logo
Share SHARE
FONT-SIZE Plus   Neg

Starboard Value Urges DSP Group Shareholders To Elect Three Nominees To Board

In a letter to shareholders of DSP Group Inc. (DSPG), Starboard Value LP urged them to elect its three independent nominees to serve on DSP Group's board of directors at the upcoming 2013 Annual Meeting.

Starboard Value LP, together with its affiliates, currently beneficially owns approximately 10.1% of the outstanding common shares of DSP Group.

In the letter, Starboard said it nominated three highly qualified and independent director candidates - Michael Bornak, Norman Rice, III, and Norman Taffe - for election to DSP's Board of Directors as Class I directors at the upcoming 2013 Annual Meeting. Starboard stated that its Nominees are running against the Company's Class I director nominees, Eliyahu Ayalon, Zvi Limon, and Reuven Regev.

The company recently proposed to elect Gabi Seligsohn as a Class II director at the Annual Meeting as well. Starboard stated that it not nominating any individual to oppose Seligsohn.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple Inc. (AAPL) has scheduled its annual hardware event on Wednesday, September 7, when the tech giant is expected to unveil the most-awaited smartphone of the year-- iPhone 7. Apple has sent out invitation to the media and published the event on its website with a simple title "See you on the 7th." Although,... Starbucks Corp. (SBUX) has opened its first outlet on the island of Trinidad, as the coffee giant continues its Caribbean expansion. The new store is now open in San Fernando, Trinidad's SouthPark Entertainment Complex. Starbucks opened its first store in the Caribbean region in San Juan, Puerto... Conroe, Texas-based Country Fresh LLC., is recalling 30,000 cases of various fresh-cut vegetable products, due to a potential contamination of Listeria. The contamination was discovered during a routine sample taken at a retail store by the Georgia Department of Agriculture, which revealed the finished...
comments powered by Disqus
Follow RTT