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
The U.S. Consumer Products Safety Commission has asked Safety 1st to recall 35,000 highchairs after several children fell and were injured. The recall covers about 35,000 wooden Safety 1st highchairs in three models: HC144BZF (Casablanca), HC229CZF (Gentle Lace) and HC229CYG (Black Lace). Safety... Ferrari, the luxury car division of Fiat Chrysler Automobiles (FCAU) is reportedly getting a much higher valuation than previously expected driven by its premium status of manufacturing high-performance luxury cars. According to reports, Ferrari expects the IPO to bring its market valuation to about... SeaWorld Entertainment Inc. (SEAS) has received another blow to its business as the California Coastal Commission banned breeding of captive killer whales in San Diego. The new law means SeaWorld won't be allowed to breed captive orcas, including through artificial insemination, at its California...
comments powered by Disqus
Trade DSPG now with 
Follow RTT