Cimarex Energy to Join the S&P 500; Changes to the S&P MidCap 400 and the S&P SmallCap 600

NEW YORK, June 12, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, June 20:

• An S&P 500 constituent will switch places with an S&P MidCap 400 constituent, and two S&P MidCap 400 constituents will switch places with two S&P SmallCap 600 constituents. These transfers will make each index more representative of its market capitalization range; the company moving to the S&P 500 has a market cap above $11.5 billion, the companies moving to the S&P MidCap 400 have market caps between $3.5 billion and $4.7 billion, and the companies moving to the S&P SmallCap 600 have market caps below $1.5 billion. The transfers will be as follows:
  
  S&P MidCap 400 constituent Cimarex Energy Co. (NYSE:XEC) will replace International Game Technology. (NYSE:IGT) in the S&P 500, and International Game Technology will replace Cimarex Energy in the S&P MidCap 400.
  
  S&P SmallCap 600 constituents Live Nation Entertainment Inc. (NYSE:LYV) and ARRIS Group Inc. (NASD:ARRS) will replace Masimo Corp. (NASD:MASI)  and The Brink's Company (NYSE:BCO) in the S&P MidCap 400, and Masimo and The Brink's Company will replace Live Nation Entertainment and ARRIS Group in the S&P SmallCap 600.
  
• Chesapeake Lodging Trust (NYSE:CHSP) will replace Jos. A. Bank Clothiers Inc. (NASD:JOSB) in the S&P SmallCap 600. S&P SmallCap 600 constituent The Men's Wearhouse Inc. (NYSE:MW) is acquiring Jos. A. Bank Clothiers in a deal expected to be completed soon, pending final conditions.

Cimarex Energy operates as an independent oil and gas exploration and production company. Headquartered in Denver, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.

International Game Technology designs, develops, manufactures, and markets casino-style gaming equipment, systems technology, and game content for land-based and online markets. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 GICS Casinos & Gaming Sub-Industry index.

Live Nation Entertainment operates as a live entertainment company. Headquartered in Beverly Hills, CA, the company will be added to the S&P MidCap 400 GICS Movies & Entertainment Sub-Industry index.

ARRIS Group provides media entertainment and data communications solutions.  Headquartered in Suwanee, GA, the company will be added to the S&P MidCap 400 Communications Equipment Sub-Industry index.

Masimo develops, manufactures, and markets various noninvasive patient monitoring products.  Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 Health Care Equipment Sub-Industry index.

The Brink's Company provides secure transportation, cash management, and other security-related services. Headquartered in Richmond, VA, the company will be added to the S&P SmallCap 600 Security & Alarm Services Sub-Industry index.

Chesapeake Lodging Trust is an equity real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels.  Headquartered in Annapolis, MD, the company will be added to the S&P SmallCap 600 Hotel & Resort REITs Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected]
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]
(212) 438-3907

SOURCE S&P Dow Jones Indices