Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Meru Networks Appoints Bami Bastani CEO

RELATED NEWS
Trade MERU now with 

Wireless LAN solutions provider Meru Networks (MERU: Quote) said Wednesday it has appointed Bami Bastani as president and chief executive officer of the company, effective immediately.

Bastani will also be joining the board of directors.

Bastani previously served as CEO at Trident Microsystems, Inc. and Anadigics, Inc. He had also served in executive postions in Fujitsu Microelectronics, National Semiconductor and Intel Corporation.

In connection with his appointment, the compensation committee of Meru's board of directors awarded Bastani a non-qualified stock option to purchase 0.6 million shares of Meru's common stock and 0.1 million restricted stock units pursuant to its 2012 Equity Inducement Plan, which is a non-restricted stockholder approved plan.

This stock option was granted to Bastani on March 21, 2012 and has a exercise price equal to the closing price of Meru's common shares on the Nasdaq on such date.

Click here to receive FREE breaking news email alerts for Meru Networks, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off. Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.