IFC Irwin Financial Corp

NEW YORK, May 28 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Thursday, June 4: -- S&P 500 constituent MetLife Inc. (NYSE:MET) will replace Covidien Ltd. (NYSE:COV) in the S&P 100, S&P MidCap 400 constituent FMC Technologies Inc. (NYSE:FTI) will replace Covidien in the S&P 500, S&P SmallCap 600 constituent MICROS Systems Inc. (NASDAQ:MCRS) will replace FMC Technologies in the S&P MidCap 400, and IPC The Hospitalist Company Inc. (NASDAQ:IPCM) will replace MICROS Systems in the S&P SmallCap 600. Covidien is in the process of redomesticating to Ireland, rendering it ineligible for continued inclusion in the S&P 100 & 500 indices. -- Simmons First National Corp. (NASDAQ:SFNC) will replace Guaranty Financial Group Inc. (NYSE:GFG), and DTS Inc. (NASDAQ:DTSI) will replace Irwin Financial Corp. (NYSE:IFC) in the S&P SmallCap 600. As of today's close of trading, Guaranty Financial and Irwin Financial had market capitalizations of approximately $37 million and $35 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. MetLife is a provider of insurance and other financial services. It is headquartered in New York, NY. FMC Technologies is a provider of technology solutions for the energy industry. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Equipment & Services Sub-Industry index. MICROS Systems is a designer, manufacturer, marketer and servicer of enterprise information solutions. Headquartered in Columbia, MD, the company will be added to the S&P MidCap 400 GICS Systems Software Sub-Industry index. IPC The Hospitalist is a national hospitalist physician group practice. Headquartered in North Hollywood, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index. Simmons First National owns community banks in Arkansas. Headquartered in Pine Bluff, AR, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index. DTS is a provider of branded entertainment technologies. Headquartered in Agoura Hills, CA, the company will be added to the S&P SmallCap 600 GICS Electronic Components Sub-Industry index. Following is a summary of the changes: S&P 100 INDEX - June 4, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED MetLife Financials Life & Health Insurance DELETED Covidien Health Care Health Care Equipment S&P 500 INDEX - June 4, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED FMC Energy Oil & Gas Equipment & Technologies Services DELETED Covidien Health Care Health Care Equipment S&P MIDCAP 400 INDEX - June 4, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED MICROS Information Technology Systems Software Systems DELETED FMC Energy Oil & Gas Equipment & Technologies Services S&P SMALLCAP 600 INDEX - June 4, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED IPC The Health Care Health Care Services Hospitalist Simmons First Financials Regional Banks National DTS Information Technology Electronic Components DELETED MICROS Information Technology Systems Software Systems Guaranty Financials Thrifts & Mortgage Financial Finance Group Irwin Financials Regional Banks Financial About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907 Web Site: http://www.standardandpoors.com/

Copyright