- Among recent steps taken amid an ongoing dispute with founder and former CEO T.J. Rodgers, Cypress Semiconductor (NASDAQ:CY) files definitive consent solicitation materials (full shareholder letter) with the SEC seeking to terminate cumulative voting.
- Shareholders of record February 27 are able to submit consent (solicitation statements sent via mail) by March 24.
- Previously (February 17, 2017): Cypress Semiconductor notes filing of lawsuit by former CEO, discloses measures to improve corporate governance / Cypress Semiconductor founder nominates board candidates
Cypress Semiconductor files to cease cumulative voting
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| Symbol | Last Price | % Chg |
|---|---|---|
| CY | - | - |
| Cypress Semiconductor Corporation | ||