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Chapman Capital, a 7.2% holder of Vitesse Semiconductor Corp. (OTC: VTSS), said it has determined to seek nominees to replace all or part of the Board of Director of the company. Chapman said the company last allowed shareholders to elect Board Representatives some 18 months ago, which Chapman said is in clear non-compliance with Delaware law.

Chapman said it expected to file a Schedule DEFN14A with the SEC initiating the process of soliciting proxies from shareholders of the Company today.

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Source: Chapman Capital Determined to Replace Vitesse Board