Cirrus Logic Nominates Two New Independent Directors for Election to Board
May 26 2011 - 2:58PM
Business Wire
Cirrus Logic Inc. (Nasdaq: CRUS), a leader in high-precision
analog and digital signal processing components, announced today
that Al Schuele and Susan Wang have been nominated for election to
Cirrus Logic’s Board of Directors. Current Board member D. James
Guzy will be retiring from the Board effective in July.
Mr. Schuele has been a general partner since 2000 with Sevin
Rosen Funds, a high tech venture capital firm, and currently is a
director of Javelin Semiconductor, InfoNow Corp., and InnovaLight,
Inc. Prior to Sevin Rosen, he was chief executive officer of
Benchmarq Microelectronics and served as president, chief operating
officer and a director of the Board of Unitrode Corp. after its
merger with Benchmarq. During his nearly 40 years of high tech
experience, he has held various executive and sales management
positions in several semiconductor companies including Cirrus
Logic, Crystal Semiconductor, Cypress Semiconductor and Mostek.
Ms. Wang has served since October 2003 on the Board of Directors
of Altera Corp., a programmable logic solutions supplier, after
retiring from her position as executive vice president and chief
financial officer of Solectron Corp., a worldwide provider of
electronics manufacturing services, which she joined in 1984. Wang
is also a director for Rae Systems Inc., a developer of sensory
technology for hazardous materials, Suntech Power Holdings Co.,
Ltd., a solar energy company, and Nektar Therapeutics, a
biopharmaceutical company.
“Susan and Al will bring fresh, new perspectives to our Board,
and I’m very excited about the prospect of working with them,” said
Jason Rhode, president and chief executive officer, Cirrus Logic.
“Having served as CFO at Solectron and in various financial and
managerial positions throughout her career, Susan offers a
tremendous breadth of financial expertise to our Board, and Al’s 40
years of high-tech industry experience will be a real plus for
Cirrus Logic. As we transition our Board’s leadership, I would like
to thank Jim Guzy for the guidance he has provided to Cirrus Logic
over the years.”
“Jim Guzy was a founding member of the Board in 1984 and his
insight and guidance has helped the company redefine itself on
several occasions to adapt to the changing demands of the
semiconductor industry,” said Mike Hackworth, Cirrus Logic chairman
of the Board of Directors. “I would like to thank Jim for his
intellectual contributions to me personally and for his thoughtful
leadership on the Board.”
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 2011 Annual Meeting of Stockholders (the “Annual
Meeting”). Information regarding the names of these directors and
executive officers and their respective interests in the Company by
security holdings or otherwise will be set forth in the Company’s
2011 Proxy Statement, which the Company intends to file with the
Securities and Exchange Commission (the “SEC”). Once filed with the
SEC, a copy of the 2011 Proxy Statement may be obtained free of
charge at the SEC’s website at http://www.sec.gov or the Company’s
website at http://investor.cirrus.com/annuals.cfm. Beginning about
June 14, 2011, the Company will make available on the Internet or
deliver paper copies of the proxy materials by mail to each
stockholder entitled to vote at the 2011 Annual Meeting. WE URGE
INVESTORS TO CAREFULLY READ THE 2011 PROXY STATEMENT (INCLUDING ANY
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE
COMPANY MAY FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION.
Cirrus Logic, Inc.
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. All
other product names noted herein may be trademarks of their
respective holders.
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