Seams, current EVP of sales & marketing at Cypress Semiconductor, provides his extensive management, sales and marketing, and engineering experience in the semiconductor industry to his role as a member of our Board. His industry knowledge, technical expertise, and long experience in monetizing high-tech IP assets have been a cornerstone of the success of the Company's IP business.Ĭhristopher A. Nagel, Ph.D., former CEO of PalmSource, is our longest standing member of the board. Miner, former president of Intel Capital, provides his extensive experience in the technology industry and growing new businesses, both organically and via external initiatives, to guide the Company as it continues its focus on developing and selling advanced technology.ĭavid C. Hill, former CEO of Novellus Systems, utilizes his robust expertise in executive leadership, engineering and IP monetization in leading the Company during this important phase in its strategic plan. John Chenault, former CFO of Novellus Systems, brings extensive financial, management and operations experience in the semiconductor industry to his role as a member of our Board. Tessera's Board nominees are proven business leaders with a diverse range of complementary experience in Intellectual Property (IP) monetization, operations, engineering, finance, high tech and semiconductors, as well as other areas essential to ensure the continued successful execution of Tessera's strategy and to deliver greater value for stockholders: Hill, interim CEO and executive chairman of Tessera Technologies, Inc. Based upon numerous discussions the Board and management have had with our stockholders, we have heard their feedback and are giving our stockholders what they want - we have provided the best slate of nominees to lead the Company going forward," said Richard S. We are pleased that the leading proxy advisory firms have recognized our efforts, and all have recommended that Starboard does not warrant control of the Board, and that both ISS and Egan-Jones have recommended that stockholders vote for all six of our highly qualified nominees. "Our goal has always been to provide the best Board for Tessera. In its report dated May 15, 2013, Egan-Jones wrote, "We believe that support for voting the management ballot is merited and that voting the management ballot (GOLD PROXY CARD) is in the best interest of the Company and its shareholders." More importantly, ISS and Egan-Jones recommended for the Company's slate of nominees. ("ISS"), and Glass Lewis & Co., have recommended that dissident stockholder Starboard Value LP ("Starboard") does not merit control of the Company's Board of Directors (the "Board").
( NAS: TSRA) ("Tessera" or the "Company") today announced that with addition of the report from Egan-Jones Proxy Services ("Egan-Jones"), all of the leading proxy advisory firms including Institutional Shareholder Services Inc.
SAN JOSE, Calif.-( BUSINESS WIRE)- Tessera Technologies, Inc. Proxy Advisory Firms Universally Recommend: No Majority Control for Starboard at Tessera Technologies
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