Cirrus Logic Nominates New Independent Directors for Election to Board
June 01 2009 - 9:00AM
Business Wire
Cirrus Logic Inc. (Nasdaq: CRUS), a leader in high-precision
analog and digital signal processing components, announced today
that John Carter and Tim Dehne have been nominated for election to
Cirrus Logic�s Board of Directors. Current Board members Suhas
Patil and Walden Rhines are stepping off the Board in July. The new
director candidates are seasoned business professionals who bring
many years of technology and management experience to the company�s
Board.
Mr. Carter is currently the founder and principal of TCGen, a
management consulting and advisory services firm. A graduate of
MIT, Mr. Carter�s 35 year career includes roles as CEO, CTO and
founder, and he is a widely respected advisor to technology firms.
Mr. Carter spent 11 years with the Bose Corporation and led product
development efforts for many of their leading consumer electronic
products as chief engineer. Mr. Carter founded two management
consulting companies and has advised numerous Fortune 100 firms,
including Abbott, Apple, Cisco, HP, IBM Lucent, Nortel, Xerox and
3M. Mr. Carter�s organizational leadership and business acumen will
be an excellent resource for Cirrus Logic.
Mr. Dehne recently retired as senior vice president of research
and development from National Instruments (NI), the leading
supplier of hardware and software for test, control, and embedded
design applications. He has led and managed a broad array of
businesses and professional disciplines to help grow a small $15M
private company into what is now a global $850M public corporation.
Mr. Dehne�s leadership ability and industry experience aligns well
with Cirrus Logic�s business strategies for innovation and
growth.
�This September marks 25 years since Suhas and I co-founded
Cirrus Logic. I am proud to have worked side by side with Suhas as
we pioneered the fabless semiconductor model and helped to build
Cirrus Logic into one of the world�s leading semiconductor
companies,� said Mike Hackworth, Cirrus Logic chairman of the board
of directors. �In addition, Wally�s experience at Texas Instruments
and later with Mentor Graphics was invaluable during the time when
Cirrus Logic was emerging as a player in the SOC market. I would
like to thank both Suhas and Wally for their contributions to me
personally and their service on the Board of Directors.�
�John and Tim bring fresh perspectives to our Board and I�m very
excited to work with these guys,� said Jason Rhode, president and
chief executive officer, Cirrus Logic. �Tim played a key role in
NI�s development as a truly outstanding company, and we are looking
forward to tapping into his experience.�John�s background and
connections at all levels in the audio industry will be a real plus
for Cirrus.�Meanwhile, I am very grateful for the guidance Suhas
and Wally have provided to me, and I look forward to continuing our
relationship in the future.�
Additional Information
Cirrus Logic, Inc. (the �Company�) and its directors and certain
executive officers may be deemed to be participants in the
solicitation of proxies from stockholders in connection with the
Company�s 2009 Annual Meeting of Stockholders (the �Annual
Meeting�). The Company has filed a proxy statement today with the
Securities and Exchange Commission (the �SEC�) in connection with
the solicitation of proxies for the Company�s Annual Meeting (the
�2009 Proxy Statement�). Information regarding the names of these
directors and executive officers and their respective interests in
the Company by security holdings or otherwise is set forth in the
Company�s 2009 Proxy Statement, which may be obtained free of
charge at the SEC�s website at http://www.sec.gov or the Company�s
website at www.cirrus.com/annualreports. WE URGE INVESTORS TO READ
THE 2009 PROXY STATEMENT (INCLUDING ANY SUPPLEMENTS THERETO) AND
ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION.
Cirrus Logic, Inc.
Celebrating its 25th year as a leading fabless semiconductor
company in 2009, Cirrus Logic develops high-precision, analog and
mixed-signal integrated circuits for a broad range of innovative
customers. Building on its diverse analog and signal-processing
patent portfolio, Cirrus Logic delivers highly optimized products
for a variety of audio and energy-related applications. The company
operates from headquarters in Austin, Texas, with offices in
Tucson, Ariz., Europe, Japan and Asia. More information about
Cirrus Logic is available at www.cirrus.com.
Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.
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