SAN JOSE, Calif., June 20, 2017 /PRNewswire/ -- J.
Daniel McCranie and Camillo Martino, nominees for election to the
Cypress Semiconductor Corporation (NASDAQ: CY) Board of Directors,
and T.J. Rodgers, founder and former
CEO of Cypress and the Company's largest individual stockholder,
(collectively "CypressFirst") today announced that based on an
estimate of the proxies and ballots submitted to the independent
Inspector of Elections at the 2017 Annual Meeting of Stockholders
held today, June 20, 2017, Cypress
stockholders have elected both CypressFirst nominees to the Cypress
Board.
T.J. Rodgers said, "We are
grateful to Cypress stockholders for their support of our two
candidates. I can now get back full-time to my work on
innovative technologies for the IoT and in alternative energy and
let the Cypress directors do their work."
Dan McCranie added, "Camillo and
I are both excited by the opportunity to work constructively as
members of the Board to support the management team to effectively
implement and advance the Cypress 3.0 strategy."
Camillo Martino stated, "During
the past few months, we have had the chance to speak with many
stockholders, and we share their desire to put the proxy contest
behind us."
Based on a preliminary estimate of the voting at today's Cypress
annual meeting, our CypressFirst nominees each received over 148
million votes and Cypress Board nominee Eric Benhamou received approximately 60 million
votes. The five candidates who ran unopposed on both the Cypress
Board and the CypressFirst proxy cards each received approximately
250 million votes.
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SOURCE CypressFirst