Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade DSPG now with 

In a letter to shareholders of DSP Group Inc. (DSPG: Quote), 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.

Click here to receive FREE breaking news email alerts for DSP Group Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 27th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 287,000, a decrease of 8,000 from the previous week's revised level of 295,000. After ending the previous session sharply lower, stocks may see some further downside in early trading on Thursday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 31 points. The European Central Bank left its key interest rates unchanged at a record low, after reducing them in a surprise move last month, as economic momentum in the euro area remains subdued. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent following its policy meeting in Naples, Italy on Thursday.
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.