan assets
    
    
    (1,696
    )
    
    
    (2,180
    )Amortization of prior service cost
    
    
    10
    
    
    
    11Recognized actuarial losses
    
    
    57
    
    
    
    62Amortization of transition obligation
    
    
    624
    
    
    
    106Curtailment adjustment
    
    
    (3,849
    )
    
    
    Benefit (credit) cost
    
    $
    (823
    )
    
    $
    2,129
 8




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##### 



Three Months EndedSeptember 30,2009
    
    
    2008Service cost
    
    $
    271
    
    
    $
    611Interest cost
    
    
    621
    
    
    
    796Amortization of prior service cost
    
    
    (516
    )
    
    
    (160
    )Recognized actuarial losses
    
    
    175
    
    
    
    157Benefit cost
    
    $
    551
    
    
    $
    1,404
  2009
    
    2008Non-U.S.
    
    
    
    
    
    Non-U.S.U.S. Plan
    
    Plan
    
    U.S. Plan
    
    PlanAssets
    
    Assets
    
    Assets
    
    AssetsFair value of plan assets at June 30
    
    $
    48,565
    
    
    $
    46,577
    
    
    $
    58,840
    
    
    $
    66,463Asset category:Equity
    
    
    65
    %
    
    
    58
    %
    
    
    65
    %
    
    
    64
    %Bonds
    
    
    35
    %
    
    
    29
    %
    
    
    35
    %
    
    
    19
    %Other
    
    
    
    
    
    
    13
    %
    
    
    
    
    
    
    17
    %
 8. Debt
    9




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##### 



9. Income Taxes
     10. Fair Value Measurements
  Quoted Pricesin Active
    
    
    SignificantTotal
    
    
    Markets for
    
    
    Other
    
    
    SignificantMeasured
    
    
    Identical
    
    
    Observable
    
    
    Unobservableat Fair
    
    
    Assets
    
    
    Inputs
    
    
    InputsValue
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Available for sale securities
    
    $
    19,081
    
    
    $
    19,081
    
    
    $
    
    
    
    $
    Derivative financial instruments, net
    
    
    7,045
    
    
    
    
    
    
    
    7,045
    
    
    
    Total
    
    $
    26,126
    
    
    $
    19,081
    
    
    $
    7,045
    
    
    $
    
   11. New Accounting Pronouncements
    10




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##### 



12. Segments and Related Information
 Our reportable segments consist of the Connector and Custom & Electrical segments. A summary
of our reportable segments follows:
 
    
    The Connector segment designs and manufactures products for high-speed,
high-density, high signal-integrity applications as well as fine-pitch, low-profile
connectors for the consumer and commercial markets. It also designs and
manufactures products that withstand environments such as heat, cold, dust, dirt,
liquid and vibration for automotive and other transportation applications.
 
    
    The Custom & Electrical segment designs and manufactures integrated and
customizable electronic components across all industries that provide original,
differentiated solutions to customer requirements. It also leverages expertise in
the use of signal, power and interface technology in industrial automation and
other harsh environment applications.
  Custom &
    
    CorporateConnector
    
    Electrical
    
    & Other
    
    TotalFor the three months ended:September 30, 2009:Revenues from external customers
    
    $
    489,141
    
    
    $
    184,771
    
    
    $
    121
    
    
    $
    674,033Income (loss) from operations (1)
    
    
    4,675
    
    
    
    11,151
    
    
    
    (25,929
    )
    
    
    (10,103
    )Depreciation & amortization
    
    
    48,513
    
    
    
    8,383
    
    
    
    3,693
    
    
    
    60,589Capital expenditures
    
    
    40,591
    
    
    
    2,599
    
    
    
    2,444
    
    
    
    45,634September 30, 2008:Revenues from external customers
    
    $
    581,110
    
    
    $
    257,334
    
    
    $
    541
    
    
    $
    838,985Income (loss) from operations (1)
    
    
    58,504
    
    
    
    22,530
    
    
    
    (19,691
    )
    
    
    61,343Depreciation & amortization
    
    
    50,863
    
    
    
    8,704
    
    
    
    3,946
    
    
    
    63,513Capital expenditures
    
    
    37,321
    
    
    
    6,141
    
    
    
    1,830
    
    
    
    45,292
 
 (1)
    
    Operating results include the following restructuring costs and asset impairments (in
thousands): Custom &
    
    CorporateConnector
    
    Electrical
    
    & Other
    
    TotalThree months ended:September 30, 2009
    
    $
    50,660
    
    
    $
    4,639
    
    
    $
    595
    
    
    $
    55,894September 30, 2008
    
    
    15,271
    
    
    
    3,779
    
    
    
    2,728
    
    
    
    21,778
 11




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##### 



Custom &
    
    CorporateConnector
    
    Electrical
    
    & Other
    
    TotalSeptember 30, 2009
    
    $
    1,524,930
    
    
    $
    397,574
    
    
    $
    136,396
    
    
    $
    2,058,900June 30, 2009
    
    
    1,388,110
    
    
    
    390,906
    
    
    
    184,645
    
    
    
    1,963,661
  Sept. 30,
    
    
    June 30,2009
    
    
    2009Segment net assets
    
    $
    2,058,900
    
    
    $
    1,963,661Other current assets
    
    
    643,878
    
    
    
    564,329Non current assets
    
    
    424,671
    
    
    
    414,167Consolidated total assets
    
    $
    3,127,449
    
    
    $
    2,942,157
 12




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##### 



Molex Incorporated
 
 Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of
Operations
   Overview
   
    
    The Connector segment designs and manufactures products for high-speed,
high-density, high signal-integrity applications as well as fine-pitch, low-profile
connectors for the consumer and commercial markets. It also designs and
manufactures products that withstand environments such as heat, cold, dust, dirt,
liquid and vibration for automotive and other transportation applications.
 
    
    The Custom & Electrical segment designs and manufactures integrated
and customizable electronic components across all industries that provide original,
differentiated solutions to customer requirements. It also leverages expertise in
the use of signal, power and interface technology in industrial automation and
other harsh environment applications.
    13




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##### 



Critical Accounting Policies and Estimates
   14




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##### 



Results of Operations
  Percentage
    
    
    
    
    
    
    Percentage2009
    
    
    of Revenue
    
    
    2008
    
    
    of RevenueNet revenue
    
    $
    674,033
    
    
    
    100.0
    %
    
    $
    838,985
    
    
    
    100.0
    %Cost of sales
    
    
    482,614
    
    
    
    71.6
    %
    
    
    589,513
    
    
    
    70.3
    %Gross profit
    
    
    191,419
    
    
    
    28.4
    %
    
    
    249,472
    
    
    
    29.7
    %Selling, general & administrative
    
    
    145,628
    
    
    
    21.6
    %
    
    
    166,351
    
    
    
    19.8
    %Restructuring costs and asset impairments
    
    
    55,894
    
    
    
    8.3
    %
    
    
    21,778
    
    
    
    2.6
    %Income (loss) from operations
    
    
    (10,103
    )
    
    
    (1.5
    )%
    
    
    61,343
    
    
    
    7.3
    %Other income, net
    
    
    2,484
    
    
    
    0.4
    %
    
    
    3,800
    
    
    
    0.5
    %Income (loss) before income taxes
    
    
    (7,619
    )
    
    
    (1.1
    )%
    
    
    65,143
    
    
    
    7.8
    %Income taxes
    
    
    3,976
    
    
    
    0.6
    %
    
    
    20,846
    
    
    
    2.5
    %Net (loss) income
    
    $
    (11,595
    )
    
    
    (1.7
    )%
    
    $
    44,297
    
    
    
    5.3
    %
 Net Revenue
  Comparable
    
    SequentialQuarter
    
    QuarterTelecommunications
    
    
    (32
    )%
    
    
    21
    %Consumer
    
    
    (2
    )
    
    
    27Data
    
    
    (13
    )
    
    
    18Industrial
    
    
    (27
    )
    
    
    6Automotive
    
    
    (19
    )
    
    
    16
    15




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##### 



Three Months EndedSeptember 30,2009
    
    2008Americas
    
    
    23
    %
    
    
    27
    %Asia Pacific
    
    
    61
    
    
    
    54Europe
    
    
    16
    
    
    
    19Total
    
    
    100
    %
    
    
    100
    %
  Three MonthsEndedSept. 30, 2009Net revenue for prior year period
    
    $
    838,985Components of net revenue increase:Organic net revenue decline
    
    
    (163,901
    )Currency translation
    
    
    (5,786
    )Acquisitions
    
    
    4,735Total change in net revenue from prior year period
    
    
    (164,952
    )Net revenue for current year period
    
    $
    674,033Organic net revenue decline as a percentage of net revenue from prior year period
    
    
    (19.5
    )%
   Three Months Ended September 30, 2009Local
    
    
    Currency
    
    
    NetCurrency
    
    
    Translation
    
    
    ChangeAmericas
    
    $
    (65,677
    )
    
    $
    (298
    )
    
    $
    (65,975
    )Asia Pacific
    
    
    (49,182
    )
    
    
    5,167
    
    
    
    (44,015
    )Europe
    
    
    (39,035
    )
    
    
    (10,655
    )
    
    
    (49,690
    )Corporate & Other
    
    
    (5,272
    )
    
    
    
    
    
    
    (5,272
    )Net change
    
    $
    (159,166
    )
    
    $
    (5,786
    )
    
    $
    (164,952
    )
 16




---



##### 



Three MonthsEndedSept. 30, 2009Americas
    
    
    (29.6
    )%Asia Pacific
    
    
    (10.9
    )Europe
    
    
    (24.6
    )Total
    
    
    (19.0
    )
  Percentage
    
    
    
    
    
    
    Percentage2009
    
    
    of Revenue
    
    
    2008
    
    
    of RevenueConnector
    
    $
    489,141
    
    
    
    72.5
    %
    
    $
    581,110
    
    
    
    69.2
    %Custom & Electrical
    
    
    184,771
    
    
    
    27.4
    
    
    
    257,334
    
    
    
    30.7Corporate & Other
    
    
    121
    
    
    
    0.1
    
    
    
    541
    
    
    
    0.1Total
    
    $
    674,033
    
    
    
    100.0
    %
    
    $
    838,985
    
    
    
    100.0
    %
 Gross Profit
  2009
    
    2008Gross profit
    
    $
    191,419
    
    
    $
    249,472Gross margin
    
    
    28.4
    %
    
    
    29.7
    %
   Three Months EndedSeptember 30,2009
    
    2008Copper (price per pound)
    
    $
    2.71
    
    
    $
    3.74Gold (price per troy ounce)
    
    
    960.00
    
    
    
    872.00
  17




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##### 



2009Price erosion
    
    $
    (36,339
    )Currency translation
    
    
    (506
    )Currency transaction
    
    
    (2,511
    )
    Operating Expenses
  2009
    
    2008Selling, general and administrative
    
    $
    145,628
    
    
    $
    166,351Selling, general and administrative as a percentage of revenue
    
    
    21.6
    %
    
    
    19.8
    %Restructuring costs and asset impairments
    
    $
    55,894
    
    
    $
    21,778
    Other Income (net)
  18




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##### 



Effective Tax Rate
  Backlog
  Segments
 Connector
  Three MonthsEndedSept. 30, 2009Net revenue for prior year period
    
    $
    581,110Components of net revenue change:Organic net revenue decline
    
    
    (97,912
    )Currency translation
    
    
    1,208Acquisitions
    
    
    4,735Total change in net revenue from prior year period
    
    
    (91,969
    )Net revenue for current year period
    
    $
    489,141Organic net revenue decline as a percentage of net revenue from prior year period
    
    
    (16.8
    )%
   Three Months EndedSeptember 30,2009
    
    2008Income from operations
    
    $
    4,675
    
    
    $
    58,504Operating margin
    
    
    1.0
    %
    
    
    10.0
    %
  19




---



##### 



Custom & Electrical
  Three MonthsEndedSept. 30, 2009Net revenue for prior year period
    
    $
    257,334Components of net revenue change:Organic net revenue decline
    
    
    (65,589
    )Currency translation
    
    
    (6,974
    )Total change in net revenue from prior year period
    
    
    (72,563
    )Net revenue for current year period
    
    $
    184,771Organic net revenue decline as a percentage of net revenue from prior year period
    
    
    (25.5
    )%
   Three Months EndedSeptember 30,2009
    
    2008Income from operations
    
    $
    11,151
    
    
    $
    22,530Operating margin
    
    
    6.0
    %
    
    
    8.8
    %
  Non-GAAP Financial Measures
   20




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##### 



Financial Condition and Liquidity
   Cash Flows
    Three Months EndedSeptember 30,2009
    
    
    2008Cash provided from operating activities
    
    $
    70,618
    
    
    $
    88,976Cash used for investing activities
    
    
    (8,452
    )
    
    
    (95,236
    )Cash provided from (used for) financing activities
    
    
    22,884
    
    
    
    (14,978
    )Effect of exchange rate changes on cash
    
    
    11,242
    
    
    
    (15,248
    )Net increase (decrease) in cash
    
    $
    96,292
    
    
    $
    (36,486
    )
 21




---



##### 



Operating Activities
  Investing Activities
  Financing Activities
   Contractual Obligations and Commercial Commitments
  Cautionary Statement Regarding Forward-Looking Information
  22




---



##### 



Item 3. Quantitative and Qualitative Disclosures About Market Risk
          23




---



##### 



Item 4. Controls and Procedures
 Evaluation of Disclosure Controls and Procedures
   Internal Control Over Financial Reporting
  
 PART II
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  24




---



##### 



Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  Total Numberof SharesTotal Number
    
    
    
    
    
    
    Purchased asof Shares
    
    
    Average Price
    
    
    Part of PubliclyPurchased
    
    
    Paid per Share
    
    
    Announced PlanJuly 1  July 31Common Stock
    
    
    82
    
    
    $
    14.41
    
    
    
    Class A Common Stock
    
    
    
    
    
    $
    
    
    
    
    August 1  August 31Common Stock
    
    
    53
    
    
    $
    16.21
    
    
    
    Class A Common Stock
    
    
    
    
    
    $
    
    
    
    
    September 1  September 30Common Stock
    
    
    24
    
    
    $
    16.56
    
    
    
    Class A Common Stock
    
    
    
    
    
    $
    
    
    
    
    Total
    
    
    159
    
    
    $
    15.33
    
    
    
    
 
 Item 6. Exhibits
 Number
    
    Description31
    
    Rule 13a-14(a)/15d-14(a) Certifications31.1 Section 302 certification by Chief Executive Officer31.2 Section 302 certification by Chief Financial Officer32
    
    Section 1350 Certifications32.1 Section 906 certification by Chief Executive Officer32.2 Section 906 certification by Chief Financial Officer
 25




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##### 



SIGNATURES
  MOLEX INCORPORATED

(Registrant)Date: October 30, 2009
    
    /S/ DAVID D. JOHNSONDavid D. Johnson
Executive Vice President, Treasurer and
Chief Financial Officer
(Principal Financial Officer)
 26