Cypress Semiconductor reaches settlement with former CEO Rodgers

Cypress Semiconductor reaches settlement with former CEO Rodgers

34
SHARE

Cypress Semiconductor reaches settlement with former CEO Rodgers

Cypress Semiconductor reaches settlement with former CEO Rodgers(Reuters) – Cypress Semiconductor Corp said on Wednesday that it has agreed to nominate former Chief Executive T.J. Rodgers’ nominees for elections at the 2018 and 2019 annual meetings as part of a settlement. Rodgers, the company’s founder, had filed a lawsuit in April seeking Cypress’ board to make extra and corrected disclosures to its proxy materials in time for the 2017 annual meeting. Rodgers, who left the firm last year and is the largest individual shareholder, was running a proxy contest against Cypress, seeking to replace directors Eric Benhamou and Ray Bingham.

Continue Reading ➤
Loading...